Mine No. 1 is an underground greenfield mining operation in the Lower Elkhorn coal seam (also referred to as the Pond Creek seam). With a coal reserve in excess of 6 million in-place tons of metallurgical blend coal (and extensive adjacent potential reserves), Samuel Coal has been working diligently to bring this coal mine into production over the past several months.
“From the moment we closed on the acquisition of Samuel Coal Company in late December 2012, we have been aggressively working toward bringing the first mine into production within this complex,” said Mark Jensen, chairman and CEO, Quest Energy. “We would like to express great gratitude to all our employees and partners for their incredible hard work and tenacity in creating an impressive mine that will be the basis for a long-term, safe and profitable operation. We look forward to numerous years of coal extraction out of this mine and providing many well-paying jobs in the region.”
Samuel Coal has two additional mines that we will begin developing within the next three to six months in the Elkhorn No. 3.5 seam, which can be a sold as either a premium low sulfur thermal product or PCI product, according to the company.
Quest Energy’s business model is built around niche, localized and scalable low cost operations, and is currently focused on business opportunities in the Appalachian region of the United States and in the Caribbean.
