Blackhawk gets no competition for Murray met coal mine bid

摘要

Charlottesville, Virginia—Murray Energy received no qualified bids to compete in a bankruptcy auction against Blackhawk Mining’s $750,000 bid for Murray Energy’s Maple Eagle metallurgical coal mining complex in West Virginia, according to a new court filing. Murray Energy filed a March 20 notice to a bankruptcy court saying it did not receive any qualified bids in the auction of substantially all of its assets. The largest privately held coal producer in the US added that it would designate a stalking horse bid from a group formed by its superpriority lenders as the winning bid. A separate bankruptcy auction of the company's Maple Eagle met coal mine also received no qualified bids, the subsidiary wrote in a March 23 court filing in the US Bankruptcy Court for the Southern District of Ohio.