Blackhawk Mining LLC said it’s the winning bidder in a bankruptcy auction for most of Patriot Coal Corp.’s assets, Bloomberg News reported yesterday. Patriot in May selected Lexington, Ky.-based Blackhawk as the stalking-horse bidder in an auction to set a benchmark price for most of the bankrupt producer’s assets. Earlier that month, Patriot filed for chapter 11 for the second time in less than three years. Blackhawk has been feasting on defunct companies. The producer, owned by Mitch Potter, son of a Kentucky coal entrepreneur and backed by Stellus Capital Investment Corp., bought assets from James River Coal Co. out of bankruptcy last year.
