Mining Inc. is a private US based coal development company
which is focussing on a premium semi-hard coking coal deposit
located in the Midwest, USA.
The company has recognised the potential
of a coking coal mine to be developed in this region, and
has selected its core project, the Heavener Project, for the
following sound reasons:
- The project is fully permitted by the previous operators
who had been mining open cut “strip mines”
- The project has had extensive geological and other
technical work done over the years, which, although not
JORC compliant, was enough to recognise the potential
of the resource.
- The coal seam at Heavener (Hartshorne Seam) averages
six feet in thickness, and as such, provides for several
- There are no logistical hurdles in the area as the
project provides excellent access to rail and port with
the option of several methods for coal transport to the
- There are no environmental issues in the area due to
the legacy of the good environmental record displayed
by the previous owners.
The Heavener Project is located on the Oklahoma-Arkansas
border and is centered in one of the few regions in the central
and western United States where low volatile, hard coking
coal occurs. This form of coking coal is the most sought after
coking coal on the market, and commands very attractive prices
in export trade.
Ouro has a strong technical and commercial management team
in place, having professionals who are very experienced in
taking the Heavener Project to the next important level. This
team will be further strengthened as the project naturally
develops towards mining.