CHARLESTON, W.Va. — Murray Energy Crop. has exited bankruptcy, and former union workers have positions with the company now controlling Murray Energy’s assets.
The United Miner Workers of America on Wednesday announced the coal mining company finished transferring all of its assets to American Consolidated Natural Resources Inc.
American Consolidated Natural Resources and the miners union agreed earlier this year that the new company had to hire members who previously worked for Murray Energy.
“I commend the officers and membership of our Local Unions at ACNR operations for their perseverance and patience through this proceeding,” UMWA President Cecil Roberts said in a statement. “It has not been an easy time for them, especially during this coronavirus pandemic. There is much to be concerned about for those of us associated with and working in the coal industry during these troubling times, but it is good that this process has finally been completed and our members can put the uncertainty of the bankruptcy behind them.”
Murray Energy declared bankruptcy last October citing debt and obligations related to pension and benefit plans.