Welcome back for the 2018 ATAC Range Day®, showcasing the latest products and services for military, contracting and Law enforcement units, this is a private global event for the countries battling the global war on terrorism. The utility argued that Westmoreland was placing corporate interests over the needs of the public utility and its ratepayers.The Naughton plant closed one of its three coal-fired units recently to comply with federal haze regulations rather than upgrade the unit.The mine is the largest revenue source in Lincoln County.
Merida is also an LLC based in Virginia and one of numerous firms owned by Clarke, a nursing home executive, hotelier and recent coal executive.A stalking horse bidder is an agreed buyer announced ahead of a bankruptcy auction with the goal of raising bids for distressed assets.Westmoreland filed for bankruptcy in October, claiming heavy debt in a distressed coal market. With far fewer mines in Kentucky, ERP would strain that state’s resources less if it walked away from reclamation. Clarke entered the coal mining industry when he acquired over 100 coal mining permits in West Virginia, along with millions in reclamation liabilities, during Patriot Coal Company’s second bankruptcy in 2015. Subscribers can log in for unlimited digital access Tom Clark is one of Canada’s most recognized and respected journalists. Clarke was ousted as executive of ERP and Chippewa Capital partners, both northern Minnesota firms, by investors a few years later, according court filings and reports from Business North, a Minnesota business newspaper based in Duluth.Clarke was also the stalking horse bidder for Westmoreland’s assets in Ohio.The Ohio Environmental Protection Agency and the state’s Department of Natural Resources objected to Clarke, and his wife Ana, as stalking horse bidders to Westmoreland’s coal assets in Ohio, the Oxford Mines and the Buckingham mine, questioning whether they could afford the reclamation costs associated with the mines.An Ohio coal executive outbid Clarke for the Ohio assets days later.The Kemmerer coal mine is a hyperlocal operation — in contrast to Wyoming’s Powder River Basin coal industry in the state’s northeast. We had bonding commitments, maybe not the bonding commitments that the creditors wanted, but they were the only bonding commitments available.”The deadline for the sale closure was extended from April 15 to 25. Create a free Muck Rack account to customize your profile and upload a portfolio of your best work.Create a free Muck Rack account to customize your profile and upload a portfolio of your best work. His style is in part a social one, making connections locally in Kemmerer, he said.“For the sake of the miners and the community, I hope, if not me, they find somebody else. Additionally, the mine supplies coal to a nearby trona operation.Rocky Mountain Power filed an objection to Westmoreland’s original bankruptcy plan due to uncertainty over fuel supply from the Kemmerer coal mine.
Arguing that he could change the coal industry from within, he explained to the newspaper a scheme to take advantage of federal green credits during the Obama era by planting trees worldwide and attaching the green credits for that activity to every ton of coal sold to the power industry.But the coal plus environmental credit tonnage model wasn’t popular, as of the time of the New York Times profile.Clarke’s various business entities have found trouble in recent years, including the bankruptcy of an iron ore operation picked up by Clarke’s ERP Iron Ore in a 2016 bankruptcy auction. The company announced a schedule for the announcement and a potential auction of the mine last month.While little information is available about the potential buyer of the Kemmerer mine, its financial guarantor is led by a man with a unique history in the coal business.Clarke’s business deals have been headline news from Virginia to Minnesota since he bought into coal during the recent downturn. “We had the money. The DEP has proposed that Doss Engineering, a mining engineering firm based in West Virginia, be assigned as the special receiver. Still not reclaimed, it has been in existence for over two decades and is one of the biggest mine complexes in the state. By: Heather Richards, Casper Star-Tribune Via Wyoming News Exchange - Updated: 1 year agoIf you wish view the full all article, watch this short video or subscribe now for full access.A password reset email has been sent containing a link to reset your password. You can cancel at any time.


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