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.
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.
"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," Worden said. Negotiations that could reopen the two Wyoming mines under new ownership are stalled more than two months later. Some 600 employees remain off the job. And doubts are growing about the long-term viability of the region's coal mines.Blackjewel, based in Milton, West Virginia, told its Wyoming employees this week that the mines might be running again soon and to let the company know if they wanted their jobs back.
"The irony here — and it's really a cruel irony — is everybody is focused on getting these miners back to work. But really the solution to creating a healthy industry is some mines close," Godby said. The turmoil comes as U.S. coal production is down over 30 percent since peaking in 2008. Utilities are retiring aging coal-fired power plants and switching to solar, wind and cheaper and cleaner-burning natural gas to generate electricity despite President Donald Trump's efforts to prop up the coal industry.
"This is a fast-moving and sometimes unpredictable process, and accordingly, we do not have answers to all of your questions at this time," the company's statement said.
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