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Warrior Met Coal New mine in Alabama receives Tax Breaks

Coal News - Published on Tue, 25 Feb 2020

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The Tuscaloosa County Industrial Development Authority has provided the more than USD 26 million in tax breaks to Warrior Met Coal Inc, which is planning a USD 500 million project that will create about 350 jobs in the area. The Authority said “The company will get about USD 18 million in tax breaks during construction and another USD 8.5 million in abatements over a decade. The company is expected to pay some USD 61 million in taxes over 20 years.”

Work is supposed to begin on March 1, with production set to start in early 2025.

Located in Brookwood, Warrior uses underground, long-wall mining to extract coal used in steel production in Europe, South America and Asia.

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Posted By : Rabi Wangkhem on Tue, 25 Feb 2020
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