Skip to main content

Judge OKs sale of 3 James River Coal mines

By WTOP Staff

RICHMOND, Va. (AP) — A bankruptcy judge has approved the sale of three James River Coal Co. mining complexes to a subsidiary of Kentucky-based Blackhawk Mining LLC.

The sale includes the Hampden complex in West Virginia, including the assets of Logan & Kanawha Coal Co. LLC; the Hazard complex in Kentucky, excluding the assets of Laurel Mountain Resources LLC; and the Triad Mining complex in Indiana.

Blackhawk subsidiary JR Acquisition LLC will pay $20 million in cash and assume $32 million in liabilities.

The operations employ about 900 workers.

The Richmond Times-Dispatch (http://bit.ly/1tUdyKU ) reports that U.S. Bankruptcy Kevin R. Huennekens approved motions enabling James River to sell the mines on Tuesday. The company plans to complete the sale by the end of the week.

Richmond-based James River filed for Chapter 11 bankruptcy in April.

___

Information from: Richmond Times-Dispatch, http://www.timesdispatch.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
Read Next Story

Related News

Where to take the family while they visit DC

Step-by-step guide: How to make the perfect Thanksgiving pie

Rain could put a damper on D.C. fireworks show