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Murray Energy Corp., the largest underground coal mining company in America with a substantial footprint across the Ohio Valley, has filed for bankruptcy protection. “Although a bankruptcy filing is not an easy decision, it became necessary to access liquidity and best position Murray Energy and its affiliates for the future of our employees and customers… Read More
The bankruptcy follows the Sackler family, which owns Purdue, agreeing to surrender control of the company and offering $3 billion in cash to opioid-hit communities.
HUNTINGTON, W.Va. (AP) — A federal hearing adjourned Thursday without a decision on a bidding process proposed for mines owned by a bankrupt West Virginia-based coal company. U.S. Bankruptcy Judge Frank Volk told the parties in federal court in Huntington the emergency hearing would resume Friday morning in Charleston. Volk heard nearly two hours of… Read More