Australia-Based Coronado Global Resources Expands Buchanan-Tazewell County, Virginia, Operations
The company will increase capacity at its Buchanan Mine Complex to meet the growing demand for metallurgical coal. Coronado’s two U.S.-producing mine complexes are the Buchanan Mine Complex and the Logan Mine Complex located in West Virginia.
“Coronado’s worldwide operations produce the highest quality metallurgical coal used in steel making,” said Gerry Spindler, CEO of Coronado Global Resources. “We are committed to our Buchanan operation in Virginia and see great potential for capitalizing on the growing demand for steel not only for construction and transportation infrastructure but also renewable energy component parts.”
The Virginia Economic Development Partnership (VEDP) worked with Buchanan County, Tazewell County, and InvestSWVA to secure the project for Virginia. The Governor's office approved a $3,525,000 grant from the Commonwealth’s Opportunity Fund to assist both counties with the project. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
“Southwest Virginia has long been an energy engine for the Commonwealth, and Coronado produces a high-demand resource that is a mainstay for infrastructure around the world,” added Secretary of Commerce and Trade Caren Merrick. “The company’s investment in Buchanan County and Tazewell County signifies its future longevity and is a vote of confidence in the region’s ability to provide a high-quality workforce, business-friendly climate, and great quality of life.”
The Buchanan Mine Complex first commenced production in 1983, with longwall mining beginning in 1987. It is the largest metallurgical coal mine in Virginia and employs nearly 600 people.
“Coronado’s additional investment in its Buchanan operation and its skilled workforce demonstrate a commitment to ensuring Virginia remains the energy capital of the East Coast,” said Senator Todd Pillion, co-chair of InvestSWVA. “Our team is proud to have partnered with Coronado’s executive leadership in a retention and growth strategy that will supply the world’s steel manufacturers with the highest-quality met coal available in the global market.”
Coronado Global Resources is a leading international producer of high-quality metallurgical coal, an essential element in the production of steel. Operations are located in two of the largest and most productive metallurgical coal basins in the world; the Bowen Basin in Queensland, Australia, and the Central Appalachian region of the U.S.
2022 Top States for Doing Business Provide an Environment for Business Growth
2022 Top States Workforce Development Programs
The New Industrial Ecosystem
The 2021 Top States for Doing Business Reflect Their Locational Advantages
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
2022 Top States Commentary: Site Selection – When You Are Good, You Win!