Contura Energy seeking to be named stalking horse bidder for Blackjewel assets

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BRISTOL, Tenn. (WJHL) — Certain assets of the bankrupt Blackjewel L.L.C. may soon belong to Contura Energy, Inc., a U.S. coal supplier.

According to a release from Contura Energy, the company will be seeking a bid on Blackjewel’s assets in the Belle Ayr and Eagle Butte mines in Wyoming and the Pax Surface mine in West Virginia.

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The release says that Contura would provide an initial purchase deposit of over $8 million. However, if no superior bids are taken, Contura would add an additional $12.5 million to that number.

Contura says they hope to rehire the majority of the Wyoming employees and will make decisions on Pax Assets once they’ve purchase the mine.

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