The planned cuts, about 21% of Murray’s workforce, will come largely at mines in Ohio and West Virginia, a state hit hard by recent coal mine closures and layoffs.
Researchers from QUT's Australian Centre for Entrepreneurship Research (ACE) investigated more than 1000 joint ventures in the Australian mining industry to uncover why some succeed and others fail.
The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.
The U.S. largest electrical utility, has pleaded guilty to nine criminal violations of the Clean Water Act for polluting four major rivers with coal ash.
In this interview with The Gold Report, he suggests some companies with resources that not only make sense but could make even more sense to larger companies.
SNL says the closures represent about 4% of installed coal capacity in the U.S. and it will make up a third of nationwide coal plant retirements between 2010 and 2015.