It Once Controlled One of Appalachia’s Biggest Coal Reserves. Then It Sold for Just $1.1 Million

A $60 million debt load, hundreds of layoffs, and a fire-sale auction brought down one of Appalachia’s last major coal strongholds.

BY LUCIA AUERBACH, NEWS WRITER

The coal company that once controlled Eastern Kentucky’s largest remaining coal reserve sold for just $1.1 million at a court-ordered bankruptcy auction this month.

It marks a dramatic........

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