Coal Age

JUN 2013

Coal Age Magazine - For more than 100 years, Coal Age has been the magazine that readers can trust for guidance and insight on this important industry.

Issue link: http://coal.epubxp.com/i/138480

Contents of this Issue

Navigation

Page 29 of 67

news continued Company Profile - Paid Advertisement Alliance WOR Properties LLC, a subsidiary of Tulsa, Okla.based Alliance, in September 2011 acquired from White Oak the rights to about 204.9 million tons of proven and probable highsulfur steam coal reserves from the Herrin No. 6 coal seam in southern Illinois for $33.8 million in cash. Hamilton County is adjacent to White County, Ill., where Alliance's Pattiki underground continuous miner operation is located. In 2012, WOR Properties provided $34.6 million to White Oak for development of the acquired coal reserves, fulfilling its initial commitment for further development funding, said Alliance. During the first three months of 2013, WOR Properties acquired from White Oak for $12.1 million cash an additional 42.2 million tons of reserves, of which 21.9 million tons currently are being developed for future mining by White Oak. WOR Properties has a remaining commitment of $42.5 million for additional coal reserve purchases and development funding. White Oak 1 began producing development coal earlier this year. The mine is targeted to produce 6 million to 6.5 million tons of coal annually once the longwall is in operation, probably by 2015. The coal is expected to be marketed in both domestic and export thermal coal markets. Alliance, which also operates mines in Central Appalachia and Northern Appalachia, said it expects to produce about 39 million tons of steam coal this year, up from 34.8 million tons in 2012. Atlantic Coal Ramps Up Output Luber-finer®, a trusted brand from FRAM Filtration, offers a complete array of oil/lube, air, fuel, coolant, hydraulic and cabin air filters that have been specifically designed to meet the challenges of harsh mining operations. Luber-finer filtration equipment will help keep your machinery running at peak performance while protecting the major heavy-duty equipment investments that mining companies make. For more information about Luber-finer filtration solutions for the mining industry, please visit www.luber-finer.com/mining. Luber-finer has been a trusted name in filters for more than 76 years, offering quality solutions for all automotive, on-highway trucking, and off-road trucks/vehicles, marine, mining, construction, agricultural and oil and gas industry applications. Today, Luber-finer is Built To Do More™ by offering exceptional customer service, leading product development and unique digital strategies that help customers improve their performance and efficiency. For more information on Luber-finer heavy-duty filtration products, please visit www.luberfiner.com or call (800) 851-3641. FRAM Filtration is one of the world's largest suppliers of filters and filtration products. FRAM Filtration supplies products through industry-leading brands such as FRAM ® , Luber-finer ® and PetroClear®. Through its brands, FRAM Filtration serves the automotive, heavy-duty trucking and several industrial markets. The company operates through a global network of manufacturing facilities, distribution centers and offices located throughout the United States, Canada, Mexico, Europe and China. For more on FRAM Filtration, please visit www.fram-filtration.com. 28 www.coalage.com On the heels of record output from its first anthracite mine in the United States, the Stockton surface operation in Luzerne County, Pa., British-based Atlantic Coal plc is actively developing a second opencast anthracite mine about 25 miles away in the Keystone state. Stockton produced a record 161,529 tons of clean coal and had sales of more than 140,000 tons in 2012, easily eclipsing 2011 production and sales of 100,000 tons and 106,000 tons, respectively. Stockton's improvement strengthened Atlantic's revenues to nearly $14 million in 2012 and resulted in a net group profit of more than $4 million. In the first quarter of 2013, Stockton produced and sold more than 53,000 tons of clean coal, a 67% increase over its year-earlier output, placing it on track to turn out more than 200,000 for the entire year. Sales for the first three months of 2013 were up 91% from a year ago. Atlantic decided this spring to advance development of its second mine, at the 410-acre Pott & Bannon site. Like Stockton, the Pott & Bannon mine will produce coal from the high quality Mammoth seam. Atlantic believes the site could contain up to 13.6 million tons of run-of-mine coal, equating to approximately 4.1 tons of washed, saleable anthracite. "We will be actively pursuing an early route to production," Atlantic said in May. "We have agreed…to use our best endeavors to deploy mining equipment at the property to achieve a minimum production" of 400,000 tons of run-of-mine coal in a year or so, providing market conditions warrant such a level of production. Atlantic calls its acquisition of the Pott & Bannon reserves earlier this year a "transformational transaction" for the company. June 2013

Articles in this issue

Links on this page

Archives of this issue

view archives of Coal Age - JUN 2013