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Saturday, July 30, 2016

COMMISSIONERS APPROVE COAL AGREEMENT

The Pennsylvania Board of Game Commissioners today approved an agreement that will enable Mountaineer Mining Corp., of Berlin, Pa., to mine and remove an estimated 6,000 to 8,000 combined tons of Upper and Lower Kittanning coal from an approximate 2.2-acre coal reserve owned by the Game Commission.

The operation in Shade Township, Somerset County will occur on private lands and will not impact any Game Commission surface lands.

The terms are a five-year agreement, an initial advanced royalty payment of $10,000, and a royalty rate of 6 percent of the F.O.B. pit price for all coal mined and sold from the premises, or $2.50 per ton, whichever is greater.

All coal royalty payments will be deposited in the Game Fund. Mining will be regulated by the Commonwealth’s mining regulations and the Game Commission’s standard Surface Coal Mining Agreement.

2 comments :

Anonymous said...

Game lands being used to mine coal... how ironic

Anonymous said...

8:29.... Did you read the article? And if so did you not understand what the article said?