Metinvest, a Ukraine-based conglomerate that is vertically integrated across the steel value chain, acquired United Coal Co. of West Virginia in 2009, gaining control of five mine complexes in the Appalachian region. Due to market conditions and reserve depletion, three of these mine complexes are in operation today. In addition, Metinvest started up the Affinity mine in 2010 by reviving an idled operation and constructing a new preparation plant.
Affected by the global economy, shale gas and emission targets, the coal industry has encountered a number of challenges and uncertainties. Factors such as overcapacity, weakening demand and falling prices have resulted in a period of price deflation, with individual companies forced to consolidate and rationalise non-core assets.
This Metallurgical Coal Mine report includes detailed analyses of the location, ownership, reserves, geology, production, infrastructure, capital and operating costs of this mine.
It provides a comprehensive snapshot of the key issues and challenges impacting this mine and helps businesses who are looking to invest in assets, source coal or expand their business within the coal sector.
Wood Mackenzie is the only coal industry service provider to offer a market outlook integrated with other sector analyses, including macroeconomics, steel markets and gas and power markets. Based on objective, proprietary data, our coal analysts deliver a trusted outlook on coal supply, demand and price to maximise your current and future investments.
From primary drivers influencing coal trade to potential price impacts, we give you confidence in your strategic planning.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Asset report | May 2016
Metinvest - Appalachia coal mines
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