Largest U.S. Private Coal Company (Murray Energy) Files Bankruptcy Despite Trump’s Efforts to Help Industry
By Jordan Davidson
The Trump administration’s efforts to prop up the coal industry hit another bump as one-time power giant Murray Energy filed for Chapter 11 bankruptcy, as NPR reported.
The Ohio-based company was the country’s fourth largest coal producer in 2018, accounting for six percent of total production, according to the Energy Information Administration, as the AP reported.
Murray Energy is the nation’s largest privately held coal company. The New York Times reported that it has nearly 7,000 employees,17 mines in six states across Appalachia and the South as well as two mines in Colombia, and it produces more than 70 million tons of coal a year.