Tag Archives: Bankruptcy

Peabody Still Owes Nearly $2 Million To Routt County

PEABODYRoutt County residents can get information on the status of Peabody Energy’s delinquent property taxes this week. Routt County Treasurer Brita Horn will host information sessions Wednesday, Thursday and Friday throughout Routt County. Wednesday’s meeting will be held at the Court House in Steamboat beginning at 1:30, followed by another meeting Thursday evening at 6:30 in Yampa at the Yampa Town Hall. The final meeting will be Friday evening in Hayden at the Hayden Town Hall beginning at 6:30. According to Horn, these sessions will be a Continue reading

Peabody Receives Financing To Continue Operations

PEABODYPeabody energy the owner of Twentymile Mine in Routt County received approval earlier this week for $800 million in financing intended to help the company continue its mining operations while the it continues to go through Chapter 11 bankruptcy. The company filed for Chapter 11 in April after reporting a loss of $2 billion in Continue reading

Peabody Declares Bankruptcy

PEABODYPeabody Energy the owner of Twentymile Mine in Routt County, announced yesterday that the company will file for chapter 11 bankruptcy. Chapter 11 bankruptcy allows the company to remain in control of their business operations while restructuring their debt. Peabody has been considering Chapter 11 Continue reading

WildEarth Guardians Ask Peabody To Stop Mining Coal

wildearthPeabody Energy received a letter yesterday from the environmental group WildEarth Guardians asking the company to reconsider its future in the coal industry. Earlier in the week Peabody announced that it was considering filing for Chapter 11 bankruptcy, and it appears that WildEarth Guardians have decided to use Peabody Energies possible Continue reading

Peabody Energy May File For Bankruptcy

PEABODYPeabody Energy may have to consider Chapter 11 bankruptcy according to a statement released by the company earlier this week. Chapter 11 Bankruptcy allows a company to restructure its debt while remaining in control of their business operations. Peabody is the largest coal producer in the United States, and is the owner of the Twentymile mine in NW Continue reading

Colorado Coal Mine Owner Declares Bankruptcy

coalArch Coal, second-largest coal mining company in the United States, yesterday filed for Chapter 11 bankruptcy protection. The company owns and operates West Elk Mine in Colorado near the town of Somerset in Gunnison County. The bankruptcy filing is part of a reorganization plan to cut $4.5 billion in debt from its Continue reading

Rulon Gardner Bankruptcy Auction Tomorrow

oly_g_gardner_300Mementos from the career of Olympic hero Rulon Gardner, including a USA Wrestling robe and a commemorative ring, will be auctioned off tomorrow in Salt Lake City.  The money collected at the auction will go to pay off debts Gardner Continue reading