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United States
Buchanan Mine

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 Location:
14 km NW from Raven, Virginia, United States

  Regional Office:
100 Bill Baker Way
Beckley
West Virginia, United States
25801
Phone+1-681-207-7263
Fax+1-681-207-7251
WebsiteWeb
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Fleet
  • Personnel
  • Filings & News

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Overview

StageProduction
Mine TypeUnderground
Commodities
  • Coal (metallurgical)
Mining Method
  • Longwall
  • Continuous
Processing
  • Wash plant
  • Dense media separation
Mine Life2048


Owners & OPERATOR

Source: p. 172
CompanyInterestOwnershipInvestor's Info
Coronado Global Resources Inc. 100 % Indirect
Consol Buchanan Mining Company LLC. (operator) 100 % Direct
Buchanan Mine, located in Mavisdale, is owned and operated by Buchanan Mining Company LLC wholly owned subsidiary by Coronado Global Resources Inc.

Deposit Type

  • Sedimentary

Source: Source p.59

Summary:

Coal Seams of Economic Interest (Formation) - Pocahontas #3 (Pocahontas Formation)


Mining Methods

  • Longwall
  • Continuous

Source: p.22

Summary:

Coal is extracted utilizing six continuous miners. ROM coal is transported to a skip hoist by conveyor belts, where the coal is then lifted to the surface for processing at the CPP. Two underground bunkers allow storage of up to 5,400 tonnes of coal, managing the flow of coal both from the face and to the coal CPP.


Crushing and Grinding
Source: Source p.23


Processing

  • Wash plant
  • Dense media separation

Source: Source p.23

Summary:

Coal processing:

– ROM coal is transported to a skip hoist by conveyor belts, where the coal is then lifted to the surface for processing at the CPP

– Two underground bunkers allow storage of up to 5,400 tonnes of coal, managing the flow of coal both from the face and to the coal CPP

- ROM coal is washed in a CPP that has a nameplate capacity of 1,270 raw tonnes per hour (TPH). ROM coal processed through the CPP has an average yield of approximately 67%.

- Coal is then loaded on the NS rail on a FOR basis and customers arrange for access to rail and port capacity.


Production:

CommodityUnits2019201820172016201520142013
Coal (metallurgical) Mt 4.54.74.94.543.64.4
All production numbers are expressed as clean coal.

Operational Metrics:

Metrics201920182017
Coal tonnes mined 6.9 Mt of ROM coal7.3 Mt of ROM coal7.3 Mt of ROM coal

Reserves at December 31, 2018:

CategoryTonnage Commodity
Proven & Probable 112 Mt Coal (metallurgical)
Measured & Indicated 251 Mt Coal (metallurgical)

Commodity Production Costs:

CommodityUnits2019201820152014
Cash costs (sold) Coal (metallurgical) USD 52.3 / t 52.4 / t 34.2 / ton 44.9 / ton
Total cash costs (sold) Coal (metallurgical) USD 46.8 / ton 60.7 / ton
Operating margin Coal (metallurgical) USD 9.92 / ton 11.1 / ton

Financials:

Units20192018201720152014
Capital expenditures M USD 52.5  33.2  35.3  
Revenue M USD 405.37  510.4  465.04   248   297  
After-tax Income M USD 106.97  130.68  170.16  
EBIT M USD 71   11  
EBITDA M USD 185.63  212.5  211.24  


Heavy Mobile Equipment as of December 31, 2018:
Source: Source p.22
HME TypeQuantity
Continuous miner 6

Mine Management:

Job TitleNameProfileRef. Date
Chief Geologist Joe Wickline LinkedIn Mar 30, 2021
Maintenance Supervisor Josh Roberts LinkedIn Mar 30, 2021
VP Safety Aaron Price LinkedIn Mar 30, 2021

Staff:

Total WorkforceYear
421 2020
580 2019
591 2018
564 2017
469 2016

Corporate Filings & Presentations:

DocumentYear
Annual Review 2020
Financial Review 2020
Form 10-K 2020
Other 2020
Financial Review 2019
Form 10-K 2019
Other 2019
Annual Report 2018
Other 2017
Annual Report 2016
Other 2016
Annual Report 2015

Aerial view:

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