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>>

  • Oakvale School celebrates new look

    Oakvale School celebrates new look

    OAKVALE (WVVA) - The much-anticipated opening of Oakvale School has finally arrived.On Monday, students, guests and community members gathered to see the grand opening of the newly-built and renovated building.Tuesday was also move-in day for students in kindergarten through fifth grade.The construction has been underway for two years.More >>
    OAKVALE (WVVA) - The much-anticipated opening of Oakvale School has finally arrived.On Monday, students, guests and community members gathered to see the grand opening of the newly-built and renovated building.Tuesday was also move-in day for students in kindergarten through fifth grade.The construction has been underway for two years.More >>
  • Mercer County man pleads guilty to drug distribution

    Mercer County man pleads guilty to drug distribution

    BLUEFIELD (NEWS RELEASE) – United States Attorney Booth Goodwin announced today that Jimmy Dale Wright, 56, of Rock, West Virginia, pled guilty in federal court in Bluefield to distributing hydromorphone, a powerful and addictive prescription pain medication. Wright admitted that in August of 2013, he sold pills to a person who was cooperating with law enforcement authorities. The drug deal took place on Pocosin Fork Road in Lashmeet, Mercer County, West Virginia.Wright faces up to 20 years i...More >>
    BLUEFIELD (NEWS RELEASE) – United States Attorney Booth Goodwin announced today that Jimmy Dale Wright, 56, of Rock, West Virginia, pled guilty in federal court in Bluefield to distributing hydromorphone, a powerful and addictive prescription pain medication. Wright admitted that in August of 2013, he sold pills to a person who was cooperating with law enforcement authorities. The drug deal took place on Pocosin Fork Road in Lashmeet, Mercer County, West Virginia.Wright faces up to 20 years i...More >>
  • UPDATE: Bizarre details revealed in sex abuse case against man who claimed to have 'magic' powers

    UPDATE: Bizarre details revealed in sex abuse case against man who claimed to have 'magic' powers

    Photo by Lindsay OliverPhoto by Lindsay Oliver
    BLUEFIELD (WVVA) - Bluefield Police have arrested a man on multiple counts of sex crimes against children.James Irvin, 56, was taken into custody Monday morning. He is charged with...More >>
    BLUEFIELD (WVVA) - Bluefield Police have arrested a man on multiple counts of sex crimes against children.James Irvin, 56, was taken into custody Monday morning. He is charged with...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.