The Tennessee acquisition includes approximately 33,000 acres containing an estimated 43 million tons of proven and probable high-quality thermal coal reserves in the Central Appalachian coal basin.
Middlesboro will primarily serve the industrial coal markets and will continue Appolo’s long-standing supply relationships with numerous “blue-chip” customers.
Assets acquired in the transaction include all permits, contracts and real property leases associated with the operations, as well as all related infrastructure, including a preparation plant, a fully permitted refuse facility and a dual-service unit train load-out facility providing access to both the CSX and Norfolk Southern rail networks.
The operations’ mix of surface, highwall, and underground mines will be overseen by mining executive William Snodgrass, who has managed the Middlesboro Operations in the past and is currently chief operating officer of JW Resources.
