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James River Coal plans asset auction Aug. 18

James River Coal plans asset auction Aug. 18 following several postponements
Posted on Aug. 13, 2014 at 12:00 a.m. | Updated on Aug. 13, 2014 at 6:57 a.m.

RICHMOND, Va. (AP) — James River Coal Co. plans to hold an asset auction next week following several postponements.

Online court documents show the auction is scheduled for Aug. 18. If the successful bid contemplates a sale, a sale-approval hearing would be held Aug. 20 in U.S. Bankruptcy Court in Richmond.

Richmond-based James River filed for Chapter 11 bankruptcy in April. The Richmond Times-Dispatch (http://bit.ly/ViByvB ) reports that the asset auction has been delayed five times since it originally was scheduled for July 8.

The company operates six mining complexes in Kentucky, West Virginia and Indiana.

Information from: Richmond Times-Dispatch, http://www.timesdispatch.com




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