Contura Energy paid Blackjewel Inc. $21 million to take ownership of the Eagle Butte and Belle Ayr coal mines in Wyoming.
Contura Energy announced the sale of the Eagle Butte and Belle Ayr coal mines to Blackjewel Inc in December, just two years after acquiring the mines. At the time, company officials announced that they would concentrate mining operations on more profitable mining sites.
Now Heather Richards reveals the details of the deal, revealing details about the state of the coal industry:
Details of the transaction in Contura’s financial reports released last week show that Contura paid Blackjewel Inc. $21 million as part of the deal. The money is for taxes owed in Wyoming, according to the companies. Blackjewel picked up these two mines for nothing more than a promise of royalty payments back to Contura and an assumption of millions in clean-up costs.
According to Richards, some observers in the state say the deal indicates more bad news to come for the coal industry in Wyoming. Others note just how much the coal industry's status has changed in the state in just a few years.
FULL STORY: Owner of two major Wyoming coal mines paid buyer $20 million to take them
Oregon Passes Exemption to Urban Growth Boundary
Cities have a one-time chance to acquire new land for development in a bid to increase housing supply and affordability.
Where Urban Design Is Headed in 2024
A forecast of likely trends in urban design and architecture.
Savannah: A City of Planning Contrasts
From a human-scales, plaza-anchored grid to suburban sprawl, the oldest planned city in the United States has seen wildly different development patterns.
Washington Tribes Receive Resilience Funding
The 28 grants support projects including relocation efforts as coastal communities face the growing impacts of climate change.
Adaptive Reuse Bills Introduced in California Assembly
The legislation would expand eligibility for economic incentives and let cities loosen regulations to allow for more building conversions.
LA's Top Parks, Ranked
TimeOut just released its list of the top 26 parks in the L.A. area, which is home to some of the best green spaces around.
City of Rochester
Boston Harbor Now
City of Bellevue
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Birmingham, Alabama
City of Laramie, Wyoming
Colorado Department of Local Affairs
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.