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December 01, 2015 8:25 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Murray Energy Corporation

Company Overview

Murray Energy Corporation, along with its subsidiaries, produces and delivers bituminous coal to electric utility and industry customers in the United States and internationally. The company transports its coal via truck, rail, and waterways. The company's business also includes a diesel and mining equipment rebuilding facility in West Virginia. Murray Energy Corporation was founded in 1988 and is headquartered in St. Clairsville, Ohio with mining projects in Illinois, Ohio, Kentucky, and Utah. The company also has a financial services operation in Powhatan Point, Ohio; and a marketing and sales office in Lexington, Kentucky.

46226 National Road

St. Clairsville, OH 43950

United States

Founded in 1988





Key Executives for Murray Energy Corporation

Founder, Chairman, Chief Executive Officer and President
Chief Financial Officer, Chief Operating Officer, Executive Vice President and Member of The Board of Directors
Senior Vice President, Secretary and General Counsel
Senior Vice President of Marketing and Sales
Vice President of Engineering & Planning
Compensation as of Fiscal Year 2015.

Murray Energy Corporation Key Developments

Murray Energy Settles 1,753 Safety Violations at W.Va. Coal Mines for $3.3 Million

Murray Energy Corp. has agreed to pay $3.3 million to resolve 1,753 safety violations at five northern West Virginia mines it bought in 2013, the U.S. Mine Safety and Health Administration announced September 16, 2015. An administrative law judge with the Federal Mine Safety and Health Review Commission approved the settlement of the violations that had an initial assessment of $5.1 million in federal fines. Murray acquired the five mines - Blacksville No. 2, Robinson Run No. 95, Shoemaker, Loveridge No. 22 and McElroy Coal - from CONSOL Energy Inc. in late 2013. The violations occurred prior to Murray's purchase. The parties also agreed that settled penalty amounts are reasonable given the circumstances surrounding each affected citation/order and take into account the penalty criteria set forth in the Federal Mine Safety and Health Act of 1977.

The Pennsylvania Fish and Boat Commission Reaches $2.5 Million Settlement with Murray Energy Corporation

The Pennsylvania Fish and Boat Commission has reached a $2.5 million settlement with an energy company over a massive fish kill six years ago. The agency had filed a lawsuit alleging discharges from a coal mine in September 2009 entered a creek and killed tens of thousands of fish and other aquatic life over nearly 30 miles of stream in West Virginia and Pennsylvania. State officials on Sept. 14, 2015 called devastation from the Dunkard Creek spill 'astonishing' and said 40 species of fish and 14 species of mussels were killed, including an endangered mussel. In all, the panel said in the suits filed in Pennsylvania and West Virginia in 2011, an estimated 43,000 fish, 15,000 mussels and 6,500 mudpuppies died. The settlement was reached with Murray Energy which took over defense of the suit after it acquired the mine and others from Consol Energy. A court in West Virginia dismissed the Pennsylvania agency's lawsuit, saying the commonwealth lacked standing to sue in West Virginia, but the West Virginia Supreme Court last year revived the lawsuit. The settlement money will be used for projects that benefit recreational fishing and boating and the aquatic resources of the Dunkard Creek watershed, and for restoration projects in other southwestern Pennsylvania watersheds.

Murray Energy Corporation and Javelin Global Commodities Holdings, LLP Enters into Marketing Agreement

Murray Energy Corporation and Javelin Global Commodities Holdings, LLP announced that Murray Energy and Javelin have entered into a long-term exclusive marketing agreement, whereby Javelin will be the marketing agent for all coal produced by Murray Energy s Colombian Mines, now operated as Murray Colombian Resources, LLC (Murray Colombian Resources).

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