Showing 01 - 12 of 139 Results

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Polish coal mining swings to profit on prices, restructuring

Aug 22, 2017· Polish coal mining swings to profit on prices, restructuring. in the first half of the year compared to a 800 million zlotys loss a year earlier amid higher coal prices and restructuring, data

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Restructuring — Westmoreland Mining LLC

On October 9, 2018, Westmoreland Coal Company entered into a restructuring support agreement (“RSA”) with holders of approximately 76.1% of its term loan, approximately 57.9% of its senior secured notes, and approximately 79.1% of its bridge loan (collectively, the “Ad Hoc Group”).

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Blackhawk Mining’s Restructuring Global Legal Chronicle

The debtor-in-possession financing facilities include $50 million of new money financing from the prepetition first-lien lenders party to the restructuring support agreement that will be converted into an exit facility. Blackhawk is a privately owned coal mining and marketing company headquartered in Lexington, Kentucky.

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Coal mining industry restructuring in Poland: implications

The Polish mining industry suffers from substantial excess capacity, both with respect to plant and labour. The delay in achieving profitability is mainly caused by social problems that are connected with the reduction of the labour force. Coal deposits and coal mines are located in one small region of Poland.

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Economic and social aspects of restructuring Polish coal

Coal will remain the main component of the Polish energy mix in the coming years. This must, however, be Polish coal owing to the energy safety policy and is dependent on the effectiveness of the mining industry’s restructuring program.

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Coal left Appalachia devastated. Now it’s doing the same

Jul 09, 2019· Last Monday, the country’s sixth-largest coal producer, the mining company Blackjewel LLC Arch Coal, and Alpha Natural Resources — declared Chapter 11 and underwent restructuring

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UK Coal Wikipedia

UK Coal Production Ltd, formerly UK Coal plc, was the largest coal mining business in the United Kingdom. The company was based in Harworth, in Nottinghamshire.The company was a constituent of the FTSE 250 Index.The successor company that contains the former property division, Harworth Group is still listed on the London Stock Exchange.

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Met coal producer Blackhawk Mining filing for a bankruptcy

After the restructuring, the company projects its pro forma leverage will be less than 2.0X debt-to-EBITDA and in line with its industry peers. Blackhawk has sufficient liquidity to continue normal mining operations and to meet current obligations, the company's news release said.

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Blackhawk Mining’s Restructuring Global Legal Chronicle

The debtor-in-possession financing facilities include $50 million of new money financing from the prepetition first-lien lenders party to the restructuring support agreement that will be converted into an exit facility. Blackhawk is a privately owned coal mining and marketing company headquartered in Lexington, Kentucky.

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Westmoreland Emerges from Chapter 11 — Westmoreland Mining

Mar 15, 2019· Through its plan of reorganization, the Company effectuated the sale of substantially all of their assets to a new entity, Westmoreland Mining LLC (“Westmoreland Mining”), created and controlled by the Company’s former first lien creditors that enabled the business to emerge from the restructuring process with enhanced financial

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Met coal producer Blackhawk Mining filing for a bankruptcy

After the restructuring, the company projects its pro forma leverage will be less than 2.0X debt-to-EBITDA and in line with its industry peers. Blackhawk has sufficient liquidity to continue normal mining operations and to meet current obligations, the company's news release said.

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Coal Bankruptcies Continue With Blackhawk Filing CFO

Jul 22, 2019· Blackhawk operates 25 active mines at ten different mining complexes in Kentucky, West Virginia, and Indiana that produce metallurgical and thermal coal. The company said it had reached an agreement with more than 90% of its lenders on a financial restructuring that will be implemented through the Chapter 11 process.

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Coal mining title deed covenants and legal requirements

Coal mining title deed covenants and legal requirements As of the Coal Industry Act 1994 these covenants were passed to the Coal Authority through restructuring schemes.

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Mining Giant Murray Energy Files for Chapter 11 Bankruptcy

Oct 29, 2019· (CN) Despite receiving a slew of regulatory breaks from the Trump administration, U.S. coal mining giant Murray Energy filed for Chapter 11 protection Tuesday in a U.S. Bankruptcy Court in Columbus, Ohio. Steam pours out of a coal-fired electricity

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Exxaro to start coal mine restructure in Q4, advances BEE

Jun 26, 2017· EXXARO Resources said its coal mines registered a solid performance in the first half of its financial year lifting production 4.7%, but it would nonetheless press ahead with a portfolio restructuring in the fourth quarter. The group, which was commenting in its finance director’s pre-closed interim message ended June 30, also said it had made []

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Polish coal mining swings to profit on prices

Aug 22, 2017· Polish coal mining swings to profit on prices, restructuring PAP. 2 Min Read. WARSAW, Aug 22 (Reuters) Net profit at Polish coal mines stood at

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Difficult restructuring of coal mining continues Eurofound

In 2003, trade unions representing Polish coal miners have been protesting against mine closures and a World Bank loan to the government to finance the latest stage in the restructuring of the industry, which has been progressing since 1989. Cutting coal production and employment in the sector has been one of the most difficult and costly aspects of Poland's economic transformation and, while

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UK Coal completes restructure Financial Times

Dec 10, 2012· UK Coal had given its deep pits “a fighting chance of survival” after a restructuring that avoided certain receivership in the next few months, its chairman said. Jonson Cox said splitting the

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Carmichael coal mega-mine 'unviable' after Adani restructure

A controversial coal mine in Queensland, Australia, is commercially unviable after a restructuring of owners Adani, analysts say. The US$16.5 billion Carmichael venture, set to be the country’s largest mine, is unlikely to attract finance since the Indian conglomerate split its mining operations

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Restructuring the Chinese coal sector and its impact on

Oct 19, 2017· The Chinese NDRC is restructuring the domestic coal sector to improve its competitiveness. It plans to close smaller, less competitive mines and to replace the volume with larger, more efficient mines.

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Arch Coal files for bankruptcy, hit by mining downturn

Jan 11, 2016· Arch Coal, the second-largest U.S. coal miner, filed for Chapter 11 bankruptcy protection on Monday with a plan to cut $4.5 billion in debt from its balance sheet in the midst of a prolonged

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Kentucky Bankruptcy Court Holds That Coal Mining Lease is

Jul 20, 2015· Manalapan Mining Company and its related debtor, Left Fork Mining Company, were both lessees to coal mining leases in Kentucky with the same lessor. After the debtors filed for bankruptcy protection, they sought court approval pursuant to section 363 of the Bankruptcy Code to transfer their respective leases free and clear of all liens.

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Carmichael coal mega-mine 'unviable' after Adani restructure

A controversial coal mine in Queensland, Australia, is commercially unviable after a restructuring of owners Adani, analysts say. The US$16.5 billion Carmichael venture, set to be the country’s largest mine, is unlikely to attract finance since the Indian conglomerate split its mining operations

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Restructuring the Chinese coal sector and its impact on

Oct 19, 2017· The Chinese NDRC is restructuring the domestic coal sector to improve its competitiveness. It plans to close smaller, less competitive mines and to replace the volume with larger, more efficient mines.

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Arch Coal files for bankruptcy, hit by mining downturn

Jan 11, 2016· Arch Coal, the second-largest U.S. coal miner, filed for Chapter 11 bankruptcy protection on Monday with a plan to cut $4.5 billion in debt from its balance sheet in the midst of a prolonged

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Kentucky Bankruptcy Court Holds That Coal Mining Lease is

Jul 20, 2015· Manalapan Mining Company and its related debtor, Left Fork Mining Company, were both lessees to coal mining leases in Kentucky with the same lessor. After the debtors filed for bankruptcy protection, they sought court approval pursuant to section 363 of the Bankruptcy Code to transfer their respective leases free and clear of all liens.

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Blackhawk Mining Restructuring will Make Them Stronger

Jul 19, 2019· Blackhawk Mining is restructuring its debt with creditors to keep the company in operation and with more flexibility. Gas Explosion Traps 8 in Coal Mine

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UK Coal announces restructuring, saves 2,000 jobs NS Energy

UK Coal has announced a restructuring plan for its mining operations, a move which will save 2,000 jobs, as it entered into administration following a major fire that closed its Daw Mill deep mine

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Restructuring Services DLA Piper Global Law Firm

UK Coal Advising on the high profile and complex debt and capital restructuring of UK Coal Group. The mining and investment property operations of the Group are being separated with the objective of providing a sustainable platform to enable coal production to continue, as well as maximising value from the property portfolio.

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Coal Reclamation Improving Land after Surface Mining

Coal Reclamation. Coal mine reclamation is the rehabilitation of land after coal mining operations have stopped. It is a requirement of the Surface Mining Control and Reclamation Act (SMCRA) of 1977. SMCRA created two programs: one for regulating active coal mines and one for reclaiming abandoned mine

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A guide of Murray Energy bankruptcy News, Sports, Jobs

Oct 30, 2019· Under the restructuring agreement, Murray NewCo. will serve as a “stalking horse bidder Murray Energy is the nation’s largest underground coal mining operation. It produces about 76

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Two Wyoming coal mines close, send 700 workers home after

Jul 01, 2019· Two coal mines in Wyoming closed and sent 700 workers home Monday afternoon after their owner filed for bankruptcy, the latest blow to a region that

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The Commission clarifies the rules concerning aid to coal

May 15, 2004· The aid scheme is designed to support Spanish coal-mining companies while the restructuring of the coal sector continues. According to the plan, coal-mining companies would receive aid for the reduction of activity, aid for accessing coal reserves and/or aid to cover exceptional costs arising from the restructuring.

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China tries cure by committee for corporate debt hangover

Mar 08, 2017· A $1.44 billion restructuring deal at an insolvent coal mining company in eastern Shandong province offers a glimpse into how China is preparing

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The Transformation of the Polish Coal Sector

The Transformation of the Polish Coal Sector Introduction The restructuring of the coal mining sector in Poland is directly linked with the general political and economic reforms that started in 1989. The closing of the least profitable collieries, reduction of coal production and

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Cloud Peak Energy — Energy to Power the Country

Cloud Peak Energy Inc. (OTC:CLDP) was formerly one of the largest U.S. coal producers and the only pure-play Powder River Basin (PRB) coal company. As of December 31, 2018, the Company owned and operated three surface coal mines in the PRB: the Antelope and Cordero Rojo mines in Wyoming, and the Spring Creek Mine in Montana.

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The Commission clarifies the rules concerning aid to coal

May 15, 2004· The aid scheme is designed to support Spanish coal-mining companies while the restructuring of the coal sector continues. According to the plan, coal-mining companies would receive aid for the reduction of activity, aid for accessing coal reserves and/or aid to cover exceptional costs arising from the restructuring.

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China tries cure by committee for corporate debt hangover

Mar 08, 2017· A $1.44 billion restructuring deal at an insolvent coal mining company in eastern Shandong province offers a glimpse into how China is preparing

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The Transformation of the Polish Coal Sector

The Transformation of the Polish Coal Sector Introduction The restructuring of the coal mining sector in Poland is directly linked with the general political and economic reforms that started in 1989. The closing of the least profitable collieries, reduction of coal production and

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Coal mining industry restructuring in Poland, Applied

Coal mining industry restructuring in Poland Coal mining industry restructuring in Poland Blaschke, Wies l ̵ aw; Gawlik, Lidia 1999-09-01 00:00:00 The paper describes the efforts to improve the profitability of the Polish hard-coal industry. The experience of seven years of restructuring programmes shows that the industry has to reduce the number of existing coal mines.

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Patriot Coal Wikipedia

On May 12, 2015, Patriot Coal Corporation and its wholly owned subsidiaries filed voluntary petitions for restructuring under Chapter 11. In October 2015, Lexington, KY-based Blackhawk Mining, LLC, purchased most of the assets of Patriot Coal out of bankruptcy. The value of the transaction was approximately $1 billion.

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Agenda Indonesia Coal Mining IBC Asia

How will coal trade evolve Post-election mining regulation in Indonesia DMO evolution Local operational issues for the industry; Kurnia Ariawan, Chief Executive Officer, Kideco, Indonesia. 10:10 Coal Pricing Panel Identifying and Responding to Market Restructuring and Changing Trade Flows

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Economic restructuring of the coal mining regions CEPCONSULT

An analytical study titled “Photovoltaic Generation: New Opportunities for Coal Mining Regions, that are in the process of curtailing production”, published by the Joint Research Center of the European Commission (JRC), identifies the prospects for deploying solar power plants in the EU coal mining regions in the process of decommissioning coal mines and power plants.

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Blackhawk Files Chapter 11, Joins List of Bankrupt Coal

Jul 19, 2019· Blackhawk Mining LLC filed for Chapter 11 court protection in Delaware, adding to a growing list of bankrupt coal miners. Blackhawk has about 2,800 employees, mostly in

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Cloud Peak Energy — Energy to Power the Country

Cloud Peak Energy Inc. (OTC:CLDP) was formerly one of the largest U.S. coal producers and the only pure-play Powder River Basin (PRB) coal company. As of December 31, 2018, the Company owned and operated three surface coal mines in the PRB: the Antelope and Cordero Rojo mines in Wyoming, and the Spring Creek Mine in Montana.

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Murray Energy Holdings Co. Enters Into Restructuring

Oct 29, 2019· Murray Energy Holdings Co. Enters Into Restructuring Support Agreement With Members of Ad Hoc Lender Group and Files Chapter 11 to

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ORGANIZED LABOR AND RESTRUCTURING: COAL MINES

ORGANIZED LABOR AND RESTRUCTURING: COAL MINES IN THE CZECH REPUBLIC AND ROMANIA Jan Bruha, Delia Ionascu, and Byeongju Jeong* CERGE-EI POB 882, Politickych veznu 7 111 21 Prague 1 Czech Republic [email protected] December 2003 ABSTRACT We conduct a case study of organized labor in the restructuring experience of two coal

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PROSPECTS OF UKRAINIAN COAL INDUSTRY DEVELOPMENT

improve the effectiveness of prospective coal mining enterprises using their own finances, state budget assistance and other financing sources. In Ukraine the main and single recently used restructuring direction was that of mining enterprise closing. In some regions where coal mining enterprises are responsible foe city

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THE HIDDEN BILL FOR COAL 2017

Restructuring the hard coal mining industry (subsidies and cancellation of debt owed to the state, including debt related to the payment of social security contributions and environmental levies). 2. Subsidies to pensions and social security benefits for miners. 3. Impact of subsidies for mining industry on the economic efficiency of the coal

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Top US private coal miner Murray Energy files mining

Oct 29, 2019· The Ohio-based miner, the eighth coal company to go under over the past year, said it had reached a restructuring agreement with lenders to restructure more than $2.7 billion of debt.