Appalachian coal miner James River Coal Co. filed for Chapter 11 bankruptcy protection Monday as it continues its search for a buyer or investor. The Wall Street Journal in February reported that the Richmond, Va., company , an effort the company will continue in Chapter 11. “We took this action to restructure under Chapter 11 because it will allow us to adjust the balance sheet and improve our liquidity in a controlled and definitive manner,” James River Chairman and Chief Executive Peter T. Socha said Monday in a statement. “We will also continue to explore and evaluate potential strategic alternatives for the company, such as a capital investment through a plan of reorganization or a sale of one or more portions of the company.” The company, which sells coal to electric utilities and industrial customers, said it has secured a $110 million bankruptcy loan to help it fund its […]