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James River Coal and Subsidiaries Report Payment of $2,600,000 in Black Lung Benefits During the Third Quarter of 2005
For the third quarter of 2005, James River Coal Company and subsidiaries produce steam and industrial grade coal in Central Appalachia has reported a net loss of $2.2 million or $0.14 per fully diluted share.
The black lung benefits reported by the company for the second quarter of FY 2005 were in the same ballpark: Noncurrent portion of black lung benefits being $23,496,000 and the actual blacklung benefits payout during the FY 2005 Q2 being $2,600,000.
James River Coal Company's operations are located in the Central Appalachian coal basin. Their subsidiaries include: Bell County Coal Corporation - Middlesboro, Kentucky, Bledsoe Coal Corporation - Big Laurel, Kentucky, Blue Diamond Coal Company - Slemp, Kentucky, Leeco, Inc. - Jeff, Kentucky, and McCoy Elkhorn Coal Corporation - Kimper, Kentucky.