Murray Energy Corporation Announces it is Successful Bidder for Oak Grove, Seminole Alabama, and Maple Eagle Mining Complexes in Mission Coal Bankruptcy
Murray Energy Corporation (“Murray Energy”) has been informed that it has been selected as the Successful Bidder to acquire the Oak Grove, Seminole Alabama, and Maple Eagle Mining Complexes (the “Mission Assets”), located in Alabama and West Virginia, from Mission Coal Company, LLC (“Mission”), through the Mission bankruptcy proceedings. Mission has accepted Murray Energy’s bid and has filed notice with the bankruptcy court today, March 27, 2019.
Murray Energy has formed a new, majority owned unrestricted subsidiary company, Murray Metallurgical Holdings, LLC, to acquire and operate the Mission Assets, with its existing JV partner, Javelin Global Commodities (UK) LTD. (“Javelin”), as the minority owner of the newly formed unrestricted subsidiary. The bankruptcy court has scheduled a hearing on April 3, 2019, to approve the sale of the Mission Assets to Murray Metallurgical Holdings, LLC.
Murray Energy’s acquisition of the Mission Assets provides a significant entrance into the metallurgical coal market, allowing for diversification of its portfolio of quality mining assets. The Mission Assets will benefit from Murray Energy’s best-in-class longwall mining and operational expertise, that will further enhance the value of these high quality metallurgical coal properties. Additionally, this acquisition leverages Javelin’s existing global marketing platform, bringing further value to these newly acquired assets. Murray Energy looks forward to utilizing our management and marketing expertise in order to ensure the maximum success of these operations.
For further information please contact media@coalsource.com.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190327005884/en/
Contact information
Jason D. Witt
Assistant General Counsel
(740) 338-3100 (phone)
media@coalsource.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Microba Delivers Landmark IBD Results & Signs Major Gastro Partner29.4.2025 08:52:00 EEST | Press release
Microba Life Sciences Limited (ASX: MAP) (“Microba”) a precision microbiome company, today announces two significant developments: the release of new clinical utility results for its MetaPanel™ gastrointestinal pathogen test, and the signing of a strategic clinical partnership with the Colonoscopy Clinic, and its wholly owned partner, Integrated Gut Health, one of Australia’s leading gastroenterology services. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250428841566/en/ Transforming IBD Care: MetaPanel™ Demonstrates High Clinical Utility Two independent clinical studies led by renowned Australian gastroenterologists Associate Professor Jake Begun and Associate Professor Graham Radford-Smith have demonstrated compelling clinical utility for Microba’s MetaPanel™ in the management of patients with Inflammatory Bowel Disease (IBD), including Crohn’s disease and ulcerative colitis. The studies found that: 40% of IBD patients e
VeriSilicon Launches the Industry-Leading Automotive-Grade Intelligent Driving SoC Design Platform29.4.2025 03:00:00 EEST | Press release
VeriSilicon (688521.SH) recently announced that its automotive-grade high-performance intelligent driving system-on-chip (SoC) design platform has been verified and successfully implemented in customer projects. Leveraging VeriSilicon’s Silicon Platform as a Service (SiPaaS) business model, this platform provides robust technical support for high-performance computing applications such as autonomous driving and advanced driver assistance systems (ADAS). VeriSilicon’s chip design process has obtained ISO 26262 automotive functional safety management system certification, enabling the company to provide global customers with one-stop custom service for their automotive chips that meet functional safety requirements. Combined with its extensive portfolio of automotive-grade IPs and complete intelligent driving software platform, VeriSilicon offers end-to-end support from chip design and verification to automotive certification, including safety requirement analysis, architecture design, a
EU Authorisation Allows for Fermented Rapeseed Cake to Be Applied in Food29.4.2025 00:59:00 EEST | Press release
Most people recognise the yellow, fragrant rapeseed fields that adorn the landscape in spring. But few know that rapeseed cake was banned as food grade until today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250428371892/en/ Today is a special day for Danish FERM FOOD ApS, which has received the EU Commission's authorisation to use fermented rapeseed cake as a food ingredient (Left: Founder and CEO Jens Legarth, right: Head of Development Søren Lange). Rapeseed was banned – until today Rapeseed, also known as Canola, is primarily grown for its oil-rich seeds, which are pressed into cooking oil. While you can fill the pan with rapeseed oil, the remaining protein-rich press cake is strictly forbidden for human consumption in the EU until today. Therefore, rapeseed cake is primarily used for feed and biogas. The EU rule that prohibits rapeseed for consumption is called Novel Food and means that only foods that have been con
IFF Pharma Solutions to Showcase Portfolio at Excipient World 202529.4.2025 00:00:00 EEST | Press release
IFF (NYSE: IFF) Pharma Solutions, a global leader in polymer innovations, will showcase its sustainable solutions at Excipient World 2025. The team will feature sustainable innovations, controlled-release formulations, and nitrosamine risk mitigation solutions at booth 205 from May 13-14, Gaylord National Resort and Convention Center, National Harbor, Maryland, USA. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250428283122/en/ “At IFF Pharma Solutions, we believe sustainability is not just a responsibility but an opportunity to innovate and inspire,” said Dr. Anne Adden, global strategic marketing director for sustainability and dietary supplements. “We are committed to creating solutions that not only meet the needs of today but also pave the way for a healthier, more sustainable future. Our team of problem-solvers and experts is redefining what it means to lead in sustainable healthcare.” Building on over 75 years of ind
Winka Dubbeldam Appointed Director and CEO of SCI-Arc28.4.2025 21:50:00 EEST | Press release
The Southern California Institute of Architecture (SCI-Arc) is thrilled to share that Prof. Winka Dubbeldam has been appointed as the next Director and Chief Executive Officer of SCI-Arc. A globally recognized Dutch architect, educator, and leader in design innovation, Winka will officially assume the role on September 1, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250428994100/en/ Winka Dubbeldam Winka brings more than three decades of experience to the forefront of architectural practice and education. She is a full Professor of Architecture and served as Chair at the University of Pennsylvania Stuart Weitzman School of Design for ten years (2013–2023). Previously she initiated and directed the Post-Professional Architecture program for ten years (2003–2013), providing international students with innovative design skills, cutting-edge theoretical and technological knowledge necessary for a productive and innovativ
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom