Coal mining giant Murray Energy Corp. has emerged from bankruptcy with a new name and a commitment to rehire all of its former union employees, according to a news release from the United Mine Workers of America.
Foresight Energy filed for bankruptcy with plans to hand ownership to its creditors, becoming the latest coal company to fail as power generators switch to cleaner and cheaper fuels.
West Virginia-based Revelation Energy LLC and its affiliate Blackjewel LLC filed for bankruptcy, making it the second major coal company to declare bankruptcy in as many weeks.
