Coal Mines Open After The Disastrous Market Collapse

Opening a mine is a rarity these days but Corsa Coal Corp is doing it. The company that is based in Canonsburg, Pennsylvania will starting operations this coming May and it will be joining Romaco Resources Inc which will start operating its first mine in West Virginia in December. Two more mines are scheduled to open this year in Central Appalachia.

These are only a few of the companies that are bent on opening mines after the disastrous market collapse that resulted in the shutting down of hundreds of mines and left thousands of people jobless in recent years. According to Corsa Chief Executive Officer George Dethlefsen, they have received hundreds of applications but they are only hiring about a hundred people.

A new found optimism can be felt in America’s coal fields with spot prices for metallurgical coal going 2 times higher than a year ago. China has curtailed its own coal production and it is now tightening seaborne markets to stoke the rally last year.

The new American president is making the effort to fulfill his campaign promise of bringing back the coal jobs. One of his first moves was to rollback the previous administration’s environmental regulations that targeted the mining sector.

Global demand for coal went down because of the emergence of clean and cheap natural gas and renewable. Thanks to the threats of global warming and the shale boom. Miners that include Cosca are now more focused on financial metrics like the rates of return and credit rating instead of simply producing in order to survive in the shrinking market.

When Romaco Resources starts to open, it will be welcome news for the people in the area that certainly needs employment. When Corsa starts its operations in Pennsylvania, there is a potential to meet its goal of selling as much as 1.3 million tons of metallurgical coal in 2017.

A ball mill manufacturer offers different types of ball mills for the mining and metallurgical industries. There are ball mills designed for grinding various ore and non-metallic materials into smaller sizes to allow for the easy extraction of resources.