Ramaco Resources, Inc. 8.25% Preferred Stock due July 31, 2030 (METCI)
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Ramaco Resources, Inc. 8.25% Preferred Stock due July 31, 2030 (METCI) FAQ
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Ramaco Resources, Inc. 8.25% Preferred Stock due July 31, 2030 Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Randall W. Atkins CEO | NASDAQ (NMS) Exchange | 75134P808 CUSIP |
| US Country | 900 Employees | 30 Oct 2026 Last Dividend | - Last Split | 3 Feb 2017 IPO Date |
Overview
Ramaco Resources, Inc. is a prominent player in the coal industry, focusing specifically on the development, operation, and sale of metallurgical coal. Founded in 2015 and based out of Lexington, Kentucky, the company has carved a niche in the metallurgical coal sector. Ramaco Resources, Inc. is not just about mining coal; it's about strategically developing and managing a portfolio of projects designed to meet the high demands of blast furnace steel mills and coke plants across the United States and for international metallurgical coal consumers. The company's dedication to serving the critical needs of steelmaking processes positions it as a key supplier in the coal industry.
Products and Services
The company's assets and projects are geographically diverse and are strategically positioned to serve its target markets efficiently. Below is an exploration of its significant projects:
- Elk Creek Project: Situated in southern West Virginia, this project spans approximately 20,200 acres. The Elk Creek Project is a cornerstone in Ramaco Resources' portfolio, reflecting the company's commitment to the metallurgical coal market. It is developed to harness high-grade coal essential for steel production processes.
- Berwind Property: Straddling the border of West Virginia and Virginia, the Berwind property covers an extensive area of about 62,500 acres. This property is part of Ramaco's strategic locations, chosen for its geological features favoring the extraction of quality metallurgical coal.
- Knox Creek Property: Located in Virginia, the Knox Creek property encompasses around 64,050 acres. It is another significant asset in Ramaco Resources' portfolio, aimed at tapping into the rich coal reserves for supplying to the metallurgical coal market.
- Maben Property: The Maben property, covering approximately 28,000 acres, lies in the border area of southwestern Pennsylvania and southern West Virginia. This property is vital for Ramaco Resources, representing an important part of its strategy to expand its market reach and coal production capacity.
- Brook Mine Property: In the northeastern part of Wyoming, the Brook Mine property covers about 16,000 acres. Distinguished by its location, this project diversifies Ramaco Resources' portfolio geographically and is set to contribute significantly to the company's total coal output and market presence.
