Blackjewel Sells Wyoming Mines, Clearing Way for Worker Payment

Bankrupt Blackjewel LLC has closed the sale of its Wyoming operations, clearing the way for workers to receive millions in back pay.

Blackjewel on Friday closed the sale of the Belle Ayr and Eagle Butte mines in Wyoming to Eagle Specialty Materials LLC, the company said in an e-mailed statement. The sale will put many former Blackjewel employees in Wyoming back to work, according to the statement.

Referring to an “arduous sale process,” Interim Chief Executive Officer David Beckman said in the statement that “virtually all” of Blackjewel’s working mines will reopen under new ownership.

Judge Frank W. Volk -- ...