Business
American Resources Corporation Expands Workforce of Perry County Resources to Restart Complex
Company preparing to restart metallurgical carbon mining and processing operations at restructured complex this quarterPerry County Resources restructured to
About this update from American Resources Corporation
[{"type":"text","content":"Company preparing to restart metallurgical carbon mining and processing operations at restructured complex this quarterPerry County Resources restructured to be one of the lowest cost and most innovative PCI and stoker operations in the United StatesFISHERS, IN / ACCESSWIRE / October 12, 2020 / American Resources Corporation (NASDAQ:AREC) (\"American Resources\" or the \"Company\"), a supplier of raw materials to the rapidly growing global infrastructure marketplace, today provided an update on its progress to commence mining operations at its Perry County Resources (\"PCR\") mining complex in Hazard, Kentucky. In anticipation of restarting the PCR complex, the Company is in the process of expanding the workforce at PCR to approximately 76 underground mine and 16 preparation plant employees in the near-term, with a plan to grow to approximately 175 workers as the complex expands its production base.Tarlis Thompson, COO of American Resources Corporation commented, \"We are truly excited to restart the Perry County complex and unveil it as one of the lowest cost, if not the lowest, PCI and stoker operations in the United States. As we prepare to bring this first-class operation back online this quarter following our extensive restructuring efforts, we are confident that the efficient, low-cost structure at Perry County will be a long-term, stable provider of jobs to the local community. Furthermore, we have some of the best employees in the industry and we look forward to providing our customers with high-quality carbon products for years to come.\"American Resources has been a consolidator and operator of quality metallurgical carbon assets in the Central Appalachian basin (\"CAPP\") to serve customers in the steelmaking, specialty alloy metals, and industrial marketplaces. Its next-generation model and philosophy is to restructure existing, legacy operations to better fit the modern-day marketplace by eliminating legacy costs and liabilities to significantly increase the overall efficiency and profitability of its complexes. Perry County Resources is one of the Company's five operating complexes within the CAPP.Production at PCR, which was idled post acquisition for the restructuring process, has remained idle during the COVID-19 outbreak to ensure a safe working environment, to protect the health of its employees and others, to...