Blaschak Coal Corp increases investment in mining operation with purchase of Lattimer Plant
Blaschak Coal Corporation has announced that it has completed the acquisition of a processing plant and secured long-term rights to mine high-quality anthracitelcoal in Latimer, PA. The project encompasses a large area in Luzerne County, near Hazleton.
In addition to mining and processing anthracite, Blaschak will also supply rock from the site for road construction. The company expects to add up to 20 new jobs to its union workforce. The project's coal production is expected to be consumed by customers and markets currently served by Blaschak.
Tony Blaschak, president of Blaschak, said, "We are excited to have completed this transaction, which substantially increases both our reserves and production capacity. As a legacy participant in mining anthracite, we are bullish on the Pennsylvania anthracite industry, and see this as a strong step toward solidifying Blaschak's place as a premier participant in the market."
Anthracite is a form of coal that has high carbon content and low levels of impurities, and burns virtually smokeless, making it a valuable fuel or carbon source for a variety of applications. More than 95 percent of North America's supply of anthracite comes from an eight-county region of northeastern Pennsylvania stretching from Dauphin County north of Harrisburg to Lackawanna County north of Scranton. Blaschak's majority owner, Milestone Partners, is the primary investor in the acquisition of the Lattimer plant.