Nearly 18 months after taking over operations of the Eagle Butte and Belle Ayr mines in Campbell County, Eagle Specialty Materials has worked out a deal settling tens of millions of dollars worth of unpaid federal coal taxes and royalties.

The deal, which will go before a federal bankruptcy court judge March 3, would allow ESM to come to terms on nearly $62 million in back federal royalty payments and interest left unresolved in the Blackjewel LLC bankruptcy. ESM bought the mines from Blackjewel in October 2019 as part of a bankruptcy sale.

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