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Nov 07, 2021 The United Kingdom-based owner of a reopening metallurgical coal mine in Mingo County has entered into an agreement with a Kentucky company to produce coal reserves.
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The U.S. coal industry serves a vital role in the nation’s economy by producing fuel for than half of its electricity. Despite the industry’s importance, industry financial data for 2005—the strongest year for the coal industry in recent years—shows that it is a relatively small industry with revenues totaling $20 billion to $25 billion and net income between $1 billion and $2.
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Western Kentucky represented, in the time period covered by this book from the 1950s-80s, the bulk of coal mining in North America. Attributed to in John Prine’s famous song “Paradise,” Muhlenberg County is home to Kentucky's first commercial coal mine named the McLean Drift Bank.