Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

left-of-center2012

(34,195 posts)
Sun Sep 15, 2019, 12:10 PM Sep 2019

Idle mines portend dark days for top US coal region

At two of the world's biggest coal mines, the finances got so bad that their owner couldn't even get toilet paper on credit. Warehouse technician Melissa Worden divvied up what remained of the last case, giving four rolls to each mine and two to the mine supply facility where she worked. Days later, things got worse.

Mine owner Blackjewel LLC filed for Chapter 11 bankruptcy protection on July 1. Worden at first figured the accounts would get settled quickly and vendors of everything from copy paper to parts for house-sized dump trucks would soon be back to doing normal business with the mines. "The consensus was: In 30 days, we'll look back on this, and we made it through, and we'll be up and running, and it's a fresh start," she said.

What happened instead has shaken the top coal-producing region in the United States like a charge of mining explosive. Blackjewel furloughed most of its Wyoming employees and shut down Eagle Butte and Belle Ayr mines, the first idled by hardship since coal mining in the Powder River Basin exploded in the 1970s. It's a big hit to the region straddling northeastern Wyoming and southeastern Montana, where coal has quietly supported the economies of both states for decades and fuels a shrinking number of power plants in 28 states.

Negotiations that could reopen the two Wyoming mines under new ownership — potentially previous owner Bristol, Tennessee-based Contura Energy — are stalled more than two months later. Some 600 employees remain off the job. They lost health insurance coverage in late August. And doubts are growing about the long-term viability of the region's coal mines — particularly Eagle Butte and Belle Ayr, the fourth- and sixth-biggest in the U.S. by production, respectively.

https://billingsgazette.com/news/national/idle-mines-portend-dark-days-for-top-us-coal-region/article_935e3571-fc1d-5a71-820f-73e56d794d2d.html

2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Idle mines portend dark days for top US coal region (Original Post) left-of-center2012 Sep 2019 OP
The coal industry owes it to their work force to retrain them for new jobs randr Sep 2019 #1
Retraining is just a Wellstone ruled Sep 2019 #2

randr

(12,412 posts)
1. The coal industry owes it to their work force to retrain them for new jobs
Sun Sep 15, 2019, 12:42 PM
Sep 2019

While we, American tax payers, will be paying billions for the clean up expected to come, the least these greed heads could do is share some of their golden parachute money with the people responsible for their wealth.

 

Wellstone ruled

(34,661 posts)
2. Retraining is just a
Sun Sep 15, 2019, 02:49 PM
Sep 2019

figment in Wyoming or Montana. Carbon County in Montana is about as Conservative(Libertarian)as can be. And the neighboring County in Wyoming is a carbon copy.

Probably one could find a good deal on a retirement home. Real Estate Taxes would be brutal with the lack of underlying taxable Industry to carry the burden.

Latest Discussions»Issue Forums»Economy»Idle mines portend dark d...