Coal Company Plans To Sell Mines

Lexington, KY — Cambrian Coal LLC, which filed for Chapter 11 bankruptcy protection in June, is preparing to sell its mines. In U.S. Bankruptcy Court in the Eastern District of Kentucky, Judge Gregory Schaaf says he will approve a sale order filed by the company. According to court documents, the coal producer plans to sell assets to three companies. The companies are expected to buy mines in Kentucky and Virginia. The mines employ nearly 700 workers. The documents also indicate that Cambrian’s ability to continue operations beyond this week is “highly uncertain.” The three companies were not identified, and the mines also were not identified pending completion of the deal.