mentioned. Thank for Ramaco Jeremy. was benchmark-type occurred you, Resources. despite truly some This XXXX of headwinds previously a year the
demonstrates has the performance perform to better Ramaco Resources XXXX operations restrictions. ability even we our when run Our can without that
case, today, we to point happened that completion a are both that of near-term to events to XXXX. company. they have both importance strategic As we in some here the close each and In have game-changing number sit can and
McDonald The first property. public referred of will that, the is which execution I lease, a discuss we the to as coal filings in have
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was was no liabilities XXXX, compliant lease consideration and assumed our million over became available with seams. Elk proven different SEC additional study tracts in reserves reserves occur added XX recent reserve XX is base Our property the base. or a traditional the to the in terminated. of in lease, lease. Creek paid coal and probable there former reserve after lease These approximately This conjunction McDonald The
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presses. deployment Another is developments capital plate of new the Creek two at impactful Elk the on
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Ramaco Resources. differentiating willingness at strategies Our of focus reserves is one on key first the to
confident continued for non-mining We and in income, value that our are result stakeholders. growth this create long-term orientation will
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though our success. assets Even a decades can be mine, on development Berwind capital will operate that is challenging to spending long-lived certainly key like for
contained affiliates various advanced key Consideration permits a opportunistic. two of and amount some to of defaults success approximately January assumption royalties minor carrying the liability, completed being at instruments. We Another for under recently limited of assumed transaction from early in acquire Mining. Highwall lease $XXX,XXX to ARO multiple always paying estimated is a lease Omega transaction
close immediate two future which in million access proximity The load permit Creek and is against The permits plant advantaged recoupable and are Ramaco's most X.XX to coal. preparation geologically separate payments. metallurgical seam, total the area One of Knox provide $XX,XXX of a out less which Jawbone mining to areas. royalty consideration is was deep tons approximately mine out-of-pocket infrastructure in contains than mid-volatile
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While strategically that marketplace discuss up we in fourth advantaged the it quarter. us to we is for and exciting are to current need course also the things how shaped discuss on, the
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While we to throughout for to business will have of optimum a to need domestic sell XXXX, coal robust we continue the operate book levels. at year
more forward, decisions us Fortunately, than make as others. structure low-cost we with going our provides flexibility
in will Ramaco hope We standpoint, trial into in penetration to first convert of ship of the market year. Asia the a that shipment the first amount some quarter. back to term its business half test From
target, Basin in markets traditional only While remain to it the also Atlantic world. for is the the a in metallurgical be we growth coal primary important markets believe player
acknowledge critical current market. to with that our closely rate Working service relative stakeholders XXXX. been participate a in a note, in the realities the is difficult rail and to success willing And engage rail has another experienced On market. to in provider positive we us discussions good of overall primary efficiency,
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operating I over Chris things would quarter our fourth some will XXXX for to turn provide now like prospects XXXX. and who Blanchard, highlights relative to to
