Alliance Resource Partners Opens River View Coal Mine in Kentucky, an
Industrial Info News Alert
Fri. September 18, 2009; Posted: 06:55 AM
SUGAR LAND, TX, Sep 18, 2009 (MARKETWIRE via COMTEX) --
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PowerRating -- Researched by Industrial Info Resources (Sugar Land, Texas) --
Alliance Resource Partners LP (NASDAQ:ARLP) (Tulsa, Oklahoma) will
hold the mine-opening, ribbon-cutting ceremony for the company's
grassroot River View coal mine in Waverly, Kentucky, today.
Production at the mine began in August, although full capacity will
not be reached until mid-2010. Speaking at the 2009 Master Limited
Partnership Investor Conference in Greenwich, Connecticut, Alliance
Resource Partners President and CEO Joseph W. Craft III said that the
project was moving "full steam ahead" and that all of the mine's
eight room-and-pillar mining units would be in place next year. When
running at full capacity, the mine will be able to produce 6.4
million tons of coal per year. The mine has estimated coal reserves
of 105.4 million tons.
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SOURCE: Industrial Info Resources
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