Coal’s Slow And Painful Demise Bankrupts Another Mining Giant

Murray Energy, the US largest privately owned coal producer led by outspoken Donald Trump’s ally Robert Murray, has filed for chapter 11 protection, as the fossil fuel’s role in the country’s energy mix continues to weaken The Ohio-based miner, the eighth coal company to go under over the past year, said it had reached a restructuring agreement with lenders to restructure more than $2.7 billion of debt. As part of the arrangement, lenders are creating a new entity called Murray NewCo, which will acquire all assets belonging…