A new motion with the federal bankruptcy court asks for approval for $5 million in financing to provide for security at Blackjewel LLC's shutdown coal mines, including the Eagle Butte and Belle Ayr mines in Campbell County.

A provision of the motion also stipulates that Jeff Hoops Sr., the company's president and CEO, and any of his family associated with Blackjewel will resign or be removed from the business nor have any access to the company's financial accounts.

A hearing on this motion is scheduled to begin soon and we'll update this post as we learn more.

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