Major Eastern Kentucky coal producer files for bankruptcy protection

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PIKEVILLE, Ky. (WYMT) - Revelation Energy LLC. and its affiliate Blackjewel LLC. filed for Chapter 11 bankruptcy.

The Herald-Leader reports  Revelation Energy is one of the nation's largest coal producers, with mines in Kentucky, Virginia, West Virginia and Wyoming.

Cumberland Mayor Charles Raleigh told the newspaper that at least two coal miners reported the mines near Cumberland will be shut down for at least two weeks.

Harlan County Judge-Executive Dan Mosley says his office has not received notice by law that there will be any layoffs.

"We haven't received any warn notices which are required by law from Blackjewel or any of their subsidiaries, so I'm not in panic mode," said Mosley.

While he understands people's fears, he is adamant coal is strong in Harlan County and jobs are safe.

"Coal is alive and well, and anyone who is ready to pronounce its death is not in tune with reality," said Mosley with a smile.

Revelation Energy's owner, Jeff Hoops, filed an affidavit Monday, in which he blames adverse market conditions.

We reached out to Hoops, who declined to comment and would not answer questions, saying simply he was working tirelessly to get miners back to work.

The company owes millions to state and federal agencies, as well as private creditors in Kentucky.

We also reached out to the Harlan County Attorney's office, which stated Blackjewel LLC owes $55,574.89 in 2018 back taxes to the county.

This comes just weeks after Cambrian Coal, LLC filed for Chapter 11 bankruptcy.



 
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