Tuesday, May 6, 2014

"Surety bond issuers warn buyers could 'cherry-pick' James River coal assets" $JRCC

"Insurers holding $27 million in reclamation and other surety bonds on behalf of Appalachian and Illinois Basin coal producer James River Coal Co. warned that buyers may be allowed to 'cherry-pick' the company's assets, leaving behind undesirable assets with no intention of meeting required reclamation obligations." [link]

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