Judge allows Contura to buy met mine as talks over PRB coal mines continue

摘要

A bankruptcy judge has approved a proposal to allow Contura Energy to purchase the Pax metallurgical coal mine from Blackjewel as negotiations with the federal government over two Powder River Basin thermal coal mines continues. Earlier this month, the company asked the US Bankruptcy Court for the Southern District of West Virginia to allow it to bifurcate its original $33.8 million winning bid for Blackjewel’s western thermal coal mines and an eastern metallurgical coal mine into two separate transactions. US Bankruptcy Judge Frank Volk approved the motion at a Wednesday hearing, pending receipt of a formal proposed order.