Description Metallurgical Coal Mining Company for Sale
Located in the Appalachian Basin Area.
They have been in business for 17 years.
They sell mid vol, low sulfur metallurgical coal that is sold as coking coal.
They do not own a wash plant.
2011 revenue was $29 million and the owner's income was about $12 million. The 2012 revenue is approximately $26 million and owner's income of approximately $10 million.
If the past, they have sold between 20,000 and 30,000 tons of coal per month.
They currently do not have a coal sales contract (2013).
The value of the fixed assets and supply inventory is at least $5 million.
The estimated in place coal reserves are 17 million tons under current or potential leases. About 7 million is under current leases.
Asking $20 Million (Reduced)
Owner is selling due to retirement and medical reasons.
For more information, please call 877-871-5367