In the past five years, coal output is down 27%, triggering a wave of bankruptcies. No state has suffered more than Wyoming, the nation's largest coal producer, accounting for 40% of the nation's output.
— filed for Chapter 11 bankruptcy protection within two months of each other this year. Blackjewel's filing abruptly threw nearly 600 miners out of work in July.
Coal production statewide through the first half of this year is down 30% from the same period five years ago, according to the. A key state revenue source, bonuses paid to the state by mining companies based on their federal coal leases, has all but dried up. The payments totaled nearly $220 million as recently as 2016. That figure plummeted to around $5 million last year."The difficult thing for Wyoming really comes to our education funding," he told CNBC.
"We only operate with cash on hand," she said. "We don't use forecasted money, because we just don't know." Compounding the problems for Wyoming and its mining companies is a long-running dispute with West Coast states that have refused to open their ports to coal exports.state, citing environmental concerns, has blocked plans by privately-held Lighthouse Resources to export coal from its mines in Wyoming and Montana through a terminal it wants to develop in Longview.
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