Paringa's US operation files for Chapter 11

摘要

US-Australian coal producer Paringa Resources plans to sell its Buck Creek mining complex in Kentucky, as its US subsidiary files for Chapter 11 bankruptcy court protection. Paringa subsidiary and Illinois basin producer Hartshorne Mining Group filed for Chapter 11 yesterday in the US Bankruptcy Court for the Western District of Kentucky. “Despite our best efforts and progress, operational and technical challenges continue to prevent us from achieving anticipated volumes,” Paringa said.