Monty Rakusen | Cultura | Getty Images
Business: Contura is large scale provider of metallurgical (“met”) and thermal coal. The company has mining operations across coal basins in Pennsylvania, Virginia and West Virginia. It supplies both metallurgical coal to produce steel and thermal coal to generate power. The met coal business is the largest producer of coking products, which are critical components of steel production. The met coal business makes up more than 75% of the company’s total revenue. The thermal coal is primarily sold to the domestic power generation industry.
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