Tennessee-based Mission Coal files for bankruptcy protection

first_imgTennessee-based Mission Coal files for bankruptcy protection FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Mission Coal filed for Chapter 11 bankruptcy protection Sunday with the US Bankruptcy Court for the Northern District of Alabama, according to court filings.The Kingsport, Tennessee-based company, which produces and markets mostly metallurgical coal, was formed in January through a reorganization that combined and consolidated the operations of Seneca Coal Resources and Seminole Coal Resources.Mission Coal has two deep mines and one surface mine in West Virginia and one deep mine in Alabama with coal qualities varying between low-volatility, mid-volatility and high-volatility coal. Through Sunday, the company had spent roughly $28 million upgrading the mining complexes, according to the filing, but “despite favorable market forces and commodity pricing,” Mission was unable to maximize the value of their operations.Mission has roughly $175 million in debt, including $104 million outstanding under a first lien secured term loan and $71 million outstanding under a second lien secured term loan. As of Sunday, the company’s total cash balance is about $55,000, and does “not have readily available sources of additional financing,” according to the filing.The company said an asset sale through the Chapter 11 process will maximize the ultimate realized value for its stakeholders and its aim is to “conclude negotiations with all key stakeholders, propose a Chapter 11 plan with the support of as many of [the] other stakeholders and creditors as possible, and comply with milestones provided in … debtor-in-possession financing to expeditiously and efficiently execute a sale of Mission Coal’s assets.”More ($): U.S. coal miner Mission Coal files for Chapter 11 bankruptcylast_img read more

Conchita: “Now Garbiñe is a very dangerous player”

first_img-When Garbiñe and you’re collectively good issues occur, how do you clarify that?-It’s taking place now, let’s go away it that method. I’d reasonably not gaff it. I’m certain there will likely be troublesome and good instances. It’s nice to benefit from the second. It’s going properly, let’s simply take pleasure in what we’ve now. (They already labored collectively in 2017, when Garbiñe gained Wimbledon). -Many individuals talked about you and Garbiñe as a logical work duo, have been you destined to work collectively?-Nicely, sure, I heard that. It’s like with {couples}, all of us need Brad Pitt and Jennifer Aniston to be collectively once more, proper? Typically it occurs like that. I used to be very good with Karolina (Pliskova). It was a nice affiliation. We had a fantastic 12 months. Now, again with Garbiñe, I really feel nice working exhausting along with her. For me, seeing her properly is nice.-How did you discover Muguruza once you began working and the way do you see her now?-Now I see her properly. I discovered her wanting to work, to do issues properly, to let go and let me work along with her essential issues. Issues are being completed properly and we should proceed like this. We’re on the best method.-Are you able to clarify the way you labored with Muguruza?It seems on the monitor. He is very, very aggressive like when he performed his finest tennis. Bodily I see her very properly. It’s attending to the balls with time. It stands agency, accelerating, ending a lot within the community. That is at all times good to see.-How are you going to persuade Garbiñe to climb extra?It’s best to be ok with your background pictures. You can not go to the community with out extra. He won’t serve and volley. With the essential blows you should put together the purpose, earlier than climbing. While you really feel snug with that and belief, that is when you’ll be able to take the following step. That is your sort of recreation. You need to begin constructing to really feel safer going to the community. She feels snug from the baseline.-How a lot are you engaged on the psychological aspect? I attempt to assist as a lot as I can with every facet, additionally within the psychological half, for my expertise as a tennis participant. Typically it is not crucial to talk for 3 hours. You go straight to the purpose and he or she understands. I attempt to present you what you are able to do to create and achieve confidence. Regularly and with out shortcuts. However she is a champion, she is very good.– Are you shocked that you simply obtained outcomes so rapidly?It has a lot of potential, however we anticipated to go step-by-step. Earlier than Svitolina it was spectacular to see him so properly. There is a lengthy solution to go, however I hope it goes far right here. She is very concerned within the match and is very dangerous.-This 12 months you’ll lastly enter the Corridor of Fame (the sixth Spanish after Alonso, Santana, Arantxa, Orantes and Gimeno), what does it imply to you?-It’s a nice honor. It was the third time he entered the voting. There have been huge names subsequent to mine. Being with them is superb. I’ll really feel full and good in regards to the achievements of my profession. I take pleasure in what I do, what I did as a participant and now continued as a coach. I’m at all times linked to tennis.– How was the transition from working with Pliskova to return to Muguruza?It was fairly quick. I completed with Karolina after the WTA Finals and began the preseason with Garbiñe on November 28. We went to San Diego. We have been there virtually 5 weeks earlier than the beginning of the course, till we went to Shenzhen and Hobart and now, right here we’re. The preseason was very, very good. There was a lot of time to work on the issues that have been wanted. I believe the outcomes are right here. It’s very good to see that the belongings you’ve been engaged on in the course of the preseason are mirrored on the monitor. It’s at all times good for a coach and for the group, for everybody who is behind Garbiñe.What is your philosophy as a coach, methods to work together with the gamers?There is no secret. I find it irresistible, I’m very obsessed with what I do. Exhausting work is at all times very, very essential. I’ve a good relationship with the gamers, as a result of I used to be and I understand how they really feel. I get that further that I believe is very good to have as a coach. I believe folks know that I’m a very severe one that likes to assist and work exhausting. Having the boldness of the gamers is key. Up to now, I’ve succeeded with that.last_img read more