Two fallen Wyoming coal mining companies are tossed about in a feud between multinational consultants, while miners and municipalities scramble for scraps
Alpha Natural Resources
Sale of Eagle Butte and Belle Ayr coal mines to the unproven Blackjewel LLC. underscores the need to protect taxpayers from reclamation costs.
Trump, surrounded by miners, lifted a moratorium on federal coal leasing Tuesday
Documents suggest $12 million executive bonuses “deal” was made as the company severed its union contract and went after retiree benefits.
Justice Department lawyers claim that plans revealed in Alpha Natural Resources bankruptcy proceedings show the company is headed for a Chapter 7 ‘liquidation’ not a Chapter 11 ‘reorganization’.