MARKETS

Rhino picks up West Virginia met properties

KENTUCKY-based Rhino Resources has increased its metallurgical holdings in Appalachia with the takeover of 32,600 acres of resources and surface rights in West Virginia.

Donna Schmidt
Rhino picks up West Virginia met properties

The properties in Randolph and Upshur counties were acquired from an unnamed seller for $US7.5 million.

Rhino says the development-stage resources are currently unpermitted and no infrastructure exists. It will now do a full exploration to determine mineability via underground methods.

"We believe [the property] gives us exposure to a potentially significant amount of metallurgical coal resources at a very reasonable cost,” Rhino GP president and chief executive officer David Zatezalo said.

“We hope to be mining in this geographic area on a long-term basis."

The producer’s assets include both steam and met coal properties in central and northern Appalachia, the Illinois Basin and the Western Bituminous region.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.