Xinergy Ltd. (TSX: XRG) said Aug. 27 that the first train of premium mid-vol metallurgical coal has been leaded at the newly completed loadout facility at its South Fork strip mine in Greenbrier County, W.Va.
“We are extremely satisfied and proud today as we watched our vision to become a significant player in the metallurgical coal market come full circle from the concept stage to design, construction and now to the ultimate fulfillment of our first order. After approximately six months, we completed this project at our flagship mine on-time and on budget. Our first shipment this week was a monumental event for this Company. The efficiency of execution was exactly what we had planned for,” said Bernie Mason, President of Xinergy.
At South Fork, in the second quarter of 2013, Xinergy has said it continued producing coal from its Blue Knob surface mine and continued to mine certain areas from the Lost Flats permit. Total production for the second quarter 2013 was 52,289 tons. Cash cost per ton was $92.72 for the quarter as production increased and the company began to realize mining efficiencies.
Headquartered in Knoxville, Tenn., Xinergy Ltd., through its wholly owned subsidiary Xinergy Corp. and its subsidiaries, is engaged in coal mining in West Virginia and Virginia. Xinergy sells the high quality metallurgical and thermal coal to steelmakers, electric utilities, energy trading firms and industrial companies.