Talk of The Villages Florida - Trump Signed 96 Laws In 2017. Here Is What They Do And How They Measure Up

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Posted by Guest

Beginning February 18, Armstrong Coal in Madisonville anticipates laying off all employees at all facilities in Kentucky. That is 427 employees in all.

Also, on February 14, Thoroughfare Mining will be permanently laying off all 99 employees at the Survant Mine in Central City, Kentucky.

Between the two companies, 526 employees will be permanently laid off.

Hey coal miners, are we winning yet?

"
Armstrong Energy Files For Chapter 11 Reorganization As Part Of Strategic Transaction

Nov 1, 2017

ST. LOUIS, Nov. 1, 2017 /PRNewswire/ -- Armstrong Energy, Inc., ("Armstrong") a producer and marketer of thermal coal in the Illinois Basin, announced today that Armstrong and substantially all of its wholly owned subsidiaries (collectively, the "Company") have filed voluntary petitions for reorganization under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Eastern District of Missouri. The Company took this action in order to consummate the transfer of substantially all of its assets (the "Transaction") to a new entity to be jointly owned by Knight Hawk Holdings, LLC ("Knight Hawk") and the Company's secured noteholders. "

A selling of assets.

http://listings.findthecompany.com/l...are-Mining-Llc

Thoroughfare Mining is owned by Armstrong...it's the same company...not two different ones.

Didn't Obama vow to destroy the coal industry? This was in the works before Trump took office. The government can male a business unprofitable. They just keep piling on regulations, limits, taxes, "environmental impact fees"...until it's just not worth it.