Wednesday, October 28, 2015

Blackhawk finalizes buy-outs on 6 Patriot Coal mining operations

Blackhawk Mining announced Wednesday the purchase of six Patriot Coal mining complexes in central and southern West Virginia has been finalized.

The buy-outs include Patriot’s Panther, Rocklick, Wells, Kanawha Eagle, Paint Creek and Midland Trail mining operations.

The announcement followed a federal bankruptcy judge’s decision earlier this month to approve a reorganization plan that allowed Patriot to sell a majority of their operating assets to Blackhawk.

The company plans to resume production immediately at the purchased mines to remain committed to its customers in a timely manner, according to a news release.
Patriot, based in Scott Depot, declared Chapter 11 bankruptcy in May.

Blackhawk is a privately owned coal mining and marketing company headquartered in Lexington, Ky.