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James River Coal Co

  • April 22- Diversified Canadian miner Teck Resources Ltd said it would cut about 600 jobs, or 5 percent of its global workforce, after a sharp fall in earnings and revenue in the first quarter.

  • April 7- James River Coal Co filed for Chapter 11 bankruptcy protection after struggling with a steep drop in prices and demand for both thermal and steel-making coal. Coal companies have also been hit by President Barack Obama's push for stricter regulation of greenhouse gas emissions by the Environmental Protection Agency.

  • James River Coal files for bankruptcy protection Monday, 7 Apr 2014 | 5:28 PM ET

    April 7- James River Coal Co filed for Chapter 11 bankruptcy protection on Monday after struggling with weak prices. The company said it would continue to evaluate potential alternatives such as a capital investment through a plan of reorganization or a sale of one or more parts.

  • March 17- James River Coal Co, which is grappling with a liquidity crunch, said it would not make the interest payment due on Monday on $230 million of its convertible senior notes. James River, which had a long-term debt of $425.4 million as of Sept. 30, said the 3.125 percent convertible senior notes would mature in 2018..

  • Nov 7 (Reuters)- James River Coal Co idled four more mines in Central Appalachia and temporarily laid off about 200 employees as the company looks to shore up its precarious cash position amid weak coal prices. "The balance sheet continues to be the critical issue to watch for James River Coal," Simmons& Co analyst Bill Herbert said in a note.

  • UPDATE 1-James River Coal idles four more mines Thursday, 7 Nov 2013 | 7:39 AM ET

    Nov 7- James River Coal Co said it idled four mines in eastern Kentucky in Central Appalachia and temporarily laid off about 200 employees as coal prices fall further. James River Coal shares were down about 0.5 percent in trading before the bell, after the coal miner reported a slide in shipments and a bigger loss for the third quarter.

  • The company's net loss widened to $25.5 million, or 73 cents per share, in the third quarter ended Sept. 30, from a loss of $20.6 million, 59 cents per share, a year earlier.

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