Quest, Powell Branch embark on Kentucky mining jv

摘要

Quest Minerals & Mining and Powell Branch Energy said they have signed a letter of intent for a joint venture to mine coal properties in southeastern Kentucky. The initial project involves mining 1.4 million short tons of coal reserves from the Elkhorn No. 3 coal seam through a lease agreement to mine property held by Powell Branch, Quest said in a statement. Quest will have one underground mine to start, with a permit already in place, Quest CEO Eugene Chiaramonte Jr. told Platts.