SPOILER ALERT!
Rhino's brand-new Kentucky heavy steam coal mine to start shipments soon
Rhinocerous Source Allies quickly will make its first delivery of high-sulfur vapor coal from the new Pennyrile underground mine in Western Kentucky to Louisville Gas & Electric, a Rhinocerous official stated Monday.
sequestering agents , additionally known as Riveredge, lies near the Green River in McLean County. First production started in Might.
Scott Morris, vice president of exterior reporting and also investor relationships for Lexington, Kentucky-based Rhinocerous, said in an email the initial sales contract with LG&E requires the coal to be barged to "different" nuclear power plant run by the PPL Corp. subsidiary. A sibling energy, Kentucky Utilities, additionally is had by PPL.
" The Pennyrile mine is expected to make its very first shipment in the following few weeks," Morris stated. "We anticipate most of shipments to be by means of barge from this mine."
LG&E runs a number of power plants that are rubbed to decrease discharges of sulfur dioxide and also mercury. Both LG&E as well as KU generally have burned big amounts of high-sulfur IB coal.
Rhino has a five-year contract to supply 800,000 st of coal annually to LG&E.
If completely developed, the mine has the capability of broadening to 2 million st a year.
Rhinocerous is receiving "a lot of passion in coal from this mine, as well as we have test deliveries to interested consumers arranged for later this year," Morris stated. He did not identify those potential customers.
Nevertheless, Morris stated his business thinks "these test deliveries have a high probability of bring about added long-term sales agreements."
He added, however, Rhino will only become part of contracts "at appropriate prices."
Rhino is anticipating coal production and sales of regarding 3.75 million st in 2014, level contrasted to in 2014. Total coal output and also sales dropped by 21% in 2013 compared to 2012 when the company generated and sold regarding 4.6 million st.
In Ohio's North Appalachian coalfield, Rhinocerous is establishing its first underground heavy steam coal mine there to additionally offer the United States electric energy market.
The new Rock Camp No. 1 mine is not expected to start manufacturing till July 2015. It is targeted to create concerning 40,000 st a month.
sequestering agents , additionally known as Riveredge, lies near the Green River in McLean County. First production started in Might.
Scott Morris, vice president of exterior reporting and also investor relationships for Lexington, Kentucky-based Rhinocerous, said in an email the initial sales contract with LG&E requires the coal to be barged to "different" nuclear power plant run by the PPL Corp. subsidiary. A sibling energy, Kentucky Utilities, additionally is had by PPL.
" The Pennyrile mine is expected to make its very first shipment in the following few weeks," Morris stated. "We anticipate most of shipments to be by means of barge from this mine."
LG&E runs a number of power plants that are rubbed to decrease discharges of sulfur dioxide and also mercury. Both LG&E as well as KU generally have burned big amounts of high-sulfur IB coal.
Rhino has a five-year contract to supply 800,000 st of coal annually to LG&E.
If completely developed, the mine has the capability of broadening to 2 million st a year.
Rhinocerous is receiving "a lot of passion in coal from this mine, as well as we have test deliveries to interested consumers arranged for later this year," Morris stated. He did not identify those potential customers.
Nevertheless, Morris stated his business thinks "these test deliveries have a high probability of bring about added long-term sales agreements."
He added, however, Rhino will only become part of contracts "at appropriate prices."
Rhino is anticipating coal production and sales of regarding 3.75 million st in 2014, level contrasted to in 2014. Total coal output and also sales dropped by 21% in 2013 compared to 2012 when the company generated and sold regarding 4.6 million st.
In Ohio's North Appalachian coalfield, Rhinocerous is establishing its first underground heavy steam coal mine there to additionally offer the United States electric energy market.
The new Rock Camp No. 1 mine is not expected to start manufacturing till July 2015. It is targeted to create concerning 40,000 st a month.
