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Ramaco Resources, Inc Reports Fourth Quarter 2020 Financial Results
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(METC) - Recap: Ramaco Resources Q4 Earnings
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LEXINGTON, Ky., Feb. 16, 2021 /PRNewswire/ Ramaco Resources, Inc. (NASDAQ: METC) ( Ramaco Resources or the Company ) today announced that its Board of Directors approved expenditure for opening two new mines. They are expected at full production to add almost one million new tons per year of additional low vol and mid-vol production, with initial production beginning in 2021. Together they will increase Ramaco s overall capacity by roughly 50%, to approximately 3 million tons of annual low-cost production.
Randall Atkins, Ramaco Resources Chairman and Chief Executive Officer remarked, Today, the Board approved the completion of the current Berwind slope which had been halted last year, as well as starting a new surface mine at the Knox Creek complex called the Big Creek mine. We look forward to resuming Ramaco s originally projected growth trajectory to over 4 million tons in this current strong market and plan to spend approximately
Avalanche danger level remains high in the Cascades after Washington’s first death this winter By Luke Thompson, Yakima Herald-Republic
Published: February 12, 2021, 9:58am
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Feb. 12–A string of February avalanche deaths reached Washington earlier this week, when snow buried a veteran Washington State Trooper while he rode a snow bike near Knox Creek in Kittitas County.
The fatal accident marked the 22nd avalanche death in the United States this winter, including 15 this month. With danger levels still high and more snow expected in the Cascades this week, Northwest Avalanche Center forecaster Dallas Glass said education and safety precautions will be crucial for those heading into the backcountry.