Teays Valley, WV, Nov. 28, 2005 — United Coal Co. (UCC), headquartered in West Virginia, recently announced its purchase of the assets of White Mountain Mining Co. LLC and certain affiliates. White Mountain’s operations and reserves are located in Raleigh County, WV, near Beckley.
UCC said the purchase will add more than 60 million tons of recoverable high-quality, low-volatile metallurgical coal to its reserves.
“This makes our third acquisition since The United Company re-launched United Coal,” Michael Zervos, president and CEO of UCC, said.
UCC formed Pocahontas Coal Co. LLC to acquire the White Mountain assets. The acquired assets are two active deep mines — Josephine #2 and #3 in the Pocahontas #2 and #3 seams — and a coal preparation plant and rail loading facility in East Gulf, WV. Additionally, the company acquired the idled Affinity mining complex, consisting of a slope mine, coal preparation plant and rail loading facility in Affinity, WV, and a lease on a large virgin block of Sewell coal known as the Weirwood reserve.
Nearly all former employees of White Mountain Mining and its affiliates will be offered the opportunity to work for Pocahontas Coal Co.
UCC plans to increase production from the Josephine #2 mine, reopen the Josephine #3 mine, and expand the existing high wall and surface mining operation.
The new acquisition and its expansion are part of UCC’s growth strategy. It plans additional acquisitions in the near future.