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Leer South coal mine is an underground mine, operated by Wolf Run Mining, LLC, a subsidiary of Arch Resources near Grafton, West Virginia, United States.[1]
The mine began operation in August 2021.[2]
Location
The satellite photo below shows the mine near Grafton, Taylor County, West Virginia, United States.
Background
The was initially proposed with a 3 million short ton capacity,[1] but went into operation with a capacity of 4 million short tons.[2]
Financing
Arch Resources has set an overall budget for the Leer South mine of US$360 million-US$390 million.[3]
S&P Global has reported on how Arch has turned to the bond markets to help finance the project, with four recent issues: US$45.0 million in tax-exempt bonds through the West Virginia Economic Development Authority; a similar US$53.1 million offering in 2020; a US$54 million equipment financing facility in early 2020, and; a further US$135.0 million bond issue in October 2020.[4] Describing the 2020 US$53.1 million transaction as "a novel application of tax-exempt financing for the metallurgical coal industry," IJGlobal reports that Citi was the arranger of this bond issue.[5]
Project Details
- Owner: Wolf Run Mining, LLC[1]
- Parent company: Arch Resources
- Location: Grafton, Taylor County, West Virginia, United States
- GPS coordinates: 39.340035, -79.976191
- Mine status: Operating
- Start year: 2021[1]
- Production: 4 million tons per year[1]
- Mineable reserves:200 million tons[1]
- Mine type: Underground[1]
- Mining method: Longwall
- Coal type: Bituminous (met coal)[1]
- Mine size:26,000 acres
- Mine depth: 550 feet
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 Arch Resources, Operations, Company Website, accessed July 13, 2020
- ↑ 2.0 2.1 Morgan Snook,US met coal miner Arch starts production at Leer South Longwell Mine, S&P Global, September 9, 2021
- ↑ Hector Forster, Arch Resources presses on with 2021 startup at Leer South met coal mine, S&P Global, Jul. 29, 2020
- ↑ Taylor Kuykendall, Shut off from conventional capital, US coal companies seek creative options, S&P Global, Jun. 2, 2021
- ↑ Arch Resources Bond Facility 2020, IJGlobal, accessed Jun. 10, 2021