The deal includes about 100 million tons of reserves and resources from the Herrin No. 6 seam in Saline and Hamilton counties as well as leases and surface rights previously owned by CONSOL.
The Hamilton reserves are adjacent to the company’s existing New Era underground operation and positions the complex for an additional 20 years of continued operation.
With the new purchase, Murray Energy’s now has reserve holdings equaling approximately 3 billion tons.
“This acquisition is a significant investment in The American Coal Company and our continuing operations in the Illinois Basin,” Chairman, President and Chief Executive Officer Robert E. Murray said. “Indeed, we are proud to provide high-paying, well benefited jobs to our 1,000 employees in the state of Illinois.”
Murray Energy now has a staff of 7,400 at its 12 currently active mines in six states.