Triple H Coal Company
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Triple H Coal, LLC is a coal mining company headquartered in Tennessee with coal mining operations in the Tennessee Coal Mining Reserve. It was founded in 2004 and sells coal to the US domestic market as well as China. Triple H’s Tennessee mines cover a surface area of over 30,000 mineral acres and consist of 9 seams that are located throughout the Tennessee Coal Reserve. The company is private and had sales in 2011 that totaled more than 53MM, much of it to China.[1]
Purchase by Guochuang Energy
On May 7, 2012, Guizhou Guochuang Energy Holding Group said it had raised 3.9 billion yuan ($616 million) in a private placement to be used mainly to acquire and develop Triple H Coal Company, making it the first Chinese company to invest in coal in the U.S. Guochuang said Triple H Coal has five mining permit applications awaiting approval, and the company plans to build five new mines with 1 million tons of capacity each after the acquisition, which will have annual production capacity of 5 million tons of coking coal.
Guochuang also said that a wholly owned subsidiary, Jiangsu Dipu Mining Investment Co., would acquire a full stake in Treasure Port International Limited (TPI) for up to $10 million. In March 2011, TPI had acquired Triple H Coal, mainly funded by borrowing from Questmark Mining Rights Investment Fund.[2]
Contact Information
Triple H Coal Company
137 School Street
Jacksboro, TN 37757, USA
E-mail: info@triplehcoal.com
Website: http://triplehcoal.com/index.html
Articles and Resources
Sources
- ↑ "About Us," Triple H Coal Company, accessed May 2012.
- ↑ Zhang Boling, "China digs into American coal mines," MarketWatch, May 29, 2012.
Related GEM.wiki articles
External Articles
- John Lippert and Mario Parker, "Coal's comeback", Washington Post, October 31, 2010. (This is a Bloomberg News story).
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