Tag: American Resources

REE, lithium production returns to the United States

NAM Staff

American Resources’ wholly owned subsidiary ReElement Technologies received an initial certificate of occupancy for its Marion, Ind., Advanced Technology Center earlier this year. ReElement said the center will be the world’s first complete mine-to-manufacturing circular refining facility. “This milestone is another successful step in how we are supporting the reshoring of domestic manufacturing of clean tech applications, bringing jobs back…

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American Resources finds buyer for carbon mining assets

NAM Staff

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

NAM Staff

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…

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American Resources commissions McCoy Elkhorn plant

NAM Staff

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…

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American Resources expands McCoy Elkhorn with acquisition

NAM Staff

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…

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