American Resources said its subsidiary American Carbon has entered into a letter of intent to sell its carbon mining assets to an undisclosed strategic party for the total consideration of $280 million. The sale includes the assets of American Carbon’s McCoy Elkhorn Coal, Perry County Resources and Wyoming County Coal operating subsidiaries including certain debts and environmental reclamation bonds. “As…
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American Resources to sell non-core Deane Mining assets
Central Appalachian-focused American Resources said its American Carbon subsidiary has entered into a binding letter of intent to sell certain assets associated with the Deane Mining complex in eastern Kentucky for $20.6 million. The sale “will further position American Carbon as a low-cost, streamlined, and pure play growth platform in the metallurgical carbon industry,” said Mark Jensen, CEO of American…
Read MoreAmerican Resources commissions McCoy Elkhorn plant
Met coal producer American Resources has commissioned its McCoy Elkhorn processing facility in Pike County, Kentucky, for both internal and third-party processing as well as carbon-loading businesses, hedging its bets on enhanced production margins. The plant property, which has two facilities at 500-tons-per-hour and 800 t/h for a 1,300 t/h combined capacity, offers access to full logistics and two extensive…
Read MoreProduction in motion at Carnegie 2
American Resources has commenced production at its Carnegie 2 underground metallurgical coal operation in Pike County, Ky., ahead of schedule and with offtake that is already committed.
Read MoreAmerican Resources furthers investment in RE with ETI purchase
Indiana coal operator American Resources, which has consistently solidified its commitment to rare earths and carbon technology, has added additional capabilities to its next-gen arsenal with the purchase of RE and battery metals extraction group Energy Technologies Inc. (ETI).
Read MoreAmerican Resources expands McCoy Elkhorn with acquisition
Appalachian coal miner American Resources said it has added to its near-term production opportunities, particularly at its McCoy Elkhorn complex in Kentucky, with the acquisition of operating rights to a PCI surface mine in Pike County. Production from the newly added operation will be transported approximately 15 miles to the company’s processing facilities at McCoy Elkhorn; the company anticipates selling…
Read MoreAmerican Resources doubling production at Carnegie No. 1
Coal miner American Resources will soon be boosting its production from the Carnegie No. 1 met coal mine in Pike County, Ky., to double its monthly output thanks to the addition of a second Joy 14CM15 continuous miner to its equipment fleet.
Read MoreAmerican Resources pushes ahead with landmark project
American Resources has received the final green light on a permit for the first commercial-scale rare earth and battery metal isolation and purification facility in the United States.
Read MoreAmerican Resources taps contractor for Carnegie mine
American Resources has selected a contract miner to run production at its Carnegie 2 metallurgical carbon mine in Pike County, Ky.
Read MoreAmerican Resources Constructing REE plant
American Resources confirmed its plans to build a 2-kilowatt mobile electrolytic cell rare earth (REE) processing plant. It did not release the location where will the plant will be hosted, but the coal miner said the plant is part of its overall mission to bring its REE process chain technology program to a commercial scale. Project managers were, at press…
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