Ramaco’s Brook Operation Moving Forward

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