Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Contact Us | Home RSS
 
 
 

Murray Finalizes Consol Purchase

December 6, 2013

ST. CLAIRSVILLE — Robert E. Murray said he fully intends to operate all five Consol Energy coal mines he officially acquired by closing a $3....

« Back to Article

 
 
sort: oldest | newest

Comments

(18)

Fritz43

Dec-08-13 2:38 PM

It looks bad, it really does. If I were under the age of, say 40, and had a family I would be looking to egress. As in: egress coal, egress the Valley. And soonest.

1 Agrees | 0 Disagrees | Report Abuse »

NRALifer59

Dec-08-13 7:05 AM

atoddh.. I suspect you hit the game plan right on the head. Look for a chapter 11 within the next few years. They have learned from the Patriot Coal case.

1 Agrees | 0 Disagrees | Report Abuse »

atoddh

Dec-07-13 6:50 PM

note: none of the majors eg Peabody wanted the mines. Does that tell you something.

1 Agrees | 0 Disagrees | Report Abuse »

atoddh

Dec-07-13 6:49 PM

liberty they sold because they saw no future. The future is gas.

1 Agrees | 0 Disagrees | Report Abuse »

atoddh

Dec-07-13 6:46 PM

Murray is probably doing this with massive debt(leveraged buy out) and he has huge legacy costs. If coal prices decline and/or demand weakens he will be in a jam. Look for a chapter 11 to dump the union and pensions soon.

2 Agrees | 0 Disagrees | Report Abuse »

NRALifer59

Dec-07-13 5:44 AM

One thing is for sure, Murray will have less workers doing MORE work.

1 Agrees | 0 Disagrees | Report Abuse »

1whoworks

Dec-06-13 10:59 PM

Consol mines have been poorly run with a pretty sad safety record. Not too long ago they had a fatality. That is inexcusable period. Zero harm, zero accidents. Murray will make changes that increase productivity and add some accountability to those who have never had any. They will whine and complain but in the end Murray will prevail. He is a hard businessman. The kind you want on your side, not the kind you want to fight.

1 Agrees | 1 Disagrees | Report Abuse »

debrahdd

Dec-06-13 10:58 PM

Cracking the whip only works on (non union)miners!

1 Agrees | 1 Disagrees | Report Abuse »

liberty

Dec-06-13 10:11 PM

Shoemaker and McElroy have been the most productive, profitable, and safest mines in the United States, largely because of the UMWA representation and it's locally cohesive membership. Why Consol chose to bail on it's historically profitable core business is short-sighted. Why did Ford build the Edsel, why did AOL, at the time the best internet provider in the world buy Time-Warner, a movie studio, why did JC Penney change it's entire profitable sales model for a strategy that no one liked or understood? Consol's decision will also prove to be a mistake and the new owner would be best served to work and respect the UMWA members that made Consol so much money in the first place.

2 Agrees | 1 Disagrees | Report Abuse »

Triton

Dec-06-13 9:40 PM

I wonder why unions think that having a union makes it safer for the miners. Aren't they all inspected by the same state and Federal mine spectors. Obama and Earl Ray's inspectors, all good Dems. The UMW helped to put Obama in the White House and endorsed him twice, the second time he had already announced his war on coal. Consol bailed because they saw the handwriting on the wall. Miners have not been able to read it apparently. If Murray did not buy the mines they would not be open much longer. If you don't like that then go where the union mines are, you will be chasing the water down the drain until they are all gone. Better yet, elect Hillary the next time I am sure she will say whatever you want to hear too, and will put you out of work just the same. I feel bad for you too, but you can't shoot yourself in the foot and then complain about it

2 Agrees | 2 Disagrees | Report Abuse »

debrahdd

Dec-06-13 8:19 PM

UMWA workers have protection that those mines that consol kept dont ...like refusing to work in unsafe conditions without the fear of being fired,reporting injurys

2 Agrees | 0 Disagrees | Report Abuse »

liberty

Dec-06-13 8:09 PM

Does the new owner know that both Shoemaker and McElroy are both in Marshall County? Why rename Shoemaker the Ohio County Coal Mine owned by the Ohio County Coal Company? Great PR start ! You're not in Kansas, I mean Ohio, anymore! Get a clue.

2 Agrees | 0 Disagrees | Report Abuse »

NRALifer59

Dec-06-13 5:41 PM

How much clout does the UMWA have around here.. they haven't been able to organize a single coal mine in this area since the early 1970s. They couldn't organize Consol's Bailey or Enlow Fork mines, Rosebud mines or Murray's Century mine. Not to worry though UMWA president Cecil Roberts is still making his $160,000 per year salary

1 Agrees | 1 Disagrees | Report Abuse »

Blackrock

Dec-06-13 7:31 AM

The UMWA is no longer significant because it has leadership in the mold of Hoopie. The same leadership that has endorsed Al Gore and Obama.

1 Agrees | 5 Disagrees | Report Abuse »

Blackrock

Dec-06-13 7:29 AM

The Hoopie. The great supporter of Obama is now defending miners. The same miners he throws under the bus in his blind support of Obama's agenda. Typical union hypocrite. It's all about the agenda, not the worker.

2 Agrees | 5 Disagrees | Report Abuse »

wvhoopie

Dec-06-13 6:30 AM

What is there to comment about from the UMWA? If Murray wants labor peace he will treat these workers with the dignity and respect they deserve. These workers are our families and friends in the Ohio Valley. These mines have been extremely productive and I'm sure Murray wants that to continue. Safety should always come first and with the additional protection of a labor union the workers will not hesitate to speak up in the name of safety.

4 Agrees | 4 Disagrees | Report Abuse »

NRALifer59

Dec-06-13 5:03 AM

Of course the UMWA has no comment, they lost any real power they had years ago. Consol was the last member of the BCOA and now they are no more. Come time for the next contract with these now former Consol mines there are going to be some big changes.

2 Agrees | 2 Disagrees | Report Abuse »

NRALifer59

Dec-06-13 4:54 AM

Crack that whip!

2 Agrees | 1 Disagrees | Report Abuse »

Showing 18 of 18 comments
 
 

Post a Comment

You must first login before you can comment.

*Your email address:
*Password:
Remember my email address.
or
 
 

EZToUse.com

I am looking for: