Alpha Natural Resources will sell at least 16 idle mines in West Virginia, Kentucky, Tennessee and Illinois as part of its bankruptcy restructuring.
The mine’s target date for accepting bids is Jan. 20, 2016, with hopes of a bankruptcy judge’s approval by February. The mine is slated for a November 5 hearing in a U.S. Bankruptcy Court.
Alpha recently sent WARN notices to Edwight Surface Mine and the Independence Coal Company’s Tunnel Mine, alerting just less than 100 people of potential job loss.
The company cited adverse market conditions as the reason for idling the mines.
Alpha employs about 8,000 people in the Coalfields of West Virginia, Kentucky, and Pennsylvania.