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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]
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.
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 Arch Coal. [6] [9] When Arch Coal filed for bankruptcy protection, the price of coal had dropped 50% since 2011 [10] and it was $4.5 billion in debt.
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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 ...
Families who have sued Alex Jones over his false claims about the Sandy Hook massacre have resolved their disputes on how to divide the bankrupt conspiracy theorist's assets, clearing the way for ...
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]
Neighbors who lived within a 3-mile radius of the June 14, 2021, Chemtool industrial fire in Rockton have reached a $94.5 million preliminary settlement with the company.