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. 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. As of March 31, 2010, we controlled an estimated 285.4 million tons of proven and probable coal reserves and an estimated 122.2 million tons of non-reserve coal deposits. Additionally, as of March 31, 2010, our joint venture controlled an estimated 22.4 million tons of proven and probable premium metallurgical coal reserves and an estimated 34.3 million tons of non-reserve coal deposits. Excluding results from our joint venture, for the year ended December 31, 2009 and the six months ended June 30, 2010, we sold approximately 6.7 million and 2.0 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 and sell 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 strong 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.