Coal giant Murray Energy out of bankruptcy under new name – By Associated Press (FOX Business) /Sept 17 2020
The new company is American Consolidated Natural Resources Inc
A major U.S. coal mining company has emerged from federal bankruptcy protection under a new name and ownership group.
Murray Energy Holdings said its Chapter 11 plan was approved last month in U.S. bankruptcy court in Ohio and became effective Wednesday. The company said in a statement that it has completed the sale of its assets to an entity formed by former creditors.
The new company, St. Clairsville, Ohio-based American Consolidated Natural Resources Inc., is the largest privately owned U.S. coal operator with active mines in Alabama, Kentucky, Ohio, West Virginia and Utah, the statement said.
ACNR also has separate management services agreements to operate Foresight Energy mines in Illinois and Murray Energy subsidiary Murray Metallurgical mines.
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