Operating Coal Mine For Sale
Comes with 2 active mining permits, 500+ permitted acres.Â
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. Â
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. Â
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.Â
Mining Ratio 8:1Â
This is a complete turnkey opportunity. Â
Eastern Kentucky
3 minable seamsÂ
Seam 1 runs on average - 24 inchesÂ
Seam 2 runs on average - 14 inchesÂ
Seam 3 runs on average -50 inchesÂ
Total inches of minable coal - 88 inchesÂ
Coal QualityÂ
Seam 1- BTU 12,200, Sul 1.2, Ash 8Â
Seam 2- BTU 12,200, Sul 1, Ash 8Â
Seam 3- BTU 11,900, Sul 1, Ash 9Â
Cost of Mining EstimatesÂ
$40-$45 per ton for miningÂ
$15.00 per ton haul bill to riverÂ
$2.50-$3.00 per ton for leaseÂ
$1.00 per ton for Engineering feeÂ
$0.25 per ton for wheelageÂ
$0.50 per ton Consulting feeÂ
Price of Central Appalachian Coal 09/30/2022Â
$190.00-$205.00 depending on specÂ
Equipment List IncludedÂ
1-CAT D11Â
1-CAT D10Â
1-CAT D9Â
3-CAT D8Â
2-CAT 992DÂ
2-CAT 775DÂ
2-CAT 775EÂ
1-CAT 990Â
2-CAT 980Â
1-CAT 988Â
1-CAT GraderÂ
2-Drill Tech 45Â
1-John Deere Excavator Â
2-CoaltrucksÂ
1-Lube TruckÂ
1-Water Truck/Pressure WasherÂ
1-Office TailerÂ
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