Author: Beth
Page: 140
CITIZENS SUPPORTING WYOMING COAL OIL AND GAS <——Click Here To Go The Petition
JUDGE SAYS – NO FINAL RULING TODAY ON BLACKJEWEL’S MOTION TO COMMENCE WITH THE SALE OF THREE MINES RECENTLY CLOSED DUE TO BANKRUPTCY – IT’LL BE TOMORROW MORNING – DEBTOR’S SAY TIME IS OF THE ESSENCE, THEY RUN OUT OF MONEY AT THE END OF BUSINESS TODAY – JUDGE MAKES IT OFFCIAL, COURT ADJOURNED TILL […]
A bankruptcy judge today in West Virginia approved a motion on behalf of Blackjewel, Llc. It was an, ‘Emergency Motion For an Order Authorizing Debtors to Obtain Interim Junior, Postpetition Financing From New DIP Lenders.’ Blackjewel secured a short-term loan in the amount of $2,900,000 from two lenders, Highbridge Capital & Management, LLC and (ii) […]
Company Discusses Permit Holder Obligations for Powder River Basin Mines
The emergency hearing also comes on a day when Black Jewel employees learned their health-care and medical coverage had been dropped with medical facilities refusing Black Jewel employee’s insurance and demanding payment for medical services in cash. The court is now in recess for thirty minutes as the issue of which creditors will be given […]
In a joint letter to the bankruptcy court handling the Chapter 11 proceedings of Black Jewel, LLC, The Attorneys General of Virginia and Kentucky pleaded with the Hon. Matthew J. Hayes to provide relief for hundreds of miners and their families facing catastrophe after Black Jewel abruptly filed for bankruptcy two weeks ago. The checks […]
