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With sale of two Powder River Basin coal mines , Contura is out and Blackjewel is in

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Contura Energy, Inc. completed the sale of Belle Ayr and Eagle Butte mines in the Powder River Basin for US$50 million in deferred royalties and US$200 million in undiscounted reclamation obligations. The buyer in the transaction was newcomer Blackjewel LLC. Recent entrants such as Blackjewel may be hoping to develop new, profitable strategies by skilfully applying acquisition, hedging, and origination tools to make better returns. For Contura, this is a move away from diversification and towards greater concentration in a higher margin market.

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    With sale of two Powder River Basin coal mines , Contura is out and Blackjewel is in

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