Business
Ramaco Resources Inc. Announces Key Senior Executives to Support Multi-Year Production Growth Strategy
LEXINGTON, Ky., Sept. 12, 2022 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) ("Ramaco Resources" or the "Company") today announced the appointment of
About this update from Ramaco Resources, Inc.
[{"type":"text","content":"LEXINGTON, Ky., Sept. 12, 2022 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) (\"Ramaco Resources\" or the \"Company\") today announced the appointment of four senior executives into newly created positions at the Company. Paul Horn will serve as Senior Vice President and Ramaco's Chief Mine Development Officer, Scott Kreutzer will join as Senior Vice President and Chief Administrative Officer, Tim Chatting will serve as Director of Financial Reporting, and Katie Monroe will serve as Director of Land Administration. \nThe hires are an integral part of Ramaco's ongoing growth and production expansion. Ramaco has recently announced plans to nearly triple its annual production of metallurgical coal from 2021 levels over the coming years and is also surveying its potential to mine its rare earth element reserves in Wyoming.\n\"We are building on our already strong bench to help us transition to the next level of growth for our company,\" said Randall Atkins, Ramaco Resources' Chairman and Chief Executive Officer. \"In our first five years we basically grew from scratch to become a 2 million ton a year production operation. Over the next few years, we intend to triple that size to produce over 6.5 million tons annually. To effectively execute to reach these levels we are bringing onboard additional senior management in a variety of operational, financial and administrative disciplines to round out our very effective existing team.\"\nPaul Horn brings with him almost 30 years of experience as one of the most senior mining executives in the Central Appalachian market. He served for over twenty years for the privately held Booth Energy Group with ten years as the President and Chief Operating Officer. In those roles he oversaw numerous large scale underground and surface mining complexes in both Kentucky and West Virginia. He began his career in operations at Alliance Coal and has also served as the past Chairman of the Kentucky Coal Association.\nHorn's role at Ramaco will be to spearhead and oversee the development and expansion of all the Company's existing and new mining complexes.\n\"Paul is true proven mining professional with a deep knowledge of our business. We look forward to having him play a critical role as we execute on our growth plans to bring several new mine complexes and infrastructure production facilities on-l...