James River Coal Co. Seeks Ch. 11 Protection

Law360, Los Angeles (April 7, 2014, 9:22 PM EDT) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.