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United States
Buchanan Mine

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 Location:
16 km SE from Grundy, 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
Production Start1983
Mine Life2047


Owners

Source: p. 7
CompanyInterestOwnershipInvestor's Info
Coronado Global Resources Inc. 100 % Indirect
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.

Contractors



Deposit Type

  • Sedimentary

Source: Source

Summary:

The mine is extracted coal from Pocahontas No. 3 Seam. The Pocahontas No. 3 coal bed is within the Lower Pennsylvania Pocahontas Formation of the Pottsville Group. Where greater than 1.17 ft (14 in) in thickness, it underlies all or parts of Wyoming, McDowell, Raleigh, Summers, Mercer, Greenbrier, and Fayette Counties in West Virginia, and parts of Wise, Dickenson, Buchanan, Scott, Russell, and Tazewell Counties in adjacent Virginia, an area within the central part of the Appalachian Plateaus. The Pocahontas No. 3 coal bed is, in general, a high-rank, low-volatile bituminous (fig. 3), low-ash, low-sulfur coal that was once considered a standard for metallurgical coal (McColloch, 1995).


Mining Methods

  • Longwall
  • Continuous

Source:

Summary:

Buchanan Mine #1 is an underground coal mine located at the at Mavisdale, Buchanan County, Virginia.

Buchanan produces primarily a Low-Vol HCC, but it also produces a premium Low-Vol PCI product. The mine is extracted coal from Pocahontas No. 3. The seam is situated below drainage throughout the Property and is accessed by vertical shafts. The seam thickness averages 1.86 meters within the mining area.

The Buchanan mine extracts coal using a single longwall system supported by six continuous miner sections, which develop main entries and gate roads in preparation for the longwall. Each continuous miner section is equipped with one or two continuous miners, two roof bolters and two or three coal haulage units. After extraction, a series of conveyor belts deliver raw coal to an underground storage bunker. The Buchanan mine complex uses a skip hoist system to lift raw coal to the surface.

Four fans exhausting 2.4 million cubic feet of air per minute provide ventilation. Laboratory analysis of return air samples shows a methane liberation rate of 9.3 million cubic feet per day through the main mine fans. The development units are ventilated using a split system with exhausting line curtains or auxiliary fans and ventilation tubing.


Crushing and Grinding


Processing

  • Wash plant
  • Dense media separation

Source: Source

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:

CommodityUnits202120202019201820172016
Coal (metallurgical) Mt 4.43.44.54.74.94.5
All production numbers are expressed as clean coal.

Operational Metrics:

Metrics20212020201920182017
Coal tonnes mined 7.2 Mt of ROM coal5.8 Mt of ROM coal6.9 Mt of ROM coal7.3 Mt of ROM coal7.3 Mt of ROM coal

Reserves at December 31, 2021:

CategoryTonnage CommodityMarketable Coal
Proven 142 Mt Coal (metallurgical) 87 Mt
Probable 17 Mt Coal (metallurgical) 11 Mt
Proven & Probable 160 Mt Coal (metallurgical) 98 Mt
Measured 168 Mt Coal (metallurgical)
Indicated 23 Mt Coal (metallurgical)
Total Resource 190 Mt Coal (metallurgical)

Commodity Production Costs:

CommodityUnits20192018
Cash costs (sold) Coal (metallurgical) USD 52.2 / t   61.6 / t  
Total cash costs (sold) Coal (metallurgical) USD
Operating margin Coal (metallurgical) USD

Financials:

Units20212020201920182017
Capital expenditures M USD 52.5   33.2   35.3  
Revenue M USD 405.4   510.4   465  
After-tax Income M USD 107   130.7   170.2  
EBITDA M USD 185.6   212.5   211.2  
Book Value M USD 367  385  374  


Pipelines
TypeMaterialDiameterLengthDescription


Heavy Mobile Equipment as of December 31, 2021:
Source: Source p.86
HME TypeQuantity
Bolter 12
Continuous Miner 6

Mine Management:

Job TitleNameProfileRef. Date
Chief Geologist Joe Wickline LinkedIn Jun 21, 2022
Maintenance Supervisor Josh Roberts LinkedIn Jun 21, 2022
Purchasing Manager Chris Stover LinkedIn Jun 21, 2022
VP Safety Aaron Price LinkedIn Jun 21, 2022

Staff:

Total WorkforceYear
547 2021
421 2020
580 2019
591 2018
564 2017
469 2016

Corporate Filings & Presentations:

DocumentYear
Annual Review 2021
Form 10-K 2021
Other 2021
Technical Report 2021
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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