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Murray Energy files for bankruptcy

Murray Energy files for bankruptcy

Murray Energy, one of the largest privately-held U.S. coal miners, became the latest in a string of coal companies to file for bankruptcy on Tuesday. As part of a restructuring, founder Robert Murray will step down as CEO and a lender group will take on more than 60% of about $1.7 billion in claims.

Timothy
Timothy
Miles O'Brien
Miles O'Brien 1 year

Coal is making its last death rattle.

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