2019-07-14 · With two of Wyoming’s largest coal mines closed pending Blackjewel LLC’s bankruptcy filings and approximately 600 laid-off workers warming the bench, legislators and state economists are contemplating the future of coal in Wyoming.

More than 300 miners in Harlan County unexpectedly found themselves unemployed when Blackjewel declared bankruptcy and shut down

Blackjewel holds the license to mine coal while Contura, a company created out of the 2015 bankruptcy of Alpha Natural Resources, holds the Wyoming state mine permits. The Blackjewel bankruptcy case has been ongoing since the summer of 2019 when Blackjewel, LLC abruptly collapsed, leaving over 2000 miners in … Read more on wvpublic.org. Bankruptcy; Mining; United States; Coal; Albany County (Wyo.) 2019-08-25 · “This Revelation/Blackjewel filing is the beginning of phase 2 of the coal bankruptcy cycle, and it’s going to be devastating,” said Peter Morgan, a Sierra Club senior attorney. An analysis of Blackjewel’s Appalachian mining permits found the company held 211 in Kentucky, 69 in Virginia, 12 in West Virginia, and two in Tennessee — more than 14,000 acres. In Wyoming, Blackjewel holds the license to mine coal in Wyoming while Contura, a company created out of the 2015 bankruptcy of Alpha Natural Resources, holds the state mine permits.

Blackjewel mining bankruptcy

Jul 30, 2019 Coal miners angry about a lack of pay during Blackjewel LLC's bankruptcy are preventing a train from leaving one of its Kentucky mines,

Learn about bankruptcy alternatives, personal bankruptcy and Chapter 7. Advertisement By: Jacob Silverman & Ed Grabianowski Fili Bankruptcy is a process designed to help a person or business discharge debts and get a financial fresh start. Learn the different types and how the system works.

2019-07-09 · When it filed for bankruptcy, Blackjewel owed the US Bureau of Land Management $60 million in unpaid royalties for coal mined on federal land. Rather than calling Hoops’s company to account, the BLM put the company on a payment plan that allowed it to continue mining—something that Hoops said was unthinkable for a private land company.

Bankruptcy is a legal process designed to help individuals and companies get Compare the three main types of bankruptcy for individuals: Chapters 7, 11 and 13. Find out which is right for you and weigh the alternatives. Finder is committed to editorial independence. While we receive compensation when you click links News, analysis and comment from the Financial Times, the worldʼs leading global business publication We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media If the process of filing a bankruptcy has left you wondering what all is involved, now's the time to learn.

2020-07-01 · On July 1, 2019, Blackjewel, run by then-CEO Jeff Hoops filed for Chapter 11 Bankruptcy protection. Blackjewel and its subsidiaries employed more than 1,100 people in Kentucky, Virginia and West 2021-03-19 · More than 300 miners in Harlan County unexpectedly found themselves unemployed when Blackjewel declared bankruptcy and shut down their mining operations. Credit: Scott Olson/Getty Images Related 2019-08-07 · On July 1, coal companies Blackjewel and Revelation Energy announced they were entering Chapter 11 bankruptcy.
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Growing Protest. Blackjewel workers have gone without pay since the end of June, when, miners said, paychecks bounced without warning amid a chaotic bankruptcy filing.Backjewel owes more than $11 It was another window on the continuing fallout from Blackjewel's massive bankruptcy in 2019.

Here you'll find overview articles explaining what bankruptcy is, the difference between Chapter 7 and Chapter 13 bankruptcy, how each type of Understanding bankruptcy can be complicated, we are here with understanding what bankruptcy is, when it makes sense to file for it and how to recover after. As seen in: How we make money: The Simple Dollar is an independent, advertising-sup Jul 16, 2019 In a legal memo to the council filed on July 1 — the day Blackjewel declared bankruptcy, the DEQ's lawyer said the bankruptcy was irrelevant to Jul 9, 2019 The Eagle Butte and Belle Ayr mines near Gillette closed and sent roughly 700 workers home after Blackjewel LLC filed for bankruptcy Aug 1, 2019 Cumberland, Ky. — It's day four of a protest by coal miners in Kentucky.
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2021-03-26 · Much of Blackjewel’s former coal empire in Virginia remains in disarray, even as a federal judge signed off on a bankruptcy settlement this week. More than two dozen Virginia mining permits controlled by the company are in limbo, with a handful unable to find a buyer and most of the remainder locked in a dispute between two companies that each claim the other is the owner.

By Katie Myers • Mar 22, 2021. Unreclaimed land on a West Virginia mine owned by Blackjewel affiliate Revelation Energy. Courtesy of the Kanawha Forest Coalition. The Blackjewel bankruptcy case has been ongoing since the summer of 2019 when Blackjewel, LLC abruptly collapsed, leaving over 2000 miners in Wyoming, 2021-03-23 · WHITESBURG, Ky. (OVR) -- The Blackjewel bankruptcy case has been ongoing since the summer of 2019 when Blackjewel, LLC abruptly collapsed, leaving over 2,000 miners in Wyoming, Kentucky and West Virgi 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. Coal producer Blackjewel LLC sought bankruptcy protection on Monday to buy time to reorganize or find a buyer, citing its inability to refinance debt and challenges such as rising black-lung costs A series of transactions would compensate Blackjewel workers including in Harlan County, Ky., who protested when they were left unpaid because of the company’s bankruptcy.

Now, Blackjewel’s parent company, Revelation Energy, is in the final stages of a case in bankruptcy court, looking to terminate the permits on its more than 500 surface mines. That raises a concern

The Corporate Ownership Statement names Lime Rock Partners Fund V as 62.5 percent owner and Blackjewel Trust owning 37.5 percent.

Last week, the U.S. Energy Information Agency “It Looks Like a Bomb Went Off”. Blackjewel has been trying, with some success, 2021-03-03 · The bankruptcy case involves several Blackjewel-affiliated companies, which are now also suing Hoops for alleged self-dealing.