Posted on 09/07/2016 10:01:26 AM PDT by 2ndDivisionVet
Mines are closing and the coal industry is facing a run of bankruptcies and other bad news, but a company backed by a $90 million investment is defying conventional wisdom by preparing to open two new mines in Appalachia, the hardest-hit coal region.
The mines in West Virginia and Virginia will create some 400 jobs in counties where unemployment ranges close to three times the national average, Ramaco Development CEO Randall Atkins told The Associated Press.
"It's a fairly big deal, frankly, for southern West Virginia," Atkins said....
(Excerpt) Read more at abcnews.go.com ...
Apparently there is a growing demand for metallurgical coal. Steam coal for power generation, not so much. Also, if they can reopen without unions, the company might make a go of it.
Plans in place until Nov 10? It’s part of the hopey changey thing.
Yeah, they know Trump is about to be elected, and the Obama Regime’s illegal attacks on the coal industry will be swept away.
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