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Rhino Resource Partners provides 4Q14 update

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World Coal,

Rhino Resource Partners has announced its 4Q15 operational update.

The company produced 111 000 short t over the quarter at its Pennyrile mine in western Kentucky, while coal sales totaled 143 000 short t. It also finalised a long-term sales contract with a local utility for 150 000 short t in 2015, 400 000 short in 2016 and 550 000 in 2017. This is in addition to an existing sales contract for 800 000 short tpa and pushes committed sales from the mine to 1.2 million short t next year and 1.35 million short in 2017.

Rhino has added a second mining section to the Pennyrile mine in order to meet current long-term contracts.

In its Appalachian operations, the company completed the dissolution of its Rhino Eastern joint venture with Patriot Coal, comprising the Eagle mine operations and related coal reserves, which have been taken over by Patriot.

In northern Appalachia, the company’s operations produced 256 000 short t and sold 257 000 short t, while in central Appalachia it mined about 172 000 short t of thermal coal and 84 000 short t of metallurgical coal.

In the company’s western operations, the Castle Valley complex in Utah produced 287 000 short t of coal, selling 301 000 short t.

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