Wyoming coal company Peabody Energy files bankruptcy
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Posted inEconomy
Laid off coal miners on their own after fueling Wyo economy for decades
GILLETTE — Rumors about the coal industry are common in northeast Wyoming where strip mining provides 5,000 direct jobs and supports about three times that in the mine services sector. But when Arch Coal filed for Chapter 11 bankruptcy in January, Robert Frieze, who works at Arch’s Coal Creek mine, realized that talk of layoffs […]
Posted inColumns/Blogs
Black Thursday: Layoffs hit 500 Wyoming coal miners
Peabody Energy cut 235 miners, and Arch Coal cut 230 miners on Thursday morning. The reductions represent about 15 percent of each company’s Wyoming workforce.
Posted inenergy, Energy Report, Natural Resources, Policy, Power to the People
Landowner group claims Peabody’s $790M ‘self-bond’ invalid
A citizens’ complaint filed Monday asks the Wyoming Department of Environmental Quality to deem Peabody Energy is not in compliance for some $790 million in coal mine reclamation liability.
Posted inenergy, Energy Report, Environment, Power to the People
State strikes deal to secure 18.5% of Arch’s bond obligation
Wyoming struck a deal with bankrupt miner Arch Coal, hoping to secure $17 million in collateral and $75 million in creditor priority on the company’s $485 million reclamation bonding obligation.
