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Bank Alleges Fraud in Coal Company Asset Dealings

S&P Global Market Intelligence ($): Fifth Third Bank has sued Revelation Energy LLC for failing to make payments on its loans and alleged that the U.S. coal producer may have fraudulently transferred assets in the company’s acquisition of two large Powder River Basin mines. The bank wrote in a civil complaint filed in the U.S. […]

April 25, 2018 Read More →

CEO’s Past May Torpedo Company’s Plans to Acquire Wyoming Mines

Casper Star-Tribune: In December, a brand new company called Blackjewel LLC announced plans to buy two Wyoming coal mines. They were considered the “crown jewels” of former coal giant Alpha Natural Resources, and Blackjewel said the mines held promise despite declines in the coal market. By mid-January the fate of that future had hit a […]

February 5, 2018 Read More →