Key Highlights
  • Executed  agreement  to  acquire   100%  of  Timber  Resources
  • Contains  a  750,000  ton   metallurgical  coal  resource   previously  mined  and  stockpiled
  • Located  within  an  hour  drive  of   property
  • Recovery  rate  of  30%  for  net   clean  tons  of  225,000
  • Will  truck  10,000  gross  tons  per   month  to  be  washed,  blended   and  sold  with  Totten  Ridge   production
  • Cost  per  ton  of  $55.60
  • Net  cash  of  $193.2k  per  month  at  $120/ton
  • Owns  one  of  the  last  permits  to  a   wash  plant  and  load  out  facility   on  a  200  acre  piece  of  land
Overview

Triple 7 has an agreement in place to acquire a 750,000 ton coal resource previously mined and stockpiled from a nearby property which is ready to be washed and sold. The net recovery rate once washed is estimated at 30%. The Company will truck 10,000 tons of coal per month leaving 3000 tons of net clean coal to be blended and sold alongside its Totten Ridge production.

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 [...]