Key Highlights
  • Located in southeastern McDowell County, West Virginia just south of the town of Anawalt
  • Acquired all mineral rights and mining permits in place
  • Contracted Lonesome Pine Development to begin both high-wall and contour mining within 30 days
  • Total cost per ton of $75.13
  • Production expected to reach 20,000 tons per month of net clean metallurgical coal within 3 months of production
  • Off take agreements in place at $92/ton increasing to $120/ton once minimum 10,000 tons/mo. reached
  • Net cash of $340K per month at $92/ton and $900K per month at $120/ton
  • Reserve estimates prepared by Project Solutions, LLC indicate a net clean coal reserve of 796,920 tons (non 43-101 compliant)
  • $3 million start-up cost
Overview

The Totten Ridge Surface Mine contains the Pocahontas no. 3 and no. 4 coal Seams. Pocahontas no. 4 is economical to mine. The Company has contracted Lonesome Pine Development to begin both highwall and contour mining on the Pocahontas no. 4 coal Seam. Reserve estimates prepared by Project Solutions, LLC indicate a net clean coal reserve of 796,920 tons with production expected to reach 26,000 tons per month of net coal within 3 months. Production can commence in less than 30 days once tree removal and rock debris has been cleared allowing access to the seam.

The Pocahontas no. 3 coal bed has been surfaced, deep, and auger mined extensively over the entire property. Historically, the mining practices of the time did not remove coal resources from under areas having low overburden and irregular topographical shapes. An on-site exploratory program will be conducted to determine if in-place reserves remain.

Mining Practice

Highwall mining utilizes a coal cutting system that is similar to a continuous miner head. The miner head is attached to cars or beams and pushed into the coal underneath the highwall. The cutting system then shears the coal and it is then transported back to the mine bench by the cars or beams. The coal is then loaded into a truck and transported to a preparation plant or loadout site. The spacing between entrance holes of the highwall miner is dictated by the Mine Safety and Health Administration (MSHA) approved ground control plan. The industry recognized recovery factor for highwall mining is 50% of the in-place reserves to be mined.

Contour mining allows for the extraction of coal where it is not feasible to extract the entire seam using the highwall method. Contour mining allows for the partial removal of the coal seam at the elevation of the coal seam.

Additionally the company is currently one of the few minority owned coal mines in the United States. This designation allows a unique competitive advantage in place coal in procurement opportunities to steel Producers and other customers in the U.S. This also creates a demand for coal resale production trade partnerships agreements due to our ability increase profit margin thru tax incentives which can only be obtained through the Minority Owned Business designation.

HUBZone

McDowell County currently has HUBZONE qualification status. HUBZone is a United States Small Business Administration (SBA) program for small companies that operate and employ people in Historically Underutilized Business Zones (HUBZones). The HUBZone program was created in response to the HUBZone Empowerment Act created by the US Congress in 1998. HUBZone Certification program helps small business in urban and rural communities gain preferential access to federal procurement opportunities.

The certification provides a specific advantage to increasing our sales footprint quickly in the U.S. markets, because U.S. based steel mills have diversity procurement goals that historically have not been satisfied. The company is currently the only coal producer to have the distinction of this certification which provides additional benefits and tax incentives.

More on HUBzone

Project Map

Project Map
Area Map

Area Map

Triple Seven Mines in
relation to Arcelormittal

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 [...]