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Some 1,700 employees of a bankrupt coal mining company would get up to 17. 3 million in back pay under a proposed class-action settlement. Ned Pillersdorf is an attorney for the former employees.Free quote
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Sep 17, 2020018332The company said in a statement that it has completed the sale of its assets to an entity formed by former creditors. The new company, St. Clairsville, Ohio-based American Consolidated Natural Resources Inc., is the largest privately owned U.S. coal operator with active mines in Alabama, Kentucky, Ohio, West Virginia and Utah, the statement said.
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The company has failed to produce coal from either of its Illawarra collieries at Russell Vale and Wongawilli in more than 15 months and has a negative equity of 687 million.
New Challenges for Illinois mining. Amid already challenging market conditions, in early 2019, historic floods caused by a so-called bomb cyclone battered the Rockies with snow and the Midwest with rain, impeding Illinois-operating coal companies ability to move their product along the Mississippi river.
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Oct 22, 2020018332CHARLESTON, WV WOWK Arch Resources, formerly Arch Coal, announced their third-quarter results Thursday morning. The company will be accelerating their thermal coal exit trend. The second-largest coal company in the United States said, a careful and well-communicated exit strategy is the most responsible way forward for the thermal coal industry.
Yanzhou Coal Mining Company Limited HKG1171 Just Reported, And Analysts Assigned A CN1656.85 Price Target Shareholders of Yanzhou Coal Mining Company Limited.
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