American Resources Corp. announced that it has begun selling and shipping metallurgical coal produced from its recently reopened Carnegie 1 mine. Located in Pike County, Kentucky, the company’s Carnegie 1 mine is an underground mine producing high vol met coal from the Lower Alma seam and is part of both the company’s broader Carnegie mining complex and its McCoy Elkhorn processing and logistics facility. Coal extracted from the Carnegie mines is transported to the nearby McCoy Elkhorn complex where it is processed, loaded and shipped to customers.
“It’s always a rewarding day for our team when we see our efforts bear fruit by getting our first Carnegie mine reopened, as well as our McCoy Elkhorn facility, up and running and now shipping carbon to our steel customers,” said American Resources CEO Mark Jensen. “We are in a very fortunate spot to be expanding production of high-quality, steel-making carbon in a market that is seeing constrained supply struggling to meet worldwide infrastructure demands. The changes our team has made at this complex are focused on safety, cost and efficiency. While the Carnegie 1 mine was in production briefly before the COVID-19 pandemic hit our region, the mine is essentially new, allowing us to efficiently produce a quality product with decades of mine life. Our Carnegie 2 mine will subsequently be brought online in short order as we have already invested the development capital and have secured the contract mining company to operate this new mine which will access the same boundary of carbon from a different direction as our Carnegie 1 mine.”
In addition to its Carnegie 1 and Carnegie 2 mines, the company has plans to develop the Carnegie 3 mine and its Carnegie Surface mine to supplement the complex’s overall production at the facility. The company is also evaluating upgrading the McCoy Elkhorn prep plant to produce a mini stoker industrial product for the specialty alloy metal marketplace given that market’s consistently strong demand.
