“The purchase of Clear Fork Mining’s Jellico project and its coal production in the prolific Appalachian Coal Basin is an important milestone for Thelon, as we build the company into a premier producer in the coal industry. We look forward to a long working relationship with this talented and experienced team.
Our company objective of becoming a million ton a year producer of High Quality Thermal, Metallurgical and Specialty coals by 2012 is now underway.
Through expansion of our operations, combined with the near term acquisition and consolidation of existing Appalachian Coal mining producers, Thelon’s knowledgeable team of local mining experts are on target to achieving this goal.”
Jason Walsh, President Thelon Capital
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