Australian metallurgical coal producer Coronado Global Resources has unveiled plans to invest $169.1m to expand coal mining operations at its Buchanan Mine Complex in Virginia, US.
The expansion project is expected to create 181 jobs, bringing the total number of employees at the site to 781, Virginia governor Glenn Youngkin announced.
By expanding into Buchanan and Tazewell counties, Coronado intends to increase capacity at the Buchanan Mine Complex to meet the growing demand for metallurgical coal, an essential element in the production of steel.
“We are committed to our Buchanan operation in Virginia and see great potential for capitalising on the growing demand for steel not only for construction and transportation infrastructure but also renewable energy component parts.”
Gerry Spindler, Coronado Global Resources CEO
Coronado Global Resources CEO Gerry Spindler said: “We are committed to our Buchanan operation in Virginia and see great potential for capitalising on the growing demand for steel not only for construction and transportation infrastructure but also renewable energy component parts.”
Said to be the largest metallurgical coal mine in Virginia, the Buchanan Mine Complex started production in 1983.
Furthermore, Youngkin approved a $3.52m grant from the Commonwealth’s Opportunity Fund to assist with the development of the project.
“Coronado Global Resources’ major expansion is a win-win, creating 181 high-paying jobs in the resilient Buchanan community and increasing Southwest Virginia’s production of an essential component for the steel industry.”
Glenn Youngkin, Virginia governor
Youngkin commented: “Coronado Global Resources’ major expansion is a win-win, creating 181 high-paying jobs in the resilient Buchanan community and increasing Southwest Virginia’s production of an essential component for the steel industry.”