Assets of Coal Mining Business
Listing Information
Assets of Coal Mining Business
Price: $10,000,000.00
Created: 11/04/2017
Category: Business Property > All Assets or Going Concerns > Mining
Sale Location: Pittsburgh, Pennsylvania
Sale Date: Thu. Dec 21, 2017
Debtor's Attorney
960 Penn Avenue, Suite 1200
Pittsburgh, PA 15222
412-392-0330
Case Title: Derry Coal Company, LLC
Court: Pennsylvania Western Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of assets of C&D Coal Company, LLC and Derry Coal Company, LLC. The sale assets including Real and Personal Property described as below:
(i) Derry Coal Company, LLC: Sale of real property, 104 acres with metal building and rail facility, and more particularly described in Exhibit B on the attached PDF.
(ii) C&D Coal Company, LLC: Sale of Coal and gas rights and real property described as below:
- 19,000 acres of coal and gas rights per assignment from Kingston Coal Company and Kingston Gas Company, and more particularly described in Exhibit C on the attached PDF;
- 84 Acres of surface real property in Latrobe, PA, and more particularly described in Exhibit D on the attached PDF; and
- 114 Acres of coal and gas rights in Derry, PA, and more particularly described in Exhibit E on the attached PDF.
The Sale also include Equipment of C&D Coal Company, LLC, described as below:
MCI Power Center (Model 364414542-0812); Joy Miner (Model 14 CM10-1 1AAK); Fletcher Bolter (Model RRII-13-B-C-F); Joy 21 Shuttle Cars (2) (Model 27SC- 56AKKE-1); Stancor Sump Pump (Model 940CEHH); Stancor Pumps (2) (Model P20 CE); Flyte Pump (Model 2075-080-502); Switch House (Model SSH 7200-4364); Stampler Feeder (Model BF-17-12); DBT Scoop (Model 488D3T); Caterpillar Scoop; Caterpillar Scoop Charger; Benchee 4 Wheeler; Mine Fan (Model 72-D9-200); Green Fork Lift (Model MLULL-1OK); Luigong Loader (Model CLGS5611); Caterpillar Loader (Model 980 G) MCI Substation (Model 36442-45476-0812); MCC Room (with 480 Volt Fan Starter; 240/1 20 Load Center; Pit Light Timer and Lights; 480 Volt AC-240/120 VAC Transformer GE 37.5 KVA; 120/240 Breaker Panel; 460 Volt Main Disconnect for Fan; 480 Volt 3 Phase Disconnect for Transformer); Grindex Fresh Water Pump (Model Major-H) Stancor Pit Pump (Model SX2000HH).
Financial Overview
Additional Details
Sale Hearing in "Courtroom A" @ 10:30 a.m.
Sale Price: Reserve price in the amount of Ten Million Dollars ($10,000,000.00) will be established as the bulk minimum purchase price. If the Court determines that each company assets are to be sold separately, the Ten Million Dollars ($10,000,000.00) reserve price shall be attributed as Nine Million Dollars ($9,000,000.00) for C&D’s assets and One Million Dollars ($1,000,000.00) for Derry’s assets.