Coal mining CEO’s idea to take over older power plants defies industry trends

摘要

Operating coal-fired power plants would be “the culmination of my life’s work” for Murray Energy Corp. CEO Robert Murray, but breathing new life into the sort of assets many are turning away from could prove difficult. S&P Global Ratings analyst Chiza Vitta said investor concerns about Contura’s Powder River Basin coal mines likely played a role in Contura pulling back on a proposed IPO in 2017; it has since divested those mines. Diversifying supply and growing the company’s metallurgical coal footprint could increase the company’s odds of attracting investors.