Leer South coal mine
|This article is part of the Global Coal Mine Tracker, a project of Global Energy Monitor.|
Leer South coal mine is a proposed underground mine, operated by Wolf Run Mining, LLC, a subsidiary of Arch Resources, designed to produce 3 million tons of per annum, near Grafton, West Virginia, United States.
The satellite photo below shows the mine near Grafton, Taylor County, West Virginia, United States.
- Owner: Wolf Run Mining, LLC
- Parent company: Arch Resources
- Location: Grafton, Taylor County, West Virginia, United States
- GPS coordinates: 39.341299,-79.976028
- Mine status: Proposed
- Start year: 2021
- Production: 3 million tons per year
- Mineable reserves:200 million tons
- Mine type: Underground
- Mining method: Longwall
- Coal type: Bituminous (met coal)
- Mine size:26,000 acres
- Mine depth: 550 feet
Arch Resources has set an overall budget for the Leer South mine of US$360 million-US$390 million.
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. 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.
- Arch Resources, Operations, Company Website, accessed July 13, 2020
- 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