Regency Mines updates on progress at Alabama metallurgical coal mine

Regency Mines Plc has announced progress at Carbon Minerals Corporation's (CMC) Rosa metallurgical coal mine, located in the Warrior Coal Basin, Alabama. Regency owns 20 percent of CMC.

 

Andrew Bell, Chairman of Regency Mines, commented: "We believe that we are in the right commodity in the right place at the right time. Metallurgical coal had already seen a sharp recovery from what we believe were extreme cyclical lows at the beginning of 2016, and the new US administration has already permitted new pipeline construction and is committed to heavy infrastructure spending. We have identified with our partners a range of opportunities to ramp up production and diversify our sources of saleable coal.”

 

At the Rosa mine, “the sourcing of a suitable highwall mining machine enables us to plan for tripling the depth of penetration beyond that envisaged in the Reserve report, and potentially tripling the rate of production," he continued.