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American Resources to Acquire 2 Miners for Perry County Resources Mining Complex

Coal News - Published on Wed, 12 Aug 2020

Image Source: American Resources Perry County Resources Mining Complex
American Resources Corporation announced that the Company has signed a contract to acquire two additional continuous miners for their Perry County Resources mining complex in Hazard in Kentucky. The PCR complex was acquired in September 2019 and has undergone a major restructuring. In anticipation of restarting the PCR complex within the next thirty days, American Resources is expanding its fleet of continuous miners to fit its restructured and low-cost operating model. With the addition of the two continuous miners the Company will now have six continuous miners as it restarts and ramps production.

Over the next twelve months, American Resources anticipates ramping up carbon production at PCR to have five continuous miners in operation with two super sections and one bridge section, allowing the mine to scale with maximum efficiency. The Company also anticipates adding additional continuous miners to the fleet at PCR to have a high degree of redundancy to minimize any unexpected equipment down-time. Additionally, the Company is anticipating through its forecasted production schedule to ramp the PCR complex to over 1.0 million tons of carbon per year to be shipped on the PCI, semi-soft metallurgical carbon and specialty stoker markets.

Production at PCR has been idle during the COVID-19 outbreak to ensure a safe working environment, to protect the health of its employees and others, to mitigate the spread of the virus, and to better navigate the global economic disruption. With its restart, American Resources expects the complex to support approximately 140 long-term, sustainable jobs for the community.

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Posted By : Yogender Pancholi on Wed, 12 Aug 2020
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