Mining Company Buyout

A mining company with operations in several counties in our coverage area now has a new owner.Seven Energy, based in the country of Liechtenstein, has acquired Lexington based Blackhawk Energy, LLC.According to a news release, Seven currently owns coal mining and power generation assets in the Czech Republic, in the United Kingdom and in Australia.Blackhawk filed for bankruptcy restructuring back in July 2019.The company then started laying off some of their workforce in early December 2019.

Source: MG News

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