GILETTE, Wyo. (AP/WJHL) – Another coal company has entered a potential bankruptcy deal that could allow two idle Wyoming coal mines to reopen.
Bristol, Tennessee-based Contura Energy announced Wednesday it has reached a tentative deal to pay Jasper, Alabama-based FM Coal $90 million to take over the Eagle Butte and Belle Ayr mines.
The recent news comes months after Blackjewel, LLC., announced they’d enter bankruptcy and close down operations, affecting mines in Southwest Virginia and Kentucky.
The deal must still get approval before the mines can actually reopen.
Previous stories on the mining updates are included below: