New Century Coal [is] estimated to create 25-30 new positions [in Kentucky].
Johnson City, TN (PRWEB) June 02, 2013
New Century Coal has implemented a proactive plan of action to help put Kentucky miners back to work. It will re-open and operate its Whetstone Surface Mining Operations in Kentucky and is estimated to create 25-30 new positions in the organization that will range from Equipment Operators to Surveyors.
“Blue Gem Coal is an extremely high grade of coal that is only found on the Kentucky-Tennessee border. It is characterized by its low ash and sulfur contents as well as its hardness. Because of its purity, Blue Gem is one of the most sought-after grades of coal in the world and it is exported to many different countries. Blue Gem Coal occurs exclusively in Whitley and Knox Counties.”--http://www.newcenturycoal.com
“Coal is good for Kentucky's economy. The Kentucky coal industry brought $3.1 billion into Kentucky from out-of-state during Fiscal Year 1996-97 through coal sales to customers in 29 other states and 15 foreign countries. In Kentucky, it paid over $800 million in direct wages, directly employing over 19,000 persons and indirectly providing an additional 60,000 jobs. In addition to all the normal business taxes, the coal industry in Kentucky paid an additional $160 million in severance taxes to the state.”—http://www.newcenturycoal.com
New Century Coal, Inc., founded in 2006, is a junior mining company headquartered in Johnson City, TN. their area of concentration is in the Appalachian Basin. The company's primary focus is expanding its Coal mining operations at its properties in Kentucky, West Virginia, Virginia, and Tennessee through prospecting, leasing, and mine production.