South Fork Coal Co., which operates surface mines in Greenbrier County, W.Va., has filed for Chapter 11 bankruptcy protection in the U.S. bankruptcy court in Delaware earlier this month, reported WV Public Broadcasting. The bankruptcy filing lists assets of $50 million to $100 million and liabilities of the same amount. South Fork owes nearly $5 million to the state of…
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Corsa Coal files for Chapter 11
Metallurgical coal producer Corsa Coal and each of its subsidiaries have filed for voluntary chapter 11 relief in the U.S. Bankruptcy Court for the Western District of Pennsylvania. A commitment for $15 million in debtor-in-possession financing provided by KIA II will support operations during the process. The Corsa Group has also filed various “first day” motions with the U.S. Bankruptcy…
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