Steam coal mining for sale

• Located in the Appalachian Basin Area.

• Have been in business for 75+ years.

• Selling high sulfur steam coal, as well as limestone. 

• Recently entered into long term contracts to sell most of their coal and all of the limestone.

• The company also owns their own trucks and transport the material to their customers.

• The annual revenue averages about $22 million and the owner's income has averaged over $3-$4 million the past several years.

• The mining company currently sells about 30,000 tons of coal and 60,000 tons of stone per month.

• The book value of the fixed assets is $16 million.  There is an appraisal on most of the mining equipment, but not the trucking or real estate assets.

• In addition to the assets of the corporation, they are selling a coal wash plant and over 2,000 acres of coal. 

• Coal reserves are about 25 million tons, of which some are leased and some are owned.  The limestone reserves are in excess of 50 million tons.

• Selling price will include mineral rights, leases, equipment, supplies, wash plant, real estate, receivables (about $6 million), and tax NOL of $19 million if stock sale.  Seller will pay 100% of liabilities at closing.   Most of the liabilities cannot be transferred to the new owner.

• Asking $29 million (reduced)