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Divestiture • Metals/Mining

Ramaco Resources Acquires Maben Coal

On August 8, 2022, Ramaco Resources acquired metals/mining company Maben Coal from Appleton Coal for 30M USD

Acquisition Context
  • This is Ramaco Resources’ 1st transaction in the Metals/Mining sector.
  • This is Ramaco Resources’ largest (disclosed) transaction.
  • This is Ramaco Resources’ 1st transaction in the United States.
  • This is Ramaco Resources’ 1st transaction in West Virginia.

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M&A Deal Summary
Date August 8, 2022
Target Maben Coal
Sector Metals/Mining
Buyer(s) Ramaco Resources
Sellers(s) Appleton Coal
Deal Type Divestiture
Deal Value 30M USD

Target Company

Maben Coal

Mullens, West Virginia, United States
Maben Coal consists of approximately 33 million tons of minable coal on over 28,000 leased acres of property containing various areas of high-quality low vol met coal in the Pocahontas 3, Pocahontas 4, Sewell, and Pocahontas 6. Maben Coal is based in Mullens, West Virginia.
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Buyer Overview 1

Buyer

Ramaco Resources

Lexington, Kentucky, United States
Category Company
Founded 2015
Sector Metals/Mining
Employees984
Revenue 666M USD (2024)
DESCRIPTION

Ramaco Resources is an operator and developer of high-quality, low-cost metallurgical coal in central and southern West Virginia, southwestern Virginia, and southwestern Pennsylvania. Ramaco Resources was founded in 2015 and is based in Lexington, Kentucky.

Deal Context for Buyer #
Overall 1 of 1
Sector: Metals/Mining 1 of 1
Type: Divestiture 1 of 1
State: West Virginia 1 of 1
Country: United States 1 of 1
Year: 2022 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

Appleton Coal

Charleston, West Virginia, United States
Category Company
Sector Metals/Mining
DESCRIPTION

Appleton Coal is specialized in coal mining. Appleton Coal is based in Charleston, West Virginia.

Deal Context for Seller #
Overall 1 of 1
Sector: Metals/Mining 1 of 1
Type: Divestiture 1 of 1
State: West Virginia 1 of 1
Country: United States 1 of 1
Year: 2022 1 of 1
Size (of disclosed) 1 of 1

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