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Extreme Winter Weather
Drives Up Demand For
Thermal Coal Energy
Xinergy CEO Bernie Mason, drawing from his 35 year coal industry experience, runs the company from its Knoxville, Tennessee headquarters. Xinergy’s revenue comes from operation of two major productive assets; the South Fork Mid-vol mine in Greenbrier, WV and the Raven Crest/Brier Creek thermal complex in Boone, WV. Additionally Xinergy owns or controls an array of properties in planned stages of development for orderly future production expansions.
Founded in 2008, Xinergy was taken public on the Toronto Stock Exchange in 2009. The assets of the Company are generally located in the Central Appalachian region of the Eastern United States.
Xinergy’s mid-vol coal’s current market is balanced among specialty, domestic and export markets. The Company’s thermal coal market is mainly domestic, but due to its freight advantage, is equally marketable to the export market, at the Company’s option.
Xinergy Operating Mines
South Fork: 25,000,000 recoverable mid-vol. reserves. Coal quality is 26 vol, 4.5 ash, .94 sulfur and 14,500 BTU. The South Fork wash plant load-out site is connected to the CSX railroad.
Raven Crest: 44,000,000 recoverable reserves. Coal quality is 12,300 BTU, 10 ash and 1.25 sulfur. The Raven Crest wash plant load-out site is also connected to the CSX railroad.
Mining Stock News
Xinergy is expanding production at both South Fork and Raven Crest. Thermal production at Raven Crest for 2014 is projected to be 640,000 annual tons.
South Fork mid-vol. metallurgical coal production is projected to be 500,000 – 600,000 annual tons. 2015 guidance is expected to be 709,000 on Raven Crest and 850,000 at South Fork.
Operational enhancements under implementation will allow balance sheet adjustments for more effective projection and management of the Company’s capital requirements to better position the company for ongoing growth.