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.
Rhino picks up West Virginia met properties Rhino picks up West Virginia met properties Rhino picks up West Virginia met properties Rhino picks up West Virginia met properties Rhino picks up West Virginia met properties

 

Donna Schmidt

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.

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