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One of the nation’s largest coal producers with mines in Eastern Kentucky filed for bankruptcy protection Monday, making it the second large coal company to do so in the past two weeks.
Revelation Energy LLC., and its affiliate Blackjewel LLC., West Virginia-based companies that employ about 1,100 people in their Kentucky, Virginia and West Virginia mines, filed for Chapter 11 bankruptcy in the Southern District of West Virginia, according to court documents.
Charles Raleigh, mayor of Cumberland in Harlan County, said he heard from at least two Revelation coal miners that the company shut down its mines near Cumberland.
This week the Energy Information Administration reported that renewable energy was for the first time producing more energy than coal.
Two coal mines in Wyoming closed and sent 700 workers home Monday afternoon after their owner filed for bankruptcy, the latest blow to a region that has been battered by an economic downturn in the fossil fuel sector.
Blackjewel LLC, which operates Eagle Butte and Belle Ayr mines near Gillette, sent the workers home after a bank denied the company $20 million in financing to continue operations during bankruptcy proceedings, CEO Jeffery Hoops said.
