blackjewel

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Prime Clerk

It's been two days since Blackjewel LLC abruptly filed for Chapter 11 bankruptcy and locked the gates at its two Wyoming mines. It turned out the West Virginia private company was in a more financially dire situation than many knew. The early stages did not go as planned, but the presiding judge has approved $5 million in interim funds.

Since 4 p.m. yesterday, Gillette's Wyoming Workforce Center has seen 160 people visit from Blackjewel. This morning, the center opened up early and still had people lined up at the door. The West Virginia coal company Blackjewel LLC filed for Chapter 11 bankruptcy yesterday and has since closed the doors to its mines due to a lack of cash.

Blackjewel map of operations
Prime Clerk

UPDATE 07/02/19 1:21 p.m.

Blackjewel lawyers filed several documents with the court imploring them for an emergency hearing on supplementary debtor-in-possession (DIP) financing. The company has found an alternative DIP structure with funding coming from an "interested third-party." Without the funding, the Chapter 11 bankrutpcy could turn into a Chapter 7.

Doc 14-2 Exhibit B - a map of Blackjewel's Wyoming assets
Prime Clerk

Blackjewel LLC, a West Virginia-based coal company, has voluntary filed for relief under a Chapter 11 bankruptcy filing. The company operates 32 properties and holds more than 500 mining permits around the country. Blackjewel acquired its two Wyoming assets, the Eagle Butte and Belle Ayr mines, in late 2017 through Alpha Natural Resources bankruptcy.

Screenshot of Environmental Quality Council before hearing Mark Thrall
EQC WEB

Contura Coal West would like to renew and transfer permits for the Belle Ayr and Eagle Butte mines over to another coal company: Blackjewel. In August 2018, Wyoming's Department of Environmental Quality (DEQ) deemed the permit application technically complete.

Stephanie Joyce

A coal company in the Powder River Basin has avoided paying millions in personal and property taxes to Campbell County. Blackjewel has fallen delinquent $8,647,576.23 in taxes primarily from production, according to Campbell County attorney Carol Seeger. They were due last year. On March 1, another $8 million will come due. If the company doesn't pay it by May 10, it will be considered delinquent.

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