Kentucky Coal Mining
The Dark Side & What They Don't Want You To Know.
The Money Trail
If It looks Wrong It Probably Is.
The Central Appalachia (CAP) 12,500-Btu rail coal tracked by the Energy Information Administration (EIA) remained at $85.80 per short ton and the Northern Appalachia (NAP) average spot coal price for 13,000-Btu coal did not change from $110.00 per short ton. The 11,700-Btu Uinta Basin (UIB) coal commodity continued at $52.00 per short ton;
(People, Remember This)
A ton is 2400 lb. A short ton is 2000 lb.
Note: With the above in mind, $85.80 per short ton this comes to $102.96 a ton.
Or $32.08 a Short Ton.
The coal thief is going to seal the coal for 110.00 a ton. A profit of $71.50 a ton, So what am I saying?. I am saying to all owners of the land and the mineral rights, Get what is due you.
With the above in mine a more then fair price is $20.00 a ton royalties. This will give the coal bearings a profit of $51.50 a ton or 56.65 percent return on there investment. You as a land owner may not have the mineral rights. So what? You are, at the least, entitled to at least half of the $20.00 a ton. Its your land thats going to be destroyed and you have to live with the consequences.
State Law: "The legal right to mine coal is not just someone having mineral rights. You, the land owner, must give the miner or the company legal right of entry onto your property."
To all the people of Owsley County: I live here. Owsley County is the poorest county in the state. With the coal reserves this county has we should be one of the most affluent counties in the state. People do not give away your wealth and the wealth of your Children.