Posted on May 15, 2019 by American Equipment and Machine, Inc.
AMERICAN EQUIPMENT AND MACHINE, INC.
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Murray Energy Corporation is the largest privately owned coal company in the United States, producing approximately seventy-six million tons of high quality bituminous coal each year, and employing over 6,000 people in six states.
Murray Energy now owns and operates thirteen active mines in the United States and Colombia, South America. Murray Energy's mining complexes are located in the high heat coal producing regions of the United States, including: Northern Appalachia (six mines in operation); the Illinois Basin (one mine in operation); and the Uintah Basin in Utah (one mine in operation). Murray Energy also owns two minesoperating in Colombia, South America. Since April, 2015, Murray Energy has held a substantial financial interest in Foresight Energy, which operates threeadditional mines in Illinois.
Murray Energy's mines consist of eleven underground longwall mining systems and forty-six continuous mining units. We also operate eight coal transloading facilities, four mining equipment manufacturing and fabrication facilities, and over 500 oil and gas wells. Murray Energy, together with Foresight, has over three billion tons of coal reserves.
Our company was founded in 1988 by Mr. Robert E. Murray, our Chairman, President, and Chief Executive Officer, who mortgaged everything he owned to the purchase a single continuous mining operation, The Ohio Valley Coal Company's Powhatan No. 6 Mine, which at the time had an annual output of approximately 1.2 million tons per year and was being closed.
We expanded our business in the 1990s and 2000s by purchasing additional high quality coal reserves strategically located near customers and convenient and low cost modes of transportation in Northern Appalachia, the Illinois Basin, and in Utah. In 1996, we developed the Paradise Mine in the western Kentucky and, in 1998, The American Coal Company's New Era and New Future Mines in Illinois. In 1999, we constructed American Energy Corporation's Century Mine in southeastern Ohio. In 2000, we purchased the Lila Canyon Mine reserves and, in 2006, the West Ridge Mine in Utah, as well as other coal properties.
On December 5, 2013, we purchased Consolidation Coal Company from CONSOL Energy Inc. This was a transformative transaction for Murray Energy Corporation, in which we acquired: The Ohio County Coal Company's Ohio County Mine (formerly Shoemaker Mine); The Marshall County Coal Company's Marshall County Mine (formerly McElroy Mine); The Marion County Coal Company's Marion County Mine (formerly Loveridge Mine); The Harrison County Coal Company's Harrison County Mine (formerly Robinson Run Mine); and The Monongalia County Coal Company's Monongalia County Mine (formerly Blacksville Mine). These companies are now subsidiaries of Murray American Energy, Inc.
As previously noted, since April 16, 2015, Murray Energy has held a substantial financial interest in Foresight Energy, which operates three additional mines in Illinois.
Murray Energy also engages in related business operations and activities, including owning and operating four mining equipment manufacturing and rebuild facilities along with a number of river, truck and rail terminals, and twenty-six river towboats and over 500 barges on the inland waterway system.
Many of our mining complexes are strategically located near our customers' electric generating stations, and all have excellent, low cost transportation infrastructures to our markets.
We pride ourselves on running very safe mines, providing thousands of jobs, and being the low-cost producer in any sourcing region in which we operate.
$13.5 - $13.5 Annual