About Us
Rhino Energy LLC produces a full range of mid to high Btu and low to medium sulfur steam coal for electric utilities across the U.S., the majority of which are rated investment grade. We also produce metallurgical coal, a key ingredient used by steel producers worldwide. Our available coal qualities span a broad range, which allows us to create a mix that matches a wide variety of customer specifications. Customers also value our commitment to safety and environmental stewardship. Rhino is continuously gaining momentum in an ever-changing industry. We are committed to keeping our employees well trained, and our safety record impeccable.
We have a geographically diverse asset base with coal reserves located in Central Appalachia, Northern Appalachia, the Illinois Basin and the Western Bituminous region. For the year ended December 31, 2007, we sold approximately 8.2 million tons of coal. For the three months ended March 31, 2008, we sold approximately 2.1 million tons of coal. As of October 31, 2007, we controlled approximately 222.3 million tons of proven and probable coal reserves and approximately 97.8 million tons of non-reserve coal deposits. Acquisitions through March 31, 2008 collectively added approximately 39.7 million tons of proven and probable coal reserves and approximately 28.7 million tons of non-reserve coal deposits. We expect to produce approximately 2.3 million tons of coal in 2009 from our recently acquired mining complexes.
Rhino Energy LLC controls significant coal deposits and our plan is to continue to acquire attractive reserves. The majority of our steam coal production in Kentucky and West Virginia meets specifications for both the over-the-counter (OTC) and New York Mercantile Exchange (NYMEX) markets, which significantly increases our marketing flexibility. Our business strategy is designed to continue to:
- Maximize profitability and maintain stable cash flows.
- Grow our business through internal development opportunities.
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- Grow our operations through selective strategic acquisitions.
- Focus on excellence in safety and environmental stewardship.
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