(Gillette, Wyo.) Westmoreland and Fayette Counties in Pennsylvania, near Pittsburgh, will surrender 53 million tons of coal reserves to environmental groups, as part of Alpha Natural Reasource's bankruptcy plan, reports the Pittsburgh Post-Gazette
The coal reserves will be donated to a non-profit to protect them from
"ever being mined and burned." Alpha will also have to pay $7.5 million to
help with reclamation in the Upper Freeport coal stream in Pennsylvania,
where they still hold 2400 acres of property they are hoping to sell as
part of their financial restructuring.
The rest of Alpha's reorganization plan involves splitting their assets to
give "Contura Energy Inc." control of their remaining federal coal leases.
The Department of Justice opposes this plan for multiple reasons, not least
of which is because it jeopardizes lawsuits against the company by families
who claim their homes and property were damaged by local mining operations.
Alpha is set to appear before a federal judge on Thursday. If approved, the
company will move towards ending their bankruptcy.
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