Murray American Energy Inc. reached a tentative agreement for a new contract with United Mine Workers of America that must be ratified by the union before the bankrupt coal giant can be acquired by a group of lenders.
- Details of the contract won’t be released until workers can review and ratify it, according to emailed statement
- Murray American Energy operates mines in West Virginia, and is a unit of Murray Energy Corp.
- NOTE: Murray has asked bankruptcy judge to let it shed some health-care obligations
- EARLIER:
Cash-Strapped Coal Giant Murray Energy Faces Liquidation
To contact the reporter on this story: ...