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James River Coal Files Ch.11; Blames Regulations, Nat Gas

James River Coal Files Ch.11; Blames Regulations, Nat Gas

Mining company James River Coal has filed for Chapter 11 bankruptcy protection, blaming environmental regulations, competition from natural gas, and weak economic conditions, the AP reports. The Richmond, Va.-based company said it has secured $110 million to keep operations going, pending court approval, while it restructures. James River, which mines … Read more »