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MBU Capital have announced the successful completion of Ben’s Creek Carbon mine.
Set over approximately 10 000 acres in Wharncliffe, West Virginia, US, Ben’s Creek Carbon mine holds an estimated 22 million t of metallurgical coal reserves, which will be extracted through high-wall mining and used exclusively for the production of high strength steel. Meanwhile, a 5-mile dedicated railway load-out gives the operationally-ready deep well mine direct access to the Norfolk Southern Railway network.
Government expenditure in largescale national infrastructure projects combined with growth in the construction and the automotive sectors, has spurred the high strength steel market, which is expected to grow by CAGR 7.4% between 2020 – 2027 globally. This, in turn, has created opportunities for asset backed investments in metallurgical coal mining and steel production, a core pillar of MBU Capital’s investment strategy.