Murray Energy Corporation
Murray Energy Corporation is the largest privately owned coal company in the United States, producing approximately sixty-five million tons of high quality bituminous coal each year, and employing over 6,000 people in six states.
Murray Energy now owns and operates twelve active mines at eleven mining complexes located in the United States and Columbia, South America. Murray Energy’s mines are located in the high heat coal producing regions of the United States, including: Northern Appalachia (seven mines in operation); the Illinois Basin (three mines in operation); and the Uintah Basin in Utah (one mine in operation). Murray Energy also owns one mine operating in Columbia, South America. Since April, 2015, Murray Energy has held a substantial financial interest in Foresight Energy, which operates four additional mines in Illinois. This represents a total of sixteen mines under the management of Murray Energy.
Murray Energy’s mines consist of eleven underground longwall mining systems and forty-six continuous mining units. We also operate eight coal transloading facilities, four mining equipment manufacturing and fabrication facilities, and over 500 oil and gas wells. Murray Energy has approximately three billion tons of coal reserves.
Our company was founded in 1988 by Mr. Robert E. Murray, our Chairman, President, and Chief Executive Officer, who mortgaged everything he owned to the purchase a single continuous mining operation, The Ohio Valley Coal Company’s Powhatan No. 6 Mine, which at the time had an annual output of approximately 1.2 million tons per year and was being closed.
We expanded our business in the 1990s and 2000s by purchasing additional high quality coal reserves strategically located near customers and convenient and low cost modes of transportation in Northern Appalachia, the Illinois Basin, and in Utah. In 1996, we developed the Paradise Mine in the western Kentucky and, in 1998, The American Coal Company’s New Era and New Future Mines in Illinois. In 1999, we constructed American Energy Corporation’s Century Mine in southeastern Ohio. In 2000, we purchased the Lila Canyon Mine reserves and, in 2006, the West Ridge Mine in Utah, as well as other coal properties.
On December 5, 2013, we purchased Consolidation Coal Company from CONSOL Energy, Inc. This was a transformative transaction for Murray Energy Corporation, in which we acquired: The Ohio County Coal Company’s Ohio County Mine (formerly Shoemaker Mine); The Marshall County Coal Company’s Marshall County Mine (formerly McElroy Mine); The Marion County Coal Company’s Marion County Mine (formerly Loveridge Mine); The Harrison County Coal Company’s Harrison County Mine (formerly Robinson Run Mine); and The Monongalia County Coal Company’s Monongalia County Mine (formerly Blacksville Mine). The Consolidation Coal Company name has been changed to Murray American Energy, Inc. (“Murray American”).
As previously noted, since April 16, 2015, Murray Energy has held a substantial financial interest in Foresight Energy, which operates four additional mines in Illinois.
Murray Energy also engages in related business operations and activities, including owning and operating four mining equipment manufacturing and rebuild facilities along with a number of river, truck and rail terminals, and twenty-six river towboats and about 550 barges on the inland waterway system.
Many of our mining complexes are strategically located near our customers’ electric generating stations, and all have excellent, low cost transportation infrastructures to our markets.
We pride ourselves on running very safe mines, providing thousands of jobs, and being the low-cost producer in any sourcing region in which we operate.