July 30, 2016 10:41 PM ET

Oil, Gas and Consumable Fuels

Company Overview of U.S. Coal Corporation

Company Overview

U.S. Coal Corporation provides mining and production of coal in Central Appalachia. It offers low-sulfur steam coal. The company also operates surface mines, contract underground mines, a highwall miner, and coal preparation facilities in eastern Kentucky. The company was incorporated in 2006 and is based in Lexington, Kentucky. On June 10, 2014, an involuntary petition for reorganization under Chapter 11 was filed against U.S. Coal Corporation in the U.S. Bankruptcy Court for the District of Delaware. On June 27, 2014, the involuntary petition was approved by the Court. It is in joint administration with Licking River Mining, LLC. On April 24, 2015, the involuntary petition of U.S. Coal Co...

2350 Regency Road

Lexington, KY 40503

United States

Founded in 2006

Phone:

859-223-8820

Fax:

859-224-9919

Key Executives for U.S. Coal Corporation

Chief Executive Officer
Chief Financial Officer
Age: 41
Founder of SM&J and President of SM&J
President of JAD
Compensation as of Fiscal Year 2016.

U.S. Coal Corporation Key Developments

Motion for Asset Sale Approved for Licking River Mining, LLC

The US Bankruptcy Court gave an order approving the auction procedures relating to the sale of certain assets of Licking River Mining, LLC on June 23, 2015. The Court has authorized the trustee to conduct an auction for the sale of certain assets of Licking River Mining, LLC on July 9, 2015. The debtor’s assets include mining equipment of the estate of J.A.D. Coal Company, Inc. located in Harlan and Magoffin County.

Motion for Asset Sale Approved for Licking River Mining, LLC

The US Bankruptcy Court gave an order approving the auction procedures relating to the sale of certain assets of Licking River Mining, LLC on June 5, 2015. The Court has authorized the trustee to conduct an auction for the sale of certain assets of Licking River Mining, LLC on June 6, 2015. The debtor’s assets include all office furnishings and equipment previously located at the office of U.S. Coal Corporation, 101 Helm Street, Suite 150, Lexington.

Motion for Asset Sale Filed by Licking River Mining, LLC

Phaedra Spradlin, Chapter 7 Trustee, filed a motion in the US Bankruptcy Court for the sale of its certain assets on May 29, 2015. The debtor seeks the Court’s approval for the sale of its certain assets by way of an auction procedure. The debtor’s assets include mining equipment of the estate of J.A.D. Coal Company, Inc. located in Harlan and Magoffin County. The debtor has scheduled an auction on July 9, 2015. The auction will be conducted by Steven J. Bunch of Bunch Brothers Auctioneers, Inc. for a fee of 9.5% of the gross selling price of the equipment and reimbursement of all reasonable, out of pocket expenses incurred by him.

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