Murray Energy acquires Colombian mines

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Murray Energy Corporation announced that it has acquired Colombia Natural Resources, and related assets, in Colombia, South America.
This acquisition includes two developed surface mining operations, the La Francia and the El Hatillo Mines, three undeveloped mines, over 184 million tons of coal reserves, a coal port facility, partial ownership of a railroad line, 11 locomotives, 530 railcars, and certain other assets.
“As the United States coal industry continues to be under attack for elimination by the Obama Administration, we must look to international markets to ensure our survival,” stated Robert E. Murray, Chairman, President, and Chief Executive Officer of Murray Energy. “We are very excited about this new venture, which solidifies Murray Energy’s position as a premier coal producer and exporter in the international marketplace.”
“This is truly a transformative transaction for Murray Energy. Acquiring assets in Colombia will broaden our international presence in an attractive market and position ourselves to better serve our customers around the world” said Robert D. Moore, Executive Vice President, Chief Operating Officer, and Chief Financial Officer of Murray Energy. Murray Energy is the largest underground coal company in the United States, which provides over 7,000 jobs in six states. Murray Energy ships coal to domestic customers in more than 15 states and to international customers throughout the world.
Murray Energy Corporation and Javelin Global Commodities Holdings, LLP announced 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,
“Murray Energy is extremely excited to have Javelin market the coal from our South American operations in the international marketplace,” said Robert E. Murray “Murray Energy is a premier coal producer and exporter in the international marketplace, and Javelin’s efforts only strengthens our position and our ability to serve our customers worldwide.” Murray continued.
“Murray Energy has placed their trust in us to help them carry out their strategic visions, and their acquisition of Murray Colombian Resources is a terrific fit for our ongoing marketing activities in North America, Europe, and Latin America. We look forward to serving these customers with an increasing suite of high-quality coals,” noted Peter Bradley, Chief Executive Officer of Javelin. “The low sulphur, excellent blending Colombian coal, which Murray Energy will now produce at Murray Colombian Resources, is an ideal complement to the high heating value, low cost coal from Murray Energy’s mining operations in the United States.”