Corsa Coal indirectly owns Rhoads through PBS Coals, Inc.
On January 6, 2025, Corsa Coal Corp. announced that it and each of its subsidiaries (collectively, the “Corsa Group”), filed for voluntary chapter 11 relief in the U.S. Bankruptcy Court for the Western District of Pennsylvania and intend to conduct a sale of assets pursuant to Section 363 of the U.S. Bankruptcy Code.
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Summary:
Geology of the Properties
The geology of the properties is consistent with regional structural trends. In Maryland, the local Casselman synclinal fold is evident in the Casselman mine. Coal seams of economic importance on the properties typically range from 1 foot to 6 feet in thickness and are primarily low-volatile in rank. There are 11 coal seams on the properties that demonstrate reserve or resource potential including, in descending stratigraphic order: Sewickley, Redstone, Pittsburgh, Bakerstown, Upper Freeport, Lower Freeport, Upper Kittanning, Middle Kittanning, Lower Kittanning, Brookville, and Mercer.
Mineralization
Mineable coal seams within the properties are typically low-ash, low to high-sulfur, and high-thermal content bituminous coals. Regionally, the coals are typically low-volatile in rank, with rank increasing from west to east. The maximum seam thickness may reach over 6.0 feet where multiple coal benches occur in proximity to one another; however, the average mineable thickness of the seams in this evaluation generally ranges from 1 foot to 4 feet. Seams are generally continuous but may be locally absent. Secondary discontinuity due to erosional features is present in most areas, resulting in seam outcropping, or visible exposure of the seam at the surface. Other than oxidation of the coal exposed at the surface, erosion of the seams has no significant impact on the mineralized deposits. Mineable seams associated with the properties are generally outcrop-accessible. Coal seams are characterized by both single-bench and multiple-bench coal horizons with parting (non-coal) material varying by seam and area. Seam parting is common within the coal seams on the properties with intra-seam parting material increasing drastically in some areas. Roof strata are typically shale or sandy shale with zones of sandstone roof being common. Floor strata are typically sandstone, shale, sandy shale, fireclay, or in the case of the Upper Kittanning, limestone.
Roads property includes Upper, Middle and Lower Kittanning Seams Reserve areas.
Based on information provided by Corsa, it has been estimated that approximately 70 percent of coal production from this property could potentially enter the metallurgical coal market, with the remainder going to the steam market.
Deposit Types
The coal reserves reported herein are bituminous coals. The primary coal-bearing formations on the properties are Carboniferous in age, being in the Pennsylvanian system, which includes the Monongahela, Conemaugh, Allegheny, and Pottsville groups. The average mineable seam thickness for coal horizons in these formations ranges from 1 foot to over 6 feet. The coal seams are generally continuous and non-complex but may vary in thickness and may also be locally absent. Seams retain normal stratigraphic sequence throughout the properties and no evidence has been observed that seams have been modified from pre-deformational thicknesses.
Commodity Production
On January 6, 2025, On January 6, 2025, Corsa Coal Corp., the owner of the mine, initiated bankruptcy proceedings. Due to the bankruptcy process Corsa Coal Corp. the operating results for 2024 were not published.
Production guidance for 2024 was assumed to be 90,000 tons.
Corsa Coal auctioned some of its assets to pay creditors. This included the sale of two preparation facilities located in Somerset County, Pennsylvania: the Cambria plant and the Shade Creek coal preparation plant, where coal was processed from the Rhoads mine, to Rosebud Mining Company in April 2025.
| Commodity | Units | 2024 |
|
Coal (metallurgical & thermal)
|
tons
| .... |