Murray-Foresight coal reserves would exceed Peabody’s, Arch’s

The planned merger between St. Louis-based Foresight Energy and Murray Energy of St. Clairsville, Ohio would create the nation’s “premier” coal miner, the two companies say, and would create an entity that controls 9 billion tons of coal reserves.

That would give the new company larger coal reserves than the two largest U.S. coal producers, Peabody Energy and Arch Coal.

Robert E. Murray, the chairman, president and CEO of Murray Energy, said in a statement that the coal marketplace is “extremely distressed” and the Foresight acquisition will help his company compete.

Read more from the St. Louis Post-Dispatch

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