Post by dyelovich on Jul 28, 2022 21:44:33 GMT -5
I was wondering if someone in this community could help me. I am a banker in Illinois and a company has approached us asking if we would be able to partially finance a purchase of coal and land in Southern Illinois. My understanding is that there is at least 10 million short tons of coal that was stockpiled 40 years ago outside of the mines and has been there ever since. 10 years ago the stockpiles were covered with 5' of clay to put it in line with the EPA.
This is B coal
Shaker coal
I can't understand why this coal has been sitting outside this mine and no one has picked it up. Does anyone have any ideas of whether this should be a good investment or not?
This is B coal
Shaker coal
I can't understand why this coal has been sitting outside this mine and no one has picked it up. Does anyone have any ideas of whether this should be a good investment or not?