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WVDEP, Alpha Natural Resources reach $15 million settlement
The West Virginia Department of Environmental Protection (DEP) has reached an agreement with Alpha Natural Resources valued at about $15 million to resolve a recently filed lawsuit in the coal operator's bankruptcy case. The settlement enhances DEP's earlier settlement with Alpha and will provide additional bonding and other security for the coal operator's ongoing reclamation obligations in West Virginia. Under the earlier settlement, announced in June, Alpha has posted bonds and other collateral totaling nearly $140 million with respect to its remaining mining sites in West Virginia. Alpha and Contura Energy Inc, which purchased a substantial amount of Alpha assets in July, have also committed to provide at least $165 million to fund reclamation and water treatment in West Virginia.
WVDEP, Alpha Natural Resources reach $15 million settlement
The West Virginia Department of Environmental Protection (DEP) has reached an agreement with Alpha Natural Resources valued at about $15 million to resolve a recently filed lawsuit in the coal operator's bankruptcy case. The settlement enhances DEP's earlier settlement with Alpha and will provide additional bonding and other security for the coal operator's ongoing reclamation obligations in West Virginia. Under the earlier settlement, announced in June, Alpha has posted bonds and other collateral totaling nearly $140 million with respect to its remaining mining sites in West Virginia. Alpha and Contura Energy Inc, which purchased a substantial amount of Alpha assets in July, have also committed to provide at least $165 million to fund reclamation and water treatment in West Virginia.
WVDEP, Alpha Natural Resources reach $15 million settlement
2016
Article (Journal)
English
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