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Released June 14, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Players in the U.S. mining sector are seeing stronger demand for minerals used in the development of infrastructure and energy projects, and are responding with new capacity. Industrial Info is tracking more than $3.2 billion worth of capital-spending projects at mines across the U.S. that are slated to kick off in the third quarter, more than $2.7 billion of which is believed by Industrial Info to have a medium-to-high likelihood (70% or more) of beginning construction as planned.
Click on the image at right for a graph detailing the top 10 U.S. states for mining-related projects set to begin from July through September.
While U.S.-based mining projects for thermal coal, which once dominated the power-generation sector, have been in decline for years, projects for metallurgical coal, which is used largely as a raw material in the steelmaking process, are in demand. Much of the growth is attributable to long-term steel demand, fueled domestically by infrastructure and energy-industry buildouts, and internationally by exports to Asia. According to the U.S. Energy Information Administration (EIA), from 2001 to 2023, U.S. metallurgical coal sold at an average premium of 90% to the price of thermal coal.
Following years of delays stemming from COVID-19, labor strikes and market conditions, Warrior Met Coal Incorporated (NYSE:HCC) (Brookwood, Alabama) is preparing to begin work on its $600 million Blue Creek No. 1 Underground Metallurgical Coal Mine near Berry, Alabama, a single longwall mine that is expected to produce 4.8 million tons per year.
"In our 2024 outlook, we had budgeted hiring 250 people in the business, with approximately 100 of those people at the Blue Creek Mine," said Walt Scheller, the chief executive officer of Warrior, in a recent quarterly earnings-related conference call. "As of the end of first-quarter 2024, we're on schedule with our overall hiring and plan to begin accepting applications for positions at the Blue Creek Mine in the second quarter." Scheller also noted Warrior "accomplished key milestones on the major components for seam access, surface infrastructure and coal transportation" at Blue Creek during the first quarter.
Warrior also is considering a proposed second longwall mine that would expand production to as much as 8 million tons per year, market conditions permitting. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can read detailed project reports on the Blue Creek mine and its possible expansion.
Some existing metallurgical coal mines across the U.S. are preparing to expand their operations. Last year, Coronado Coal LLC, a subsidiary of Coronado Global Resources Incorporated (Brisbane, Queensland), announced an agreement with Virginia to expand operations and production at its Buchanan Mine Complex in Oakwood, Virginia. The company already is at work on $59 million worth of equipment upgrades and additions, and it is laying the groundwork for a $100 million expansion of its preparation plant, which will raise its capacity from 1,270 to 3,270 tons per hour. Subscribers can learn more from a detailed project report.
Copper and nickel are among the commodities in demand amid the global energy transition, and Lundin Mining Corporation (Toronto, Ontario) is responding with an expansion of its Upper Eagle East operations in Michigamme, Michigan. The company plans to extend the 755,000-ton-per-year underground mine's life, once scheduled to be depleted in 2027, until early 2029 through improved access to a 2 million-ton mined ore feed. Subscribers can learn more from a detailed project report.
Gold also is seeing some activity: Sabre Gold Mines Corporation (The Valley, Anguilla) plans to restart and expand the Copperstone Underground Gold Mine and Mill in Quartzsite, Arizona, which was shuttered in 2013. The company aims to extract 40,765 ounces of gold per year from a 198,000-ton-per-year ore feed, over a mine life of five to six years. Subscribers can learn more from a detailed project report.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for mining-related projects that are set to begin construction across the U.S. during the third quarter.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 U.S. states for mining-related projects set to begin from July through September.While U.S.-based mining projects for thermal coal, which once dominated the power-generation sector, have been in decline for years, projects for metallurgical coal, which is used largely as a raw material in the steelmaking process, are in demand. Much of the growth is attributable to long-term steel demand, fueled domestically by infrastructure and energy-industry buildouts, and internationally by exports to Asia. According to the U.S. Energy Information Administration (EIA), from 2001 to 2023, U.S. metallurgical coal sold at an average premium of 90% to the price of thermal coal.
Following years of delays stemming from COVID-19, labor strikes and market conditions, Warrior Met Coal Incorporated (NYSE:HCC) (Brookwood, Alabama) is preparing to begin work on its $600 million Blue Creek No. 1 Underground Metallurgical Coal Mine near Berry, Alabama, a single longwall mine that is expected to produce 4.8 million tons per year.
"In our 2024 outlook, we had budgeted hiring 250 people in the business, with approximately 100 of those people at the Blue Creek Mine," said Walt Scheller, the chief executive officer of Warrior, in a recent quarterly earnings-related conference call. "As of the end of first-quarter 2024, we're on schedule with our overall hiring and plan to begin accepting applications for positions at the Blue Creek Mine in the second quarter." Scheller also noted Warrior "accomplished key milestones on the major components for seam access, surface infrastructure and coal transportation" at Blue Creek during the first quarter.
Warrior also is considering a proposed second longwall mine that would expand production to as much as 8 million tons per year, market conditions permitting. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can read detailed project reports on the Blue Creek mine and its possible expansion.
Some existing metallurgical coal mines across the U.S. are preparing to expand their operations. Last year, Coronado Coal LLC, a subsidiary of Coronado Global Resources Incorporated (Brisbane, Queensland), announced an agreement with Virginia to expand operations and production at its Buchanan Mine Complex in Oakwood, Virginia. The company already is at work on $59 million worth of equipment upgrades and additions, and it is laying the groundwork for a $100 million expansion of its preparation plant, which will raise its capacity from 1,270 to 3,270 tons per hour. Subscribers can learn more from a detailed project report.
Copper and nickel are among the commodities in demand amid the global energy transition, and Lundin Mining Corporation (Toronto, Ontario) is responding with an expansion of its Upper Eagle East operations in Michigamme, Michigan. The company plans to extend the 755,000-ton-per-year underground mine's life, once scheduled to be depleted in 2027, until early 2029 through improved access to a 2 million-ton mined ore feed. Subscribers can learn more from a detailed project report.
Gold also is seeing some activity: Sabre Gold Mines Corporation (The Valley, Anguilla) plans to restart and expand the Copperstone Underground Gold Mine and Mill in Quartzsite, Arizona, which was shuttered in 2013. The company aims to extract 40,765 ounces of gold per year from a 198,000-ton-per-year ore feed, over a mine life of five to six years. Subscribers can learn more from a detailed project report.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for mining-related projects that are set to begin construction across the U.S. during the third quarter.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
