Investors to resume construction of Blue Creek mine at Alabama coking coal field

The American company Warrior Met Coal will resume the Blue Creek coal mine project in Alabama, which was stopped in 2020 due to the coronavirus epidemic and labor shortages.

According to the portal, the deposit, located near the company’s operating mines, contains a little less than 110 million tons of high-quality coking coal. It is one of the last untapped deposits of this quality in the United States, the company says.

The volume of investments in the project will be about $650-700 million. This amount is planned to be spent over five years. Warrior expects to start production in the third quarter of 2024, and in mid-2026 the enterprise should reach its design capacity of about 4.3 million tons per year.

Coal production in the US has been falling for the past 13 years. In 2021, it increased due to increased demand for this resource, but no US company has invested in the development of new deposits or expansion of capacities for several years. The Warrior project has been an industry first since at least 2015.

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