bonding

A spokesman for the Navajo Transitional Energy Company says he can't comment because the bond negotiations are active.

Blackjewel attorneys say the companies will seek replacement bonds.

Self-bonds are reclamation obligations that a company essentially promises to pay, based on the health of a company's balance sheet.

At issue is how to pay for cleaning up two Wyoming coal mines owned by Alpha Natural Resources should they close.

“Former Wyoming Governor Dave Freudenthal is a board member, and it’s not clear exactly how much each board member got, or where those bonuses went.”

$75 million in place of Arch Coal's $486 million in bonding obligations in the state while the company goes through bankruptcy.