coal mines 300MCLEAN COUNTY, Ky. (7/3/13) – At a time when President Barack Obama is vowing to do more to implement efforts to reduce the amount of coal used in the U.S., at least one company is pressing ahead with plans to mine coal in the region.
 
Rhino Resource Partners VP of Investor Relations Scott Morris told SurfKY News today that the company is in the early stages of developing approximately 12,000 acres in McLean and Daviess counties to serve as a coal mine facility, with the entrance in McLean County. (Taxes generated by the sale of coal are typically collected in the county where the mine entrance is located.)
 
Morris said despite the Obama administration’s stance on coal as an energy source, the company is operating under current environmental policies.
 
“It’s hard to tell what to expect at this point,” Morris said. “We still think coal has a place for … energy production.”
 
Morris said the mine is expected to open in June 2014 with production estimates starting at 800,000 annually, based on a contract Rhino has with an unnamed utility company. He added that as more contracts are signed with other companies for coal purchases, the amount mined could climb as high as two million tons annually, possibly as early as 2017.
 
Initially, the mine will employ almost 70 people in full-time positions. If the plant reaches anticipated maximum production rate, the number of workers could nearly quadruple to closer to 250 full-time, Morris said.
 
Rhino Resource Partners is based in Lexington.
 
Dennis Beard
SurfKY News

e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

Posted on 2/2/14
3/13 - 16
1 DOW 18,162.99
+121.45 (0.67%)    
2 S&P 2,123.48
+19.28 (0.92%)    
3 NASDAQ 5,106.59
+73.84 (1.47%)    
3/13 - 16

Most Read This Week

May 22, 2015 7632

Madisonville Man Charged with First-Degree Rape

by SurfKY News
May 23, 2015 7418

Missing 5-Year-Old Boy Found

by Doreen Dennis, SurfKY News
May 27, 2015 3944

VIDEO: Sparks Fly Over Hanson Rezoning Issue

by Tammy Holloway, SurfKY News
May 25, 2015 3470

Can Sunscreen Save Your Life?

by Melissa Patrick
May 21, 2015 3434

Police Charge Madisonville Man with Harassing…

by SurfKY News

Most Read This Month

May 15, 2015 10850

New Madisonville Business In Full Operation Soon

by Tammy Holloway, SurfKY News
May 22, 2015 7632

Madisonville Man Charged with First-Degree Rape

by SurfKY News

Stories Trending Now

May 27, 2015 3944

VIDEO: Sparks Fly Over Hanson Rezoning Issue

by Tammy Holloway, SurfKY News
May 26, 2015 2590

Mandarin House Gearing Up to Open Soon

by Gary Gates, SurfKY News
May 26, 2015 2473

Large Necklace on Rearview Mirror Lands Driver in…

by SurfKY News
May 26, 2015 1886

Governor Announces Hopkins County as Kentucky…

by Doreen Dennis, SurfKY News
May 26, 2015 1677

Two Central City People Jailed on Meth Charges

by SurfKY News
May 26, 2015 1428

Veterans Honor Veterans

by Tammy Holloway, SurfKY News
May 25, 2015 1186

‘Remembering Those That Paid All’

by Tammy Holloway, SurfKY News
May 26, 2015 1173

Hopkins District Court Fines Handed Down

by SurfKY News
May 26, 2015 1154

Bremen Man Charged with Concealed Brass Knuckles…

by SurfKY News
May 26, 2015 1105

Teenager Injured during Multiple Rollover…

by SurfKY News