Operating Coal Mine For Sale
Coal mine for sale
Summary
Operating Coal Mine For Sale
Comes with 2 active mining permits, 500+ permitted acres.
The sale will include permits, leases, coal contracts, and equipment. The operating company is debt free and in good standings. There are about $2 million up in bonds that will need to be replaced. They are working on adding to the current permits so these numbers could go up.
There are close to 2000 acres estimated that could be leased from adjoining properties. There is a little under 2 million estimated tons of reserves on current leases.
The mine can produce 8,000-10,000 tons per month on each permit, running 5/10hr days per week (50hrs per week) with the equipment listed in production. If you add a second shift, you could more than double your production.
Mining Ratio 8:1
This is a complete turnkey opportunity.
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