Monday, June 29, 2009
Black Diamond Mining Of Floyd County Shuts Down Operations
After filing Chapter 11 Bankruptcy, the Black Diamond Mining Company, which operated three surface mines and ten underground mines in Floyd County, has shut down its operations, which produced around two million tons of coal per year. In June of last year, Black Diamond had hired Miller Buckfire and Company, which headquarters in the Greater New York City area, to provide financial advice involving a plan to restructure, but, in March, the company announced a withdrawal of a motion to enter into Chapter 7 Bankruptcy, which would have required liquidation.
# posted by Homer Owens @ 8:37 PM 
