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Cheer up: A New Coal Mine Opening in US

Datetime: 2017-06-19 17:21:24

Cheer up: A New Coal Mine Opening in US

In the passed several years, the gloomy energy sector of the economy especially the coal mine industry and steel industry, depressed most of people and caused the situation of massive bankruptcies and closures. But here now the good news is that the Corsa Coal’s Acosta Deep mine in Pennsylvania will open in June. The new mine opening is going to inject hopes into the beleaguered sector of the economy and provide abundant job opportunities. There is no doubt that this mine opening will be a cheering up news to the gloomy five years.

Once a full tilt, the mine will produce 400,000 tonnes per year of low volatile metallurgical coal destined to meet demand from mainly US and Chinese steel companies.

“The opening of the Acosta Deep Mine marks a return to coal industry job creation in Somerset County, Pennsylvania,” Corsa Coal officials said in April. “Metallurgical prices have risen to record levels on the strength of strong steel demand and supply scarcity.”

The Canonsburg, Pennsylvania-based company will join Ramaco Resources Inc., which began producing at its first mine in West Virginia in December and plans to open two more this year in Central Appalachia.

President Donald Trump railed against the Obama administration policies on coal and greenhouse emissions as he campaigned in economically depressed areas of states like West Virginia, Pennsylvania and Ohio. He won all three states and swept eight of the top nine coal-producing states.

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