Murray Energy Corp. is partnering with a commodities firm run by two former Goldman Sachs Group Inc. executives to market coal in Colombia.
Murray and Javelin Global Commodities Holdings LLP entered into a long-term agreement that makes Javelin the agent for all coal produced by Murray’s Colombian mines, the St. Clairsville, Ohio-based producer said in a statement Thursday.
Javelin Chief Executive Officer Peter Bradley and Chief Financial Officer Spencer Sloan were both managing directors at Goldman.
Murray also acquired Colombia Natural Resources and related assets in the South American country, according to a separate statement.
The acquisition includes two developed surface mining operations, the La Francia and the El Hatillo mines, as well as three undeveloped mines, more than 184 million metric tons of coal reserves, a coal port facility and railway assets, Murray said.