- Associated Press - Thursday, December 17, 2015

BRISTOL, Va. (AP) - Coal operator Alpha Natural Resources has expanded to nearly two dozen the number of mine properties it plans to sell as part of its bankruptcy case.

A notice filed by the company’s lawyers this week in U.S. Bankruptcy Court in Richmond listed 23 properties to be sold, up from 16 listed in an October filing. Fourteen properties are active operations while the others are closed or are being closed. Some properties have several mines.

Fifteen properties are in West Virginia, including Bandmill Coal Corp., which has four mines, and the Twilight Surface Mine.

Other properties to be sold include the Coalgood Surface Mine, the Process Energy and EMC No. 9 mines, and Martin County Coal Company in Kentucky; the Tiller No. 1 Mine in Virginia; Tennessee Consolidated Coal in Tennessee; and Wabash in Illinois.

Another property, the Twin Star Surface Mine, is listed in both West Virginia and Virginia.

Bristol, Virginia-based Alpha’s notice said Jan. 20 is the deadline to submit qualified bids or to file any objections to the sale. If any property receives more than one bid, an auction would be held Jan. 27 at the Jones Day law firm’s New York offices.

The Bristol Herald Courier (https://bit.ly/1Mi0F4i ) first reported the filing.

Alpha, one of the nation’s biggest coal producers, filed for Chapter 11 bankruptcy in August. The company became the fourth coal producer to seek bankruptcy protection since the start of 2014 amid a shift in the electric power sector brought on by cheap natural gas and stricter pollution regulations.

Alpha also has mining operations in Pennsylvania and Wyoming.


Information from: Bristol Herald Courier, https://www.bristolnews.com



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