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coal bankruptcies

Alpha ‘duped’ shareholders with bankruptcy, emails show

June 10, 2016 by Environment & Energy News 8 Comments

Documents suggest $12 million executive bonuses “deal” was made as the company severed its union contract and went after retiree benefits.

Justice Department: Alpha planning ‘liquidation,’ not ‘reorganization’

May 12, 2016 by Environment & Energy News 1 Comment

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’.

Powder River Basin: Coal’s Western stronghold faces precarious future

April 14, 2016 by Environment & Energy News Leave a Comment

Communities in the Powder River Basin of Wyoming and Montana are facing stormy economic futures as coal, the the region’s dominant industry, suffers enormous losses due to global market forces.

Country’s largest mining company files for bankruptcy

April 13, 2016 by Environment & Energy News Leave a Comment

Peabody Energy Corp., the world's largest private-sector coal producer, and one of Wyoming’s largest producers, filed for Chapter 11 bankruptcy protection today, ending months of speculation about the company's future.

Arch Coal paid execs $8M in bonuses on eve of bankruptcy

March 22, 2016 by Environment & Energy News 14 Comments

Arch Coal Inc. paid its top executives more than $8 million in bonuses the business day before the company filed for bankruptcy in January, according to U.S. Bankruptcy Court for the Eastern District of Missouri filings published last week.
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