Justice Announces Democratic Bid for Governor, GOP Pushes Back

Billionaire coal baron and owner of The Greenbrier Jim Justice has officially announced his bid for governor.

Hundreds gathered at the White Sulphur Springs Civic Center as Justice made the official announcement Monday after rumors of his intentions spread like wildfire throughout the state last week.

The owner of The Greenbrier and Southern Coal, which operates mines in five Appalachian states, said the idea of holding the state’s top political office has been in his mind for years, but the former long-time Republican said he’ll run as a Democrat.

“I am much more suited to be a Democrat because I truly want to be the person that is trying to take up for the little guy,” Justice said during a press conference after his announcement.

He has not officially filed his pre-candidacy papers for the office yet, but is expected to do so early Tuesday morning.

Justice said he’ll focus on creating jobs in West Virginia, especially in the southern coalfields which he called “hopeless,” but shared few ideas of how to create those jobs.

In fact, during his twenty minute speech and following press conference, Justice shared little in the way of policy ideas, instead choosing to focus on why he’s running for the office and his desire to turn the state around.

The West Virginia Republican Party has already started lashing out against the newly minted candidate, pointing out his company’s delinquent mine safety fines.

An investigative report by NPR from November showed Justice’s mining company owes more than $2 million in delinquent mine safety fines to the federal Mine Safety and Health Administration.

NPR’s reporting says injury rates at those mines were nearly double the national average. An official with the mining company told NPR Monday they are in the process of paying off those delinquent fines, making $100,000 payments each month.

“In all honesty, in the coal business today, we do have obligations,” Justice said when questioned about the fines. “When it all really boils right down to it, we will take care of them.”

So far, only state Senator Jeff Kessler has also registered to run for the Democratic nomination.

Congressman David McKinley, Senate President Bill Cole and Attorney General Patrick Morrisey are all considering runs on the Republican side.

Will Billionaire Jim Justice Run for W.Va. Governor?

Billionaire businessman Jim Justice is slated to announce his intentions in the 2016 West Virginia governor's race. Justice's announcement will come…

Billionaire businessman Jim Justice is slated to announce his intentions in the 2016 West Virginia governor’s race.

    

Justice’s announcement will come Monday afternoon at the White Sulphur Springs Civic Center.

Larry Puccio, Justice’s lobbyist, confirmed the event Friday.

A coal executive and owner of The Greenbrier resort, Justice has expressed interest in running as a Democrat.

Forbes.com has listed his worth at $1.6 billion.

Justice would be the second Democrat to make an official move toward running. State Senate Minority Leader Jeff Kessler opened a pre-candidacy campaign account to raise funds for the race.

For Republicans, state Senate President Bill Cole, Attorney General Patrick Morrisey and Congressman David McKinley are the main possible contenders.

Democratic Gov. Earl Ray Tomblin is hitting his limit of two consecutive terms and can’t run.

Greenbrier Owner Jim Justice: Decision on Gubernatorial Run Coming in Two to Three Weeks

Greenbrier resort owner Jim Justice says he expects to make a decision in two to three weeks on whether he'll run for governor in West Virginia in 2016.He…

Greenbrier resort owner Jim Justice says he expects to make a decision in two to three weeks on whether he’ll run for governor in West Virginia in 2016.

He told The Associated Press on Wednesday his interest is based largely on helping West Virginia’s economy.

The 63-year-old Democrat says he’s also been a registered Republican and an independent voter.

Democratic Gov. Earl Ray Tomblin has reached his term limit. Democratic U.S. Sen Joe Manchin said Sunday he would seek another Senate term in 2018 rather than run for governor.

Other possible candidates who haven’t announced they will run for governor include Republican state Senate President Bill Cole, state Attorney General Patrick Morrisey and U.S. Rep. David McKinley, and Democratic Senate Minority Leader Jeff Kessler and U.S. Attorney Booth Goodwin.

Southern Coal to Hire 100 Miners

Southern Coal Corp. says it plans to hire 100 miners at four surface mines in Kentucky, Virginia and West Virginia.

Two mines are in Wise County, Virginia. One is in Letcher County, Kentucky, and the other is in Raleigh County, West Virginia. 
The company says the mines currently employ a total of about 200 workers.
 
The Bristol Herald Courier reports that Southern Coal announced the hiring plans on Wednesday.

Southern Coal is owned by Jim Justice, owner of The Greenbrier in White Sulphur Springs, W.Va..  In a news release the company says it has entered into a multi year agreement with American Electric Power to be able to save jobs and restart the mines.
    

Justice Says Coal Operations Buyback Includes Liabilities

Billionaire Jim Justice says his buyback of coal mining operations in West Virginia includes some big liabilities.

Justice completed the $5 million acquisition of Bluestone Inc. from Russian mining and metals company Mechel OAO last month. He had sold Bluestone’s mining operations to Mechel in 2009 for $436 million in cash and more than $83 million in preferred shares.

Justice tells The Charleston Gazette that he assumed responsibility for the company’s reclamation costs. He says there’s also a pension liability, worth tens of millions of dollars, and taxes Mechel owed to counties where the mines operated.

West Virginia Environmental Protection Secretary Randy Huffman says the mining operations’ reclamation costs could be up to $60 million.

Justice Buys Back Coal Company

Billionaire Jim Justice has reacquired coal mining operations in West Virginia that he sold to Mechel OAO in 2009.

The Russian mining and metals company said Wednesday that it has closed on a deal to sell Mechel Bluestone Inc. to a company owned by the Justice family.

The company says in a news release that the deal includes an immediate $5 million cash payment and coal royalty payments of $3 per ton. Mechel also would receive a portion of any future sale of Mechel Bluestone or its assets.

Mechel CEO Oleg Korzhov says in the release that Mechel Bluestone has lost about $60 million annually on average since 2012.

Justice told media outlets on Tuesday that he plans to reopen the company as Bluestone Resources and create 150 jobs.

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