Coal mining bankruptcy hurts local businesses - WVVA TV Bluefield Beckley WV News, Weather and Sports

Coal mining bankruptcy hurts local businesses

Posted:
  • More Local NewsMore Local NewsMore>>

  • UPDATE: Rail line reopens, derailment cleanup continues

    UPDATE: Rail line reopens, derailment cleanup continues

    ROCK (WVVA) - Crews were at the site of a train derailment in a remote area of Mercer County Wednesday. The derailment occurred Tuesday night in the Rock area -- near Montcalm -- across from Route 71..More >>
    ROCK (WVVA) - Crews were at the site of a train derailment in a remote area of Mercer County Wednesday. The derailment occurred Tuesday night in the Rock area -- near Montcalm -- across from Route 71.. More >>
  • Theatre W.Va. to return for 54th season

    Theatre W.Va. to return for 54th season

    BECKLEY, W.Va. (AP) -- Theatre West Virginia is preparing to return for its 54th season following a shutdown caused by financial problems.The Register-Herald reports that Theatre West Virginia has scheduled 17 performances of "Hatfields and McCoys" this season...More >>
    BECKLEY, W.Va. (AP) -- Theatre West Virginia is preparing to return for its 54th season following a shutdown caused by financial problems.The Register-Herald reports that Theatre West Virginia has scheduled 17 performances of "Hatfields and McCoys" this season...More >>
  • Woman guilty of four charges after running over employee

    Woman guilty of four charges after running over employee

    MERCER CO. (WVVA) - Dustie Beller was on trial for running over a woman with her car all for chainsaw. While she was found not guilty of attempted murder, the jury did find her guilty of petty larceny, conspiracy, failure to stop and render aid, and malicious wounding. The victim had this to say about the verdict. "Um very happy,” Mackenzie Ansley said. “To be expected -- the attempted murder charge. I knew coming into it, it was an iffy charge. And I'll take four out of five. And I'm happy w...More >>
    MERCER CO. (WVVA) - Dustie Beller was on trial for running over a woman with her car all for chainsaw. While she was found not guilty of attempted murder, the jury did find her guilty of petty larceny, conspiracy, failure to stop and render aid, and malicious wounding. The victim had this to say about the verdict. "Um very happy,” Mackenzie Ansley said. “To be expected -- the attempted murder charge. I knew coming into it, it was an iffy charge. And I'll take four out of five. And I'm happy w...More >>

(WVVA) --  A local mining company is in a lot of trouble -- more than $120 million dollars of trouble. 

Frasure Creek's parent company, Trinity Coal, was forced into chapter 11 bankruptcy, which could put the company in jeopardy.

According to federal court documents, Trinity Coal owes six companies money.  Through chapter 11, they'll have to reorganize, so creditors can get their money back.

Local business owners like Tom Louisos say, when this happens to people in the area, they feel the burn too.

"When they don't have the money to buy breakfast or whatever, what about the gasoline for the cars, utilities, and other things that people buy?  It affects everyone. The dollar circulates and goes all the way around. When they have money, we have money," says Louisos, a long time restaurant owner in Oak Hill.

In an effort to contact Frasure Creek mine, they said they had no comment about the issue. 

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WVVA.
All Rights Reserved. For more information on this site, please read our Privacy Policy, Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Audrey Sluss at (304) 324-0659. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.