Contura Energy

Led by production from its Powder River Basin, Wyoming produces 40 percent of U.S. coal.
U.S. Geological Survey

A U.S. bankruptcy court has ruled that a coal company may sell two large Wyoming mines separately from one in West Virginia.

Bristol, Tennessee-based Contura Energy originally sought to buy all three mines from Milton, West Virginia-based Blackjewel in a deal held up while U.S. officials seek payment of federal royalties.
Contura would have paid $9.7 million for the Belle Ayr and Eagle Butte mines in Wyoming and Pax Surface Mine in West Virginia.

Blackjewel coal mine
Mead Gruver / AP Photo

 

A federal bankruptcy judge has approved a plan by West Virginia-based Blackjewel LLC to begin the sale of its coal mines and other assets. 

At the heart of the proposal, Tennessee-based Contura Energy Inc. will be the “Stalking Horse Purchaser,” or initial bidder, for three of Blackjewel’s surface mines. 

Led by production from its Powder River Basin, Wyoming produces 40 percent of U.S. coal.
U.S. Geological Survey

A buyer for some of bankrupt coal company Blackjewel’s mines has emerged. 

In a court filing Thursday, July 25, the West Virginia-based company said Contura Energy Inc., which operates both surface and underground coal mines across Appalachia, had agreed to be a “Stalking Horse Purchaser” or initial bidder for three of the company’s surface mines.