Via Daily Caller:
A new coal mine is opening up in western Pennsylvania, signaling a small reversal of fortune for the beleaguered coal industry.
The Acosta Deep coal mine will create 70 to 100 direct full-time jobs and another 500 indirect jobs, according to Corsa Coal, the company building the mine. The site is expected to produce 400,000 tons of coal a year,
mostly for U.S. and Chinese steel companies.
“The opening of the Acosta Deep Mine marks a return to coal industry job creation in Somerset County, Pennsylvania,” Corsa Coal officials said in a statement. “Metallurgical prices have risen to record levels on the strength of strong steel demand and supply scarcity.”
The Acosta mine is the first of
four new coal mines slated to open up this year as coking coal prices continue to soar. The price of coking coal, which is used in steel making, doubled in the last year because of supply disruptions in Australia and Chinese policies to curb some coal-fired energy production.
http://dailycaller.com/2017/04/17/a-new-coal-mine-is-opening-to-fuel-the-us-steel-industry/
