Bankruptcy judge okays Westmoreland plan to sell Kemmerer mine to lenders

first_imgBankruptcy judge okays Westmoreland plan to sell Kemmerer mine to lenders FacebookTwitterLinkedInEmailPrint分享The Wall Street Journal ($):Westmoreland Coal Co. is set to unload its Wyoming mine to lenders after an earlier deal to sell the mine fell through.Judge David R. Jones of the U.S. Bankruptcy Court in Houston on Wednesday granted Westmoreland’s request to sell its Kemmerer mine complex to its lenders. The sale still needs to close. It also depends on the buyers striking a new collective bargaining agreement with a mine workers union.Lenders are using debt they are owed by Westmoreland to acquire the mine. Kemmerer was acquired via the lenders’ credit bid, which was worth at least $300 million, court papers show. A credit bid allows lenders to use debt they are owed as payment for an asset. The lender group is also assuming certain liabilities tied to the mine, according to court documents.The Wyoming mine wasn’t among the collection of mines lenders acquired earlier during Westmoreland’s chapter 11 bankruptcy. Westmoreland’s mines are now owned by a new lender-controlled company, Westmoreland Mining LLC, which left chapter 11 earlier this year.Kemmerer, meanwhile, was expected to be sold earlier this year to a company owned by businessman Thomas Clarke. That deal fell through, so Westmoreland struck an alternative transaction with its creditors. On Wednesday, Judge Jones also approved related settlements and a liquidation plan related to the Kemmerer sale.Westmoreland acquired the Kemmerer mine from Chevron Mining Inc. for approximately $179 million in 2011, court papers say. The company filed for chapter 11 protection in October 2018, citing high debt and the decline of its thermal coal mining business.More ($): Westmoreland Coal cleared to sell Wyoming mine to lenderslast_img read more

Sumner’s Kala Young signs to play at UMaine-Machias

first_imgHARRINGTON — Sumner’s Kala Young signed her National Letter of Intent to play basketball for University of Maine at Machias before the team’s Wednesday, Jan. 4, road game against the Narraguagus Knights.Young called UMaine-Machias “the right fit” because of its smaller size and proximity to her hometown of Gouldsboro. The UMM campus is only 45 minutes from Gouldsboro, the easternmost town in Hancock County.“I have a sister who’s been there for a couple years, so I know the campus pretty well,” Young said. “I wanted the place where I felt most comfortable and could play at the right level, and this was it.”Young began playing traveling basketball in fourth grade while she was living Mariaville and immediately fell in love with the sport. She has also played for the Peninsula School in Gouldsboro and the Hancock County-based Downeast Basketball Club AAU team over the years.This is placeholder textThis is placeholder textDuring her time at Sumner, Young has started games at both forward and center. She scored six points and added several offensive rebounds against a Narraguagus team that won the Class C state championship last season.“Kala has always been one of the leaders on our team,” Sumner head coach Bimbo Pinkham said. “She’s one of our best players around the basket, and she gives it her all even when the going gets tough. You have to feel good for a kid like that getting an opportunity at the college level.”UMaine-Machias head coach Troy Alley attended the game and presented the letter for Kala to sign. The Clippers are 4-7 under Alley this year with wins over Great Bay Community College, Unity, Hampshire College and NHTI.Kala’s father, James, said his daughter also received scholarship offers from the University of Maine at Farmington and Curry College in Milton, Mass. Although each school had something different to offer, UMaine-Machias seemed to stand out from the rest of the pack.“The coaches and everyone, they just all really made it seem like they wanted her,” James Young said. “We couldn’t be happier that she’s gotten this opportunity. It’s a real privilege for her to be able to play in college, and we’re all going to enjoy continuing to watch her play.” MPA approves golf, XC, field hockey, soccer; football, volleyball moved to spring – September 10, 2020 Latest posts by Mike Mandell (see all) Mike MandellMike Mandell is the sports editor at The Ellsworth American and Mount Desert Islander. He began working for The American in August 2016. You can reach him via email at mmandell@ellsworthamerican.com. Latest Postscenter_img Ellsworth runners compete in virtual Boston Marathon – September 16, 2020 Bio Hospice volunteers help families navigate grief and find hope – September 12, 2020last_img read more

Woods closes to within 1 shot of Canadian rookie Conners

first_imgMOST READ Don’t miss out on the latest news and information. Phivolcs records 2 ‘discrete weak ash explosions’ at Taal Volcano Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award It’s too early to present Duterte’s ‘legacy’ – Lacson Barcelona keeps big Liga lead as Messi attends birth of son Woods looked as though he might seize control after his birdie on No. 10 to reach 8 under, tied for the lead. He hit wedge into 7 feet below the hole on the par-5 11th, and another roar erupted. Woods missed.Approaching the 12th, where four small grandstands covered by tents and a large grandstand to the right of the green were filled with fans who were looking for reasons to let loose. Anything on the green would have sufficed, and Woods played it beyond the pin and used the slope to get the ball rolling back to 8 feet.At this point, the gallery was so delirious they couldn’t sync up their chants. Some were yelling, “Tiger! Tiger!” Others were yelling, “U-S-A!” Most were just screaming. And then Woods missed again.He dropped his only shot on the next hole when his tee shot sailed over the green into matted, thin grass where the gallery had been standing. He laid open a lob wedge and swung hard on a tough flop shot, only to come up short and into the bunker. About the time he was dropping a shot, Conners was across the lake at No. 12 and rolled in a 20-foot birdie putt to stretch his lead to two shots over Rose, three shots over Woods.Most of the fans in the bleachers had their backs turned to watch Woods. It was like that all day.“I was walking down the sixth and looked over to the fourth green,” Rose said. “I said to my caddie, ‘Have you ever seen those crowds?’ Eight-deep back there. It was a view that certainly wouldn’t have been the same had he not been playing. He’s on the leaderboard and challenging for the lead. I think it’s exciting to have him back for the casual golf fan, but now the true Tiger fans get excited.”And that includes Woods.“I am excited,” he said. “I feel like I’m playing a bit better and cleaner. I moved myself up the board. I know it’s packed up there, but at least I got a shot.”Woods hasn’t won since his seven-shot victory in the Bridgestone Invitational in August 2013. He hasn’t won a tournament when trailing going into the final round since the AT&T National at Congressional in 2012. It has been a remarkable return from his fourth back surgery just 10 months ago. And to think five months ago, Woods wasn’t sure if he would ever be able to compete at a high level. He said his doctors had not given him clearance to hit balls.And here he is, one shot out of the lead, and knowing that his work is not done.Rose holed out from 120 yards for eagle on the 11th hole, added a few birdies and got himself into the final group with a rookie who so far has shown the poise to block out everything around him.“This ignited it for me,” Rose said upon watching a replay of his eagle. “I was kind of getting a little frustrated, seeing the scores were decent. I needed something to happen. I made that one. I putted really, really well on the back nine. Every putt I had, I thought would go in. Fun day.”Snedeker, coming off a sternum injury that knocked him out of golf for the second half of last year, was equally impressive as the guy in his group everyone came to see. He twice matched birdies with Woods with 12-foot putts, and after falling two shots behind and the crowd getting louder by the hole for Woods, Snedeker battled back with a pair of birdies for a 67.He will play with Woods again in the final round and knows what to expect. This will be the fifth time Snedeker has played with Woods this year.“Loud as I’ve heard it in a long time,” Snedeker said.Sports Related Videospowered by AdSparcRead Next GALLERY: Barangay Ginebra back as PBA Governors’ Cup kings View comments So he at least knows what to expect.“I kind of knew what was going on without even having to see it,” Conners said. “But it will be cool. It’s fun seeing him out there today, and I’m sure he’ll be battling hard tomorrow. But hopefully, I can play my game and have a good day.”Conners smiled when he heard the cheer for Woods when he chipped in at No. 9.For so many years, such a roar caused far more consternation than celebration among the rest of the field. Conners grew up idolizing Woods for his 14 majors and 79 victories on the PGA Tour, and it was hard not to get caught up in so much hysteria.Conners still settled himself with a wedge he nearly holed on No. 9 for a birdie of his own.ADVERTISEMENTcenter_img Tiger Woods reacts after his birdie putt on the third hole during the third round of the Valspar Championship golf tournament Saturday, March 10, 2018, in Palm Harbor, Fla. (AP Photo/Mike Carlson)PALM HARBOR, Fla. — Tiger Woods chipped in from behind the ninth green and the roar was unmistakable, the tree-rattling variety that belongs to only one player in golf. Moments later, Woods raised the putter in his left hand as another birdie putt dropped for a share of the lead at the Valspar Championship.Corey Conners heard the whole round and it made him smile.ADVERTISEMENT Never mind that Conners had six birdies in his round of 3-under 68 for a one-shot lead Saturday as he tries for his first PGA Tour victory. Even the players trying to beat Woods got swept up in the emotions of seeing him closer than ever to having a chance to win again.“I can confirm he’s back. The roars are back,” said Brandt Snedeker, who was along for the ride with Woods and matched his 67. “It’s fun to hear the crowd going crazy again and realize how excited we are in having him back out here and play the way he is. He’s playing great.”FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkConners, the Canadian rookie in only his 17th start on the PGA Tour as a pro, saved par from the bunker on the par-3 17th and kept his cool when his ball moved slightly on the 18th green — no longer a penalty in those circumstances — before he tapped in for par.He was at 9-under 204 and will play with Justin Rose (66), who joined Woods and Snedeker at one shot behind. For the second straight day, Woods and his thousands upon thousands of fans will be ahead of him. 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