West Cumbria Mining entered into “an exclusive marketing and offtake agreement” with Javelin Global Commodities .whose major stakeholder is Murray Energy on October 14th . On October 29th the New York Times reported that Murray Energy had filed for bankruptcy.
West Cumbria Mining say that “The agreement will see Javelin purchasing 100% of WCM’s production output”. The major stakeholder of Javelin Global Commodities is Murray Energy. Javelin was founded as a joint venture between Murray Energy Corporation and Uniper. (Uniper has interests in nuclear decommissioning and waste.)
Now CNN business reports that:
‘Nervous and scared.’ Coal workers fear for pensions after Murray Energy bankruptcy
“Tom Kacsmar worked underground at a coal mine for nearly four decades. The promise of a decent pension and healthcare for life kept him at this dangerous job.