About Us
Rhino Resource Partners produces a full range of mid to high Btu and low to medium sulfur steam coal for electric utilities across the United States. 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. In addition to operating coal properties, we manage and lease coal properties and collect royalties from such management and leasing activities. We have also invested in oil and gas mineral rights that have begun to generate royalty revenues for us.
Customers 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. As of December 31, 2011, we controlled an estimated 437.0 million tons of proven and probable coal reserves and an estimated 417.1 million tons of non-reserve coal deposits. Additionally, as of December 31, 2011, our joint venture controlled an estimated 43.4 million tons of proven and probable premium metallurgical coal reserves and an estimated 17.9 million tons of non-reserve coal deposits. Excluding results from our joint venture, for the year ended December 31, 2011 and the three months ended March 31, 2012, we sold approximately 4.9 million and 1.1 million tons of coal, respectively.
Rhino Resource Partners controls significant coal deposits and our plan is to continue to acquire attractive reserves. Our principal business strategy is to safely, efficiently and profitably produce, sell and lease both steam and metallurgical coal from our diverse asset base. Our plan for executing this strategy includes the following key components:
- Maintain safe coal mining operations and environmental stewardship.
- Increase our production to grow our revenues and operating cash flow.
- Capitalize on the demand for metallurgical coal.
- Control the costs of our operations and optimize operational flexibility.
- Reduce exposure to commodity price risk through committed sales.
- Manage financial and legacy liabilities to maintain financial flexibility.