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Warrior Met Coal to Begin Development of Blue Creek Hard Coking Coal Project

Coal News - Published on Fri, 21 Feb 2020

Image Source: Warrior Met Coal Blue Creek Mine
Warrior Met Coal Inc announced that it is commencing development of its Blue Creek reserves into a new, world-class longwall mine located in Alabama near its existing mines. Warrior Met Coal CEO Walt Scheller said “We are extremely excited about our organic growth project that will transform Warrior and allow us to build upon our proven track record of creating value for stockholders. Blue Creek is truly a world-class asset and our commitment to this new initiative demonstrates our continued highly focused business strategy as a premium pure-play met coal producer.”

The Blue Creek development will be a single longwall mine and is expected to have the capacity to produce an average of 4.3 million short tons per annum of premium High-Vol A met coal over the first ten years of production.

Once fully developed, the Company expects Blue Creek to increase Warrior’s annual production capacity by 54% and expand its product portfolio to its global customers, offering three premium hard coking coals that are expected to achieve the highest premium met coal prices in the seaborne markets. Warrior controls approximately 114 million short tons of recoverable reserves at Blue Creek and has the ability to acquire adjacent reserves that would increase total recoverable reserves at the mine to over 170 million short tons. Blue Creek is expected to have a mine life of approximately 50 years assuming a single longwall operation.

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Posted By : Yogender Pancholi on Fri, 21 Feb 2020
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