The Project: Coal Mine in TN Over 15,000 mineral acres under lease with multiple seams for Coal Several Hundred acres has been most recently strip mined (includes mining equipment) There is a mining permit/bond in place You will pay NO Royalty as the minerals are owned outright Over 80 Million tons of in-place Reserves to be mined
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The producer also began coal sales to its second customer, Indiana-Kentucky Electric Corporation, at the end of September, and generated sales of about $57 million All sales and production came from Paringa's Buck Creek Complex in western Kentucky Salable coal production in Q3 totaled about 143,000 st, up from 26,700 st the prior quarter
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Hager Equipment Company was founded in the late 1950’s as a manufacturers’ representative company serving the underground coal and iron ore mines and steel mills in Alabama and Tennessee In 1980 the company was purchased by Black Diamond Coal at which time our President, Keith Ginwright came on board as sales/field service engineer
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