- Two of the biggest U.S. coal mines have been sold, raising the possibility that hundreds of miners in Wyoming could return to work almost four months after the owner of the mines filed for bankruptcy protection. Tennessee-based Contura Energy announced Monday that Blackjewel closed Friday on the sale of the Eagle Butte and Belle Ayr mines to a subsidiary of Alabama-based FM Coal. Contura, which owned the mines before selling them to Blackjewel in 2017, participated in the deal as the mines’ permit holder. West Virginia-based Blackjewel furloughed over 500 employees in Wyoming when it filed for bankruptcy July 1. “The completion of this sale marks the end (of) what has undoubtedly been an arduous sale process with exceptional results,” Beckman said.

Source: thestar October 21, 2019 19:14 UTC