Blackjewel To Reduce Debt And Enhance Financial Stability Through Court-Supervised Process.  Mining Operations And Customer Shipments To Continue In The Ordinary Course

CHARLESTON, W.Va., July 1, 2019 /PRNewswire/ — Blackjewel, L.L.C. (“Blackjewel”) today announced that, to facilitate a financial restructuring of the company’s obligations, Blackjewel (and certain affiliated entities) today filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of West Virginia. Blackjewel expects its mining operations and customer shipments to continue in the ordinary course throughout the court-supervised process.

Comments are closed.

Free newsletter for stock pics, interview transcripts & investing ideas