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 McDowell

For Sale: Coke-coal mine with 8 million tons of leased coal reserves selling 10,000 tons/monthly.

Key Business Facts
Yearly Sales USD 18 million
EBIDTA Margin 25 %
Industries Coke Coal Mining
Locations  McDowell
Business Overview
- This deep coal mine is located in McDowell County, West Virginia in close proximity to several wash plants. The mine is turnkey and ready for production.
- The mine consists of over 8 million tons of leased coal.
- The owners are based in India. We have a core team of 3 members handling all the major operations in the US. The rest of the mining work has been subcontracted to a man-power supplier. We only have over 25 miners working at the mine since most of the work has already been automated.
- The surface area of the mine is owned by the company while the underground reserves have been taken on lease. The total area of the mine, both above and underground, is 3,000 acres. We pay 4% of the sale price of the coal as commission to the owner of the coal reserves.
- We sell over 10,000 tons of coal on a monthly basis. Our primary client is Contura Energy, a leading coal supplier in the US. Besides that, we also have a major agent buying coal from us.
- Very-high grade mid vol coal (24) that is perfect for blending with low sulfur content (0.6) and low ash content (5.3).
- The asking price includes all the equipment, leases, and permits. The equipment was refurbished 8 months ago.
Products & Services Overview
Fully-functioning coal mine with all the clearances and permits that has over 8 million tons of coal reserves.
Assets Overview
The sale includes all the equipment, leases, and permits. Major equipment includes 1 miner, 2 shuttle cars, 1 roof holder, 2 scoops machine, 1 seeder machine, 1 tracking and communication machine and 1 sub-system.
Full Sale
Asking Price: USD 7.8 million (Native Currency: USD 7,750,000)
Reason: Owners wants to retire. Considering the value of the physical assets owned by the business, we belie... View More
Includes physical assets worth USD 7.8 million
Interested to connect with advisors
In talks with 3 Investors
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