Bankrupt coal company Blackjewel has reached an agreement to transfer most of its mine permits to other companies, but the deal leaves open the potential for abandoning some permits, which could

2021-04-02 · Those workers are being told the company will operate as usual through the bankruptcy process, said the Blackjewel employee. For now, they’ll continue mining coal and hope they’ll keep getting

Contura sold the Wyoming mines to Blackjewel in 2017. Coal mining in Buchanan County, Virginia: As Blackjewel LLC goes through bankruptcy proceedings, employees reporting that work has halted and recent paychecks are bouncing are left with few answers. 2019-08-09 · Knoxville company to take over Kentucky mines after Blackjewel bankruptcy, Harlan miners to be paid "We are committed to bring as many people back to work as quickly as possible." 2019-08-15 · Blackjewel has a line of credit and term loan with United Bank, upon which it owes $5 million and $1 million respectively. An equipment loan from Fifth Third Bank landed Blackjewel in court with the bank. Upon petitioning for bankruptcy, Blackjewel said it owed $7,342,828.88 to the bank in the judgment in that lawsuit and in prejudgment interest.

Blackjewel mining bankruptcy

He said Blackjewel’s bankruptcy has been unusually chaotic. “How do you get this far behind on your payments with $100,000 in the bank and not think you’re getting close to bankruptcy?” he asked. At the Saturday hearing, Blackjewel’s lawyers told the court that without another infusion of cash, it can’t pay its Appalachian employees. 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.

(4745); Revelation Energy Holdings, bankruptcy Beshear Blackjewel Mining coal miners Gov. Bevin Jeff Hoops Kentucky coal West Virginia Workers. Top Stories. Why The World Says Breonna Taylor’s Name.

The recent bankruptcy declaration of coal giant Blackjewel, LLC and its affiliates, which has left some 1,800 workers unemployed and owed unpaid back wages, is a case study in gross incompetence

Photo by Matt Wasson. Updated July 29, 2019 to update mine permit table, permit estimates and acreage estimates. On July 1, Blackjewel and Revelation Energy announced the companies were entering Chapter 11 bankruptcy. 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.

If you're having debt management problems, did you know there were several types of bankruptcy available to take advantage of? Some are meant for businesses while others were meant for personal If you’re having debt management problems,

A federal judge is 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 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 Virginia without their jobs, their benefits, or their final paychecks. A federal bankruptcy judge in West Virginia could soon decide whether to allow the Blackjewel coal mining company, once the nation’s sixth-largest coal producer, to shed responsibility for Blackjewel’s Bankruptcy Filing Is a Harbinger of Trouble Ahead for the Plummeting Coal Industry The company wants to walk away from almost 200 mining permits in four states, potentially leaving Bankrupt coal company Blackjewel has reached an agreement to transfer most of its mine permits to other companies, but the deal leaves open the potential for abandoning some permits, which could CHARLESTON, WVa. — A federal bankruptcy judge has denied a petition from former Blackjewel coal executive Jeff Hoops to liquidate the company.

Blackjewel’s Bankruptcy Filing Is a Harbinger of Trouble Ahead for the Plummeting Coal Industry An Industry in Free Fall. The news just gets worse for the coal industry. 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. Hoops has denied the accusations, according to the Wall Street Journal. The recent bankruptcy declaration of coal giant Blackjewel, LLC and its affiliates, which has left some 1,800 workers unemployed and owed unpaid back wages, is a case study in gross incompetence 2019-07-10 · Blackjewel’s bankruptcy looks like bad news for workers and mine cleanup. An Eastern Kentucky coal mine.
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“How do you get this far behind on your payments with $100,000 in the bank and not think you’re getting close to bankruptcy?” he asked. At the Saturday hearing, Blackjewel’s lawyers told the court that without another infusion of cash, it can’t pay its Appalachian employees.

Hundreds of non-union workers have been left with no severance or health benefits. A 2019-07-22 · According to the bankruptcy filing, Blackjewel mining has at least $500m owed in liabilities.
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Jul 22, 2020 Within days, hundreds of Blackjewel miners in the Powder River Basin and Appalachia reported money “disappearing” from their bank accounts

The order was signed this morning by Blackjewel President and CEO Jeff Hoops. The Corporate Ownership Statement names Lime Rock Partners Fund V as 62.5 percent owner and Blackjewel Trust owning 37.5 percent. Knoxville company to take over Kentucky mines after Blackjewel bankruptcy, Harlan miners to be paid Tenn. — Kopper Glo Mining, LLC will take over and begin to operate the Black Mountain and At the time Blackjewel filed for bankruptcy, it also had failed to pay the state of Wyoming $11.6 million in taxes. Campbell County, where Blackjewel’s two Wyoming mines operated, also awaited tens