James River Coal Co. Seeks Ch. 11 Protection

Law360, Los Angeles (April 07, 2014, 9:22 PM ET) -- James River Coal Co. filed for Chapter 11 bankruptcy protection on Monday, citing a weak economy and increased competition from natural gas, but promised to continue mining operations and coal shipments as usual.

The Richmond, Va.-based mining company said stricter regulations on greenhouse gas emissions, improved methods for producing natural gas and power companies’ basin switching severely impacted the coal market.

“We have made a number of large and significant changes to our mine operations and administrative overhead in response to the changes in the coal...
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