Inmet Mining seeks approval of bid procedures for Pigeon Creek assets

By Sarah Lizee

Olympia, Wash., June 12 – Inmet Mining, LLC is seeking approval of bid procedures for substantially all of its assets located in Virginia involving the Pigeon Creek processing plant and Osaka mine, according to a motion filed Friday with the U.S. Bankruptcy Court for the Eastern District of Kentucky.

Prior to the petition date, the debtor was in negotiations to sell the Pigeon Creek assets to an identified buyer. The discussions continued after Inmet filed bankruptcy and the parties intended to file a private sale motion.

Due to recent events, however, the debtor said it has determined that it is in the best interests of the estate to sell the Pigeon Creek assets through a bid and auction process.

The bid procedures and related timeline are in line with the company’s court-approved bid procedures for its Kentucky assets.

Inmet is proposing a bid deadline of 5 p.m. ET on June 30, a July 6 auction and a July 12 sale hearing.

The Knoxville, Tenn.-based coal mining company filed Chapter 11 bankruptcy on April 5 under case number 23-70113.

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