🌑The Powder River Basin Capitulates. New Chapter 11 Bankruptcy Filing - Blackjewel LLC (Short #MAGA).🌑

For coal country, the macro environment has been largely unforgiving.

Blackjewel LLC and three affiliates are the latest in a long string of coal companies to file for bankruptcy. The debtors mine and process metallurgical, thermal and other specialty and industrial coals; they operate 32 properties and hold over 500 mining permits — “more than any other…