Murray Energy's Controlling Interest of Foresight Creates U.S. Coal Mining Giant

SUGAR LAND--March 27, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Murray Energy Corporation's (St. Clairsville, Ohio) deal to take controlling interest in Foresight Energy will create a company with more than 9 billion tons of coal reserves. Murray Energy, which already is the largest privately held coal-mining company in the U.S., announced March 15 it will acquire a controlling interest in Foresight Energy LP (NYSE:FELP) (St. Louis, Missouri) and Foresight Energy GP LLC (FEGP) (St. Louis, Missouri) for nearly $1.4 billion.

Within this article: Murray Energy's acquisition of controlling interest in Foresight Energy.

Additional companies: CONSOL Energy Incorporated (NYSE:CNX)