Royal Energy Resources Inc. (ROYE)

Overview

Royal Energy Resources, Inc., originally founded in 1999 and headquartered in Charleston, South Carolina, is a potent entity in the coal production and marketing sector. Initially named World Marketing, Inc., the company underwent a rebranding to its current name in December 2007. It operates primarily through the extraction of coal from surface and underground mines across Kentucky, Ohio, Utah, and West Virginia within the United States. As a subsidiary of E-Starts Money Co., Royal Energy Resources leverages its robust resource base and strategic location to serve a wide array of customers, holding an estimated 268.5 million tons of proven and probable coal reserves as of December 31, 2018. These reserves comprise both steam and metallurgical coal, catering to a diverse clientele in the energy and steel production industries.

Products and Services

Royal Energy Resources, Inc. delivers a comprehensive range of coal products and services, segmented as follows:

• Steam Coal: This variant of coal is primarily supplied to electric utility companies. Used as a fuel for steam-powered generators, steam coal constitutes a significant portion of the company’s reserves, with an estimated 214.0 million tons available. It is a crucial energy source for power plants, offering a reliable and efficient means of electricity generation.
• Metallurgical Coal: With an estimated 54.5 million tons of reserves, metallurgical coal is another vital product offered by Royal Energy Resources. This type of coal is indispensable for steel and coke producers, who utilize it in the production of coke, a necessary ingredient in steel manufacturing processes. The availability of high-grade metallurgical coal positions the company as a key supplier in the metallurgical industry, supporting critical manufacturing sectors.