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The transaction includes about 100 million tonnes of coal reserves and resources in the Herrin 6 coal seam, as well as leases and surface rights.
The Hamilton reserves are adjacent to the American Coal Company’s New Era mine, Murray Energy CEO Robert Murray said.
“This acquisition is a significant investment in the American Coal Company and our continuing operations in the Illinois Basin,” he said.
“Indeed, we are proud to provide high-paying jobs to our 1000 employees in Illinois.”
This acquisition gives New Era mine more than 20 additional years of operation, and increases Murray Energy’s reserve holdings to about 3 billion tonnes of coal.
This production and reserve base will allow Murray Energy to even better serve its electric utility customers with affordable, reliable, and high quality coal supplies, Murray said.
