No qualified buyers have been identified yet for an Australian-owned coal mine in western Kentucky that’s up for sale.
The round of bidding by qualified buyers closed earlier this month in the sale of Hartshorne Mining, the U.S. company operating the Poplar Grove mine in McLean County that filed for bankruptcy in February.
Hartshorne is a wholly-owned subsidiary of Paringa Resources, based in Perth, Australia.
Hartshorne’s major lender, Tribeca Global Natural Resources, and its agent for the sale, reports that there were no qualified buyers for the mine, equipment and other assets.
The Tribeca report says that “significant headwinds have both directly and indirectly impacted the sales process.”