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General Category => Science, Technology and Knowledge => Energy => Topic started by: Suppressed on October 10, 2018, 04:06:23 am

Title: One of oldest coal companies in US files for bankruptcy
Post by: Suppressed on October 10, 2018, 04:06:23 am

One of oldest coal companies in US files for bankruptcy
By MATT VOLZ  Yesterday
   
HELENA, Mont. (AP) — One of the oldest coal companies in the U.S. filed for bankruptcy protection Tuesday to deal with more than $1.4 billion in debt amid declining demand for the fuel.

Englewood, Colorado-based Westmoreland Coal Co. filed for voluntary Chapter 11 protection in U.S. Bankruptcy Court in Houston as part of a restructuring agreement with an unnamed group of lenders.

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https://apnews.com/be1a0a46444f45a79802512787bc9ba9/One-of-oldest-coal-companies-in-US-files-for-bankruptcy