Warrior Met Coal plans to develop a new $500 million underground coal mining facility in northern Tuscaloosa County over the next five years, creating 350 new jobs.
The project, to be located on Brandon School Road, is scheduled to start construction March 1 with operations projected to begin during the second quarter of 2025.
Warrior Met mines non-thermal metallurgical, or met coal, used in steel production by metal manufacturers in Europe, South America and Asia.
The Blue Creek reserve project is expected to produce, based on current market pricing of approximately $150 per metric ton, more than $1 billion in coal over the life of the mine. The development will be a single longwall mine and is expected to have the capacity to produce an average of 4.3 million short tons per year of premium High-Vol A met coal over the first ten years of production.
It is one of the last remaining large-scale untapped premium High Vol A met coal mines in the United States.
The Tuscaloosa County Industrial Development Authority (TCIDA) approved tax abatements Wednesday for the project, according to Bryan Chandler, TCIDA interim executive director.
Average starting salaries for mining jobs with the project are anticipated to be around $85,000 a year, officials said.
Warrior Met Coal CEO Walt Scheller said the project will “transform” Warrior.
“Our commitment to this new initiative demonstrates our continued focus on being a world‐class premium met coal producer supplying the global steel industry. We appreciate the good working relationship we have with all our local officials, and we look forward to this project producing jobs and economic benefits for West Alabama," Scheller said.
Tuscaloosa County Commission Chairman Rob Robertson said the project is estimated to produce more than $11 million in education taxes from new construction and new purchases from the initial phase.
Gov. Kay Ivey, in a statement, said she was “extremely pleased” by the announcement.
“The jobs they create will provide real careerbuilding opportunities for Alabamians," Ivey said. "Further, the metallurgical coal to be produced in this new operation will enhance our state’s global trade footprint as it moves through the Port of Mobile and to Warrior Met customers around the globe.”
https://www.al.com/business/2020/02/500-million-coal-mine-announced-for-tuscaloosa-county.html
2020-02-20 12:00:00Z
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