James River Coal seeking Chapter 11
Apr 07, 2014 | 06:55 PM
| Catherine Ngai
NEW YORK James River Coal Co. has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Virginia in order to implement a comprehensive turnaround plan after struggling with weakness in the coal markets, the company said April 7.
James River intends to use the Chapter 11 process to address its challenges in the coal mining industry, it said, adding that it expects its mining operations and customer shipments to continue as normal throughout the restructuring process.....
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