Breaking down the Consol-Murray sale


Consol Energy is selling five of its long wall coal mines in West Virginia to Murray Energy. It’s a deal slated to cost more than $3 billion.

In the deal, Consol will get:

$850 million in cash;

Almost $200 million in value of future payments;

The acquisition of $2.4 billion in Consol’s liabilities, to Murray Energy.

In return,

Murray Energy will receive:

Almost 4,000 new employees;

6 more coal preparation plants;

5 more active mining complexes;

6 more longwall mining systems;

23 more continuing mining units;

1 reverse osmosis plant;

609 barges;

23 harbor boats and tow boats;

5 additional coal transloading facilities.

Sens. Joe Manchin and Jay Rockefeller have requested a meeting with Murray Energy to discuss the transition. Among the liabilities picked up by Murray are retiree health care plans by mining employees.