Black Diamond Mining seeks to extend its access to cash collateral

By Jennifer Lanning Drey

Portland, Ore., June 5 - Black Diamond Mining Co., LLC requested court approval to extend its access to the cash collateral of its pre-bankruptcy lenders to July 31, according to a Thursday filing with the U.S. Bankruptcy Court for the Eastern District of Kentucky.

Access to the cash collateral is set to expire on June 9.

Black Diamond, based in Prestonsburg, Ky., produces and markets Central Appalachian steam and stoker coal. The company filed for bankruptcy on Feb. 19, 2008. Its Chapter 11 case number is 08-70066.

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