To: marcos who wrote (2654 ) 6/21/1998 10:38:00 PM From: jhild Read Replies (1) | Respond to
Marcos also worth looking at in that 10-K from ACI is this little bit of reality check about how capital intensive this process is.Hobet 21 Complex. The Hobet 21 mining complex ("Hobet 21 Complex") in Boone and Lincoln Counties, West Virginia, currently has dedicated reserves of approximately 98 million recoverable tons of coal . The Hobet 21 Complex consists of a large-scale surface mine, two contract deep mines and the 1,400-ton-per-hour Beth Station preparation plant. The surface mine uses modern surface mining equipment, including an 83-cubic-yard walking dragline and a 51-cubic-yard shovel. A conveyor belt system transports the coal from the surface mine to the Beth Station preparation plant where the coal is cleaned and loaded into railcars at the adjacent 150-car rail siding for shipment on the CSX rail system. The Beth Station preparation plant is capable of loading a 15,000-ton unit train in less than four hours. The total cost of property, plant, and equipment at the Hobet 21 Complex at December 31, 1997, was $70.2 million, and the net book value was $65.6 million. Approximately 4.4 million tons of coal were produced at the Hobet 21 Complex during 1997 . In November 1997, the Company acquired approximately 23 million tons of low-sulfur coal reserves adjacent to the Hobet 21 Complex for $6 million. www4.edgar-online.com
