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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]
On May 12, 2015, Patriot Coal Corporation and its wholly owned subsidiaries filed voluntary petitions for restructuring under Chapter 11. [14] In October 2015, Lexington, KY-based Blackhawk Mining, LLC, purchased most of the assets of Patriot Coal out of bankruptcy. The value of the transaction was approximately $1 billion.
Arch Coal has removed an asset from its portfolio. The company announced that it has sold its Hazard unit to privately held Blackhawk Mining for $26.3 million in cash. The subsidiary's core asset ...
Companies in industries like coal and hemp have also had high-profile bankruptcies in recent years. AppHarvest becomes latest Kentucky company to file for bankruptcy. A look at others
Patriot Coal (PCXCQ) is using bankruptcy protection to get its house in order. Now that it's getting ready to exit that protective cushion, its competitors and partners are breathing a little easier.
In 2015, four publicly traded U.S. coal companies filed for Chapter 11 bankruptcy protection, including Patriot Coal Corporation, Walter Energy, and the fourth-largest Alpha Natural Resources. By January 2016, more than 25% of coal production was in bankruptcy in the United States [6] including the top two producers Peabody Energy [7] [8] and ...
The Eagle Butte mine is a coal mine located 7 miles (11 km) north of Gillette, Wyoming in the United States in the coal-rich Powder River Basin.The mine is an open pit, "truck and shovel", mine producing a low-sulfur, sub-bituminous coal from the Roland and Smith seams that is used for domestic energy generation.