site stats

Blackjewel coal bankruptcy

WebMar 31, 2024 · The July 2024 bankruptcy of Blackjewel LLC, its parent company Revelation Energy, and a suite of affiliated coal mining companies has truly been a disaster. Workers went unpaid for months. Continuous violations of the Clean Water Act and the Surface Mining Control and Reclamation Act remain a problem. WebJan 7, 2024 · Former Blackjewel CEO Jeffery Hoops and businesses owned by him or his family seek at least $24.5 million from the estate of the coal company he was ousted from after it crashed into bankruptcy. The claims made on the Blackjewel bankruptcy come while other parties — including Wyoming miners, Campbell County and independent …

One year after Blackjewel declared bankruptcy, employees

WebThe Blackjewel coal mining company can walk away from cleaning up and reclaiming coal mines covered by more than 30 permits in Kentucky under a liquidation agreement that was reached Friday... WebOct 29, 2024 · The coal giant filed for bankruptcy to restructure $2.7 billion in debt, with a group of lenders providing a $350 million loan to keep mines operating while the company is reorganized. Part of that reorganization is the replacement of CEO Robert Murray, a prolific political donor and supporter of President Donald Trump who railed against ... flint officer funeral https://oahuhandyworks.com

Delays, pollution and financial hurdles plague Blackjewel mines

WebJul 1, 2024 · After much back and forth over the past year, the debtors' estate-previously Blackjewel-will continue to carry out the bankruptcy as a Chapter 11. In other words, it will continue to be a point-by-point reorganization rather than a speedy liquidation. Debtors have until July 27 to file a Chapter 11 plan to exit bankruptcy. It's a 91 day extension. WebMay 18, 2024 · Map: Colors indicate different former Blackjewel and Revelation mine permits that have been sold. Kentucky and Virginia contents displayed in this map are the result of these filings: Docket 1, Docket 2, Docket 3.Note that bankruptcy court is always evolving and the information in this map could be subject to change or become outdated, … WebMar 20, 2024 · The Blackjewel coal mining company can walk away from cleaning up and reclaiming coal mines covered by more than 30 permits in Kentucky under a liquidation … flintoff recovery

A Year Later: The Blackjewel Bankruptcy Wyoming Public Media

Category:Blackjewel’s Bankruptcy Filing Is a Harbinger of Trouble Ahead for …

Tags:Blackjewel coal bankruptcy

Blackjewel coal bankruptcy

“Bloody Harlan” Revisited: Blackjewel Miners Draw On Labor …

WebBlackjewel is the sixth coal producer in Wyoming to file for bankruptcy in recent years. Bristol, Tennessee-based Alpha Natural Resources filed for bankruptcy in 2015, followed by Peabody Energy ... WebIn an event that shocked the nation, coal firm Blackjewel filed for Chapter 11 bankruptcy in July 2024 and abruptly shut down some of the largest mines in the world.

Blackjewel coal bankruptcy

Did you know?

WebOct 23, 2024 · Blackjewel was the latest of a helf-dozen mining companies in the Powder River Basin to seek bankruptcy protection since 2015. On Friday, a subsidiary of Jasper, Alabama-based FM Coal closed on a deal to buy Blackjewel’s Eagle Butte and Belle Ayr mines. Managers offered Orchard, who worked at Belle Ayr, a 4% raise to return to his … WebOct 8, 2024 · Casper, Wyo. — The federal government began a fraud investigation into coal company Blackjewel LLC prior to the company’s sale last week of two Wyoming coal mines, according to court documents. The document filed Saturday indicates the investigation also preceded Blackjewel’s July bankruptcy filing, The Casper Star …

WebJul 1, 2024 · Employees at the Dread Butte and Knockout Airy mines approached to works more custom on an Monday, Jump 1, 2024-a period ago available. Soon after how, miners were… WebOct 31, 2024 · Blackjewel will pay $5.1 million to cover back wages owed to miners in three states: Kentucky, Virginia and West Virginia. It will be divided by $1.99 million to be paid out to miners in Kentucky ...

WebMar 19, 2024 · Blackjewel gets approval to drop millions in cleanup costs at dozens of coal mines on taxpayers; millions more likely within the year Decision should be a wakeup call … WebLaw360 (March 19, 2024, 6:42 PM EDT) -- A federal bankruptcy judge on Friday gave coal miner Blackjewel LLC the go-ahead to abandon cleanup obligations at 33 coal mines it …

WebAug 15, 2024 · Blackjewel also owes money to two commodity traders: Javelin Global Commodities and Uniper SE. Each company paid $5 million to Blackjewel in prepayment for 176,000 short tons of coal. As of Blackjewel’s bankruptcy petition, Javelin’s prepayment amount had been reduced to $1,791,678 and Uniper’s prepayment amount …

WebOn July 29, coal miners in Cumberland, Kentucky began blocking a train carrying more than $1 million worth of coal to protest their former employer, Blackjewel LLC, which declared bankruptcy on July 1. According to CNN, the company wrote bad checks to 350 miners in Harlan County alone, prompting the workers to stage the protest to demand their ... greater panathenaiaWebOct 7, 2024 · Blackjewel and Contura found a new buyer for the Eagle Butte and Belle Ayr coal mines in a deal that shorts state and county coffers but may mark the beginning of the end of a turbulent bankruptcy ... greater panama city areaWebMar 22, 2024 · March 22, 2024. The Blackjewel bankruptcy case has been ongoing since the summer of 2024 when Blackjewel, LLC abruptly collapsed, leaving over … flint officerWebBlackjewel filed for bankruptcy on July 1, 2024. The company was the country’s sixth-largest coal producer in 2024, according to federal data. David Crigger/BHC A large pile … flintoff injuriesWebSep 18, 2024 · On Sept. 10 and 11, a bankruptcy court held a hearing on the status of Blackjewel’s coal mining permits and environmental violations. More than 15 months after seeking bankruptcy protection ... greater pancreatic arteryWebJul 1, 2024 · On July 1, 2024, 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 ... flint offset packaging solutionsWebJul 5, 2024 · The Powder River Basin Resource Council, a Sheridan-based advocacy group, has been a vocal and legal opponent of Blackjewel since it took over the Wyoming mines from Contura Coal West, itself a ... flintoff injured