Contura Energy to Announce 2nd Quarter Earnings Ahead of Potential Purchase of Former Blackjewel Coal Mines
Bristol,TN based coal company Contura Energy is set to announce its second quarter earnings in the midst of a potentially massive purchase of mines in West Virginia and Wyoming.
The company says those results will be revealed next Wednesday morning, and hopes are high for good news that look to better its first quarter earnings from back in March. It was announced Tuesday that a West Virginia federal judge approved Contura’s purchase of three former Blackjewel coal mines, which were bid on for around $34 million.
Contura now awaits approval from the federal government for finalization of the sale.
Courtesy of Image: Contura