Rhino Resource Partners Signs Multi-Year Coal Sales Contract for 800,000 tons Per Year, Plans to Build New Mine

Rhino Resource Partners LP (NYSE: RNO) announced that they have signed on for a multi-year coal sales contract for its Pennyrile property Kentucky and announced plans to build a new mine.

As quoted in the press release:

Anticipate cash expenditures of up to $17 million in 2013 and $22 million in 2014 to develop the mine to initial production of 800,000 tons per year by 2015. Additional capital expenditures of $23 million are expected to increase production to 2 million tons per year by 2017.

To view the full press release, click here.

Get the Latest Coal Investing Stock Information

Get the latest information about companies associated with Coal Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply