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Pinnacle Mining files for Chapter 11 bankruptcy protection

Coal News - Published on Thu, 18 Oct 2018

Image Source: WOAY
WVNS reported that the Pinnacle Mining Company, LLC is one of several companies which have filed for Chapter 11 bankruptcy protection. The documents were filed on, Oct. 14, 2018 in the Northern District of Alabama. According to court records, several companies have asked for joint administration of their cases.

Those include the following:
Mission Coal Company, LLC
Beard Pinnacle, LLC
Oak Grove Land Company, LLC
Oak Grove Resources, LLC
Pinnacle Land Company, LLC
Pinnacle Mining Company, LLC
Seminole Alabama Mining Complex, LLC
Seminole Coal Resources, LLC
Seminole West Virginia Mining Complex, LLC
Seneca Coal Resources, LLC
Seneca North American Coal, LLC

The bankruptcy document shows those who hold the largest unsecured claims. Among those listed as the top 50 creditor are Trustees of the UMWA Pension & Benefit, Bluestone Coal Corporation and even the Sheriff of Wyoming County.

A potential deal to buy the Pinnacle Mine fell though in early October 2018. Gov. Jim Justice (R-WV) released a statement regarding the closure of the mine on Friday, Oct. 12, 2018.

Source :

Posted By : Rabi Wangkhem on Thu, 18 Oct 2018
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