Ramaco’s Brook Operation
The Wyoming Environmental Quality
Council (EQC) has voted unanimously to
permit Kentucky-based Ramaco to develop
its Brook mine north of Sheridan,
Wyoming, despite objections to the plan.
Company CEO Randall Atkins told the Associated
Press that the mine should begin
production early next year and that it
will be moving quickly with the remainder
of Brook mine’s permitting. “We’re very
pleased that the EQC agreed with our
conclusion there were not any substantial
damages to the surface owners,” he said.
The planned operation has met some
pushback from landowners.
In all, Ramaco owns 14,500 acres in
the area with about 1.1 billion tons of recoverable
reserves. Brook will reportedly
begin production at about 500,000 tons
annually but ramp up in the long-term to
8 million tons per year.
Last month, Ramaco announced plans
for the development of the elk Creek and
Berwind mines in West Virginia and Virginia,
thanks to a $90 million private
equity investment with Energy Capital
Partners Mezzanine and Yorktown Energy
Partners. Ramaco currently has about
200 million tons of recoverable coal reserves
in its portfolio.
As featured in Womp 2016 Vol 10 - www.womp-int.com