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The causes of the protest stemmed from the 2019 bankruptcy of Blackjewel Coal, a coal mining company that operated a mine in the county. Following the company's bankruptcy, former coal miners did not receive payment for several weeks of work, leading to many miners protesting by blocking a coal train on tracks in the county.
In 2019, Blackjewel, LLC, a subsidiary of Revelation Energy, was one of the largest coal operators in the country. [1] On July 1, 2019, Blackjewel Coal filed for bankruptcy, [2] leading to the abrupt firing of about 1,700 miners in Kentucky, Virginia, West Virginia, and Wyoming. [3] [4] 200 miners in Harlan County were affected. [5]
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The Chapter 11 filing was the fourth-largest in US history, following Lehman Brothers Holdings Inc., Washington Mutual and WorldCom Inc. [14] A new entity with the backing of the United States Treasury was formed to acquire profitable assets, under section 363 of the Bankruptcy Code, with the new company planning to issue an initial public ...
Peabody Energy announced today it had come to terms with Patriot Coal and the United Mine Workers of America to reach a settlement with retirees following the bankruptcy of Patriot. Patriot sought ...
Bankruptcy is a legal status involving court processes under U.S. Code: Title 11, better known as the Bankruptcy Code. It often requires the involvement of lawyers and may result in court orders ...
Cloud Peak Energy also has a 50% stake in the Decker Coal Company, which operates the Decker Mine in Montana. [3] According to The Guardian, Cloud Peak Energy Inc was responsible for 0.1% of global industrial greenhouse gas emissions from 1988-2015. [4] In May 2019, Cloud Peak Energy filed for bankruptcy. An analyst pointed to severe declines ...
Patriot Coal building in Creve Coeur, Missouri in June 2013. Patriot Coal Corporation was a coal-mining company based in St. Louis, Missouri in the United States. The company was a spin-off of most of the Eastern U.S. operations of Peabody Energy. Patriot was the second largest coal miner east of the Mississippi River. The company's operations ...