American Resources Corp (AREC): The Carnegie 2 mine, located in Pike Cou...

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Tuesday, 03/26/2019 9:53:05 AM

Tuesday, March 26, 2019 9:53:05 AM

The Carnegie 2 mine, located in Pike County, Kentucky, accesses the same block of Alma coal seam as Carnegie 1 mine, which is a premium High-Vol A/B metallurgical coal that is used to create coke and is instrumental in the global demand for steel production for the fast growth global infrastructure marketplace. Accessing this coal through the new Carnegie 2 mine allows the company to further increase the production and extraction of this premium coal and compliment the company's previously announced expansion plan of their Carnegie 1 mine. It is anticipated that this will be a low cost operation with a production rate of approximately 6,000 to 8,000 tons per month utilizing a contracted conventional mining section.

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