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Murray Energy Exits Bankruptcy

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.

Murray Energy declared bankruptcy last October citing debt and obligations related to pension and benefit plans.

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