James River Coal Co. (Nasdaq: JRCC), a Richmond, Va..-based coal company, plans to continue to explore a sale or complete a restructuring process through its Chapter 11 case. The company filed in the U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond, listing assets and liabilities between $500 million and $1 billion on April 7.

James River produces and markets coal in Central Appalachia and the Midwest U.S., which is primarily sold to steel mills and independent coke producers, to produces coke for steel manufacturing. The company also sells coal to electricity generators, industrial users and steel producers in various countries.

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