MORGANTOWN, W.Va. — Murray Energy Corporation, owner and operator of the Monongalia County mine, will join with German company E.ON Global Commodities SE to create a marketing and trading enterprise.
Javelin Global Commodities Holdings will be based in London.
Murray Energy’s CEO says Javelin will help develop new strategies for marketing and trading coal domestically and abroad.
In a release, Murray Energy announced “While the primary focus of the new venture will be on coal and electric power, there will be expansion into other commodities”
Murray is an underground mine company that acquired Consolidation Coal Company in 2013.
E.ON is ” is active in electric power, natural gas, carbon, LNG, freight and coal trading” according to Monday’s release.
In the spring, Murray idled the Monongalia County mine. Several hundred miners faced layoffs. Just last week, Murray announced 400 Monongalia County miners were being called back to work on a reduced schedule.