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A federal judge has approved the sale of a helicopter surrendered by one of Gov. Jim Justice's coal companies to an Indian construction technology firm. The sale follows the Justice company, Bluestone Resources Inc., failing to pay a $13 million judgment awarded to Caroleng Investments Limited in a coal production-related dispute.
A proposal for the sale of a helicopter surrendered by one of Gov. Jim Justice's coal companies amid debt stemming from a $13 million federal court judgment has been proposed. India-based B G Shirke Construction Technology Pvt., is poised to buy the chopper for $1.4 million.
It has taken Gov. Jim Justice little time to depict federal regulators as anti-coal miner agents of economic distress, but it has taken Justice’s coal companies much longer to agree to pay fines for failing to keep their miners safe. U.S. Rep. Alex Mooney, R-W.Va., a Justice opponent in the 2024 Senate race, has criticized the Justice coal companies for their business troubles and failure to provide uninterrupted prescription drug coverage. But Mooney also has drawn scrutiny for treatment of workers: his own congressional staff.
A federal judge has approved liens a surety company has been seeking on eight of Gov. Jim Justice’s companies in response to what the firm says has been his failure to pay an $8.5 million court-ordered judgment.
Bluestone Resources Inc. (CVE:BSR – Get Free Report) shares rose 3.5% during mid-day trading on Tuesday . The stock traded as high as C$0.59 and last traded at C$0.59. Approximately 10,000 shares were traded during trading, a decline of 92% from the average daily volume of 120,003 shares. The stock had previously closed at C$0.57. […]