Knox Creek Mine
We acquired this preparation plan, coal-loading facility idle mine in 2016. We are currently evaluating the feasibility of metallurgical deep mine at the location, and initial production could begin in late 2019 or early 2020.
In July 2016, we acquired from Alpha Natural Resources, Inc. (“Alpha”) (i) a preparation plant and coal- loading facility along with a refuse impoundment and (ii) an idle mine at its Knox Creek operations (the “Knox Creek Acquisition”).
We are currently evaluating the feasibility of a potential metallurgical deep mine in the Jawbone seam of coal, which would be accessed through the same portal and slope as the idle mine.
Assuming the Jawbone seam mine meets our economic and geologic thresholds for development, we project initial production could begin at Knox Creek in late 2019 or 2020. We are currently developing our mine plan for the Jawbone Seam.
The Knox Creek property consists of approximately 43,281 acres of controlled mineral. In October 2016, we also began processing coal purchased from third parties in the Knox Creek preparation plant for sale for our own account through RAMACO Coal Sales, LLC, our wholly-owned subsidiary. We will process and load coal mined from our Berwind coal reserve and from the Knox Creek Jawbone seam mine at this facility.