Posts Tagged ‘coal bankruptcy’
Virginians brace for the fallout from Westmoreland Coal’s bankruptcy
Westmoreland Coal’s bankruptcy puts health benefits for 500 Virginians and pensions for 7,000 former Virginia miners in jeopardy. A bill proposed in the Senate would protect these benefits — and also shore up the Black Lung Disability Trust Fund.
Read MoreWestmoreland Coal’s Appalachian connection
In October 2018, the oldest coal company in the United States filed for Chapter 11 bankruptcy. While now largely operating in the western United States, Westmoreland has many ties to Southwest Virginia.
Read MoreAlpha Natural Resources to Exit Bankruptcy
Alpha Natural Resources won approval to emerge from bankruptcy. The plan rests on the transfer of Alpha’s core coal assets to new company, Contura Energy, Inc.
Read MoreBankrupt Coal Companies Dodge Liabilities and Distribute Bonuses
Three major U.S. coal companies have filed bankruptcy and are grappling with their liabilities to restore sites after mining and their obligations to employees, past and present.
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