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Push to Liquidate Murray Means Coal Mines Will Close, Union Says

  • Consol seeking to convert Murray reorganization to liquidation
  • Rivals could buy assets to take over contracts, shut mines
Coal Slump Sends Mining Giant Peabody Energy Into Bankruptcy

Photographer: Luke Sharrett/Bloomberg

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Consol Energy Inc.’s effort to push rival coal company Murray Energy Corp. into liquidation is aimed at shuttering mines and reducing output in an oversupplied industry, according to the largest U.S. coal miners’ union.

“Liquidation plays to the benefit of all the competitors in the region,” United Mine Workers of America President Cecil Roberts said during an online news conference Thursday.