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Patriot Coal, the owner of the mine at the time, announced its bankruptcy in 2012, resulting in the loss of health benefits for the miners. [4] The company cited competition from natural gas, a weak economy, and regulations as the main factors of their bankruptcy. Patriot obtained bankruptcy financing and advice in order to survive. [13]
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 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 ...
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 ...
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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]
A federal bankruptcy judge has approved the terms of a $20 million settlement that will benefit former Bitwise Industries employees who abruptly lost their jobs when the Fresno-based technology ...
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 ...