Ramaco Resources
Ramaco Resources operates mine complexes and processing facilities in West Virginia and Virginia, producing over 4 million tons of metallurgical coal annually and exploring rare earth elements in Wyoming.
Overview of Ramaco Resources
Ramaco Resources is a public coal company that operates three mine complexes and processing facilities in West Virginia and Virginia. With a workforce of approximately 800 employees, the company produces over 4 million tons of premium metallurgical coal annually. Their products are sold in North America and internationally across approximately 20 countries.
Metallurgical Coal Production
Ramaco Resources is known for producing premium metallurgical coal products. These products are in high demand and are sold both domestically in North America and to international markets in approximately 20 countries. The company is one of the fastest-growing public coal companies and has production levels expected to exceed six million tons over the next several years, funded through internal resources.
Rare Earth Elements and Carbon Research Initiatives
Ramaco Resources is pioneering in domestic production of rare earth elements, focusing on a major deposit at the Brook Mine in Wyoming. They are exploring potential commercial products derived from the carbon in coal, in collaboration with the Department of Energy national laboratories. Additionally, they operate a unique mine-mouth carbon research facility in Wyoming.
Financial Stability and Growth
Ramaco Resources is recognized for having one of the most conservative balance sheets in the industry. They manage asset retirement obligations that are 94% below the average of their peers. The company's class-B tracking stock (METCB) offers a diverse asset mix, including coal royalties, logistical tolling fees, intellectual property, and potential rare earth revenue.
Safety and Environmental Awards
Ramaco Resources has been nationally recognized for their commitment to safety and environmental standards. Their efforts in maintaining rigorous safety protocols and environmental stewardship have earned them several accolades in the industry.