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The coal company’s downfall is the eighth since 2017.
Once the source of over 40 percent of the country’s power, coal produced 28 percent in 2018.
And in the summer of 2019, Revelation Energy and its affiliate Blackjewel filed for bankruptcy protection along with Cambrian Coal and Cloud Peak Energy.
© 2021 Institute for Energy Economics & Financial Analysis.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Foresight Energy | 2006 | $778.8M | 856 | 40 |
| Arch Resources | 1969 | $3.1B | 3,790 | 9 |
| BNI COAL | 1949 | $44.5M | 300 | - |
| CrownQuest Operating | 1996 | $57.6M | 60 | - |
| Cordero Mining Company | 1982 | $2.4M | 5 | - |
| Patriot Coal | 2007 | $24.0M | 3,500 | - |
| GMS Mine Repair | 1982 | $28.2M | 100 | - |
| Alpha Metallurgical Resources | 2002 | $3.0B | 3,000 | - |
| Strata Worldwide | 1992 | $22.2M | 50 | 2 |
| Cliffs | 1847 | $19.2B | 25,000 | 176 |
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