Key Highlights
  • Contains the Squire Jim Seam
  • Deep mining operation
  • 6 months to break ground
  • Cost per ton of $54.81
  • Production to start at 5000/tons per  month of net metallurgical coal  reaching 20,000 tons within 4 months
  • Net  cash  of  $1.3 million per month at  $120/ton
  • Reserve estimates prepared by Project  Solution, LLC indicate a  net clean coal  reserve of 546,261 tons (non  43-­‐101)
Overview

The Jump Ranch Deep Mine contains the Squire Jim Coal Seam. The drilling information indicates that the total Squire Jim coalbed thicknesses range from 24 to 60 inches in the proposed deep mine area. The drill logs indicted at least two rock partings in the seam. With the thickness of the rock partings subtracted from the total seam thickness, the coal ranges from 22 to 36 inches. Reserve estimates prepared by Project Solutions, LLC indicate a net clean coal reserve of 546,261 tons with production expected to reach 20,000 tons per month of net coal within 6 months.

Mining Practice

The deep mining practice to be employed on the Squire Jim coal seam is called the room and pillar method. The room and pillar method involves using the following equipment:

• Miner: machine equipped with a cutting head to shear the coal from the seam
• Scoop: to load the coal
• Shuttle car: used to transport coal to a conveyor belt system
• Roof bolter: used to pin the roof of the mine in support of the ground control plan.

The deep mine will be setup as a walking super section mine which is two sets of mining equipment operating simultaneously and sharing a common dumping point on the same section, with each set being ventilated by a separate split on intake air. The super section layout has been determined the most efficient and economical way to setup long term production within this project. The industry recognized recovery factor for the room and pillar method is 60% of the in-place reserves. Coal reserve estimates prepared by Project Solutions, LLC indicate a net clean reserve of 546,261 tons. Production of the deep mine will ramp up from 5,000 tons to 20,000 tons per month of metallurgical coal within 6 months.

Project Map

Project Map

West Virginia Coal

West Virginia is the nations 2nd largest coal producing state with recoverable coal reserves estimated at more than 51 billion tons in 2016

There are over 280 companies and 456 mines producing more than 99 million tons of coal a year

McDowell County was ranked as the 6th largest surface mine producer and 13th largest underground mine producer having produced a combined 2.69 million tons in 2015

It has 84 operating mines and an estimated 1.6 billion of recoverable coal reserves

West Virginia coal is used extensively by domestic utility companies to produce electricity

Electric power utilities are the largest coal consumers in the nation, with 2/3rd of all coal production being used by utilities or smaller industrial installations to generate electricity and steam

The steel industry is the second largest coal user in the U.S.

About 80 million tons of coal are used each year to make coke an essential element in the steel making process

About two thirds of a ton of coal is needed to produce a ton of steel

West Virginia has some of the best metallurgical coal found anywhere in the world and it constitutes about 40% of West Virginia’s annual production

News & Press

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708, 2018

Triple 7 Commodities, Inc. Announces Negotiations Mineral Separation Technologies

August 7th, 2018|

Triple 7 Commodities the parent company is in talks with Mineral Separation Technologies about using the dry based separation to wash coal as well. This patented technology is a waterless system that helps drive down preparation costs, and logistics cost. The major conservation of water and other resources should benefit potential users impactfully. We are attracted to the reasonable price of the equipment as well as the control that it [...]