A mining company with operations in Eastern Kentucky and Southern West Virginia has been acquired by a Central European firm.
In a statement issued June 1, Sev.En Energy, a Czech Republic-based company, announced it had acquired Blackhawk Mining and it’s operations in Kentucky and West Virginia. Sev.En Energy currently has coal operations in the Czech Republic, the United Kingdom and Australia, the statement said, and the acquisition of Blackhawk Mining will allow the company to venture “fully into the metallurgical coal mining industry.”
According to the statement, Blackhawk produces 7 million to 8 million tons of metallurgical coal annually, and 3 million to 4 million tons of thermal coal annually.
“This is an exciting time for Blackhawk Mining,” said Jesse Parrish, Blackhawk Mining CEO. “With the support of Sev.en Energy, Blackhawk is well positioned to navigate the current market environment and pursue synergistic growth opportunities in the sector. We will remain focused on the safety and well-being of our employees and committed to our partnerships with customers and vendors. We look forward to integrating into the Sev.en Energy portfolio and working with its team of industry leading professionals to attain new levels of success.”
Blackhawk Mining has operations in several states. The company has operations in Floyd and Magoffin counties in Kentucky, as well as operations in Mingo, Logan and several other counties in West Virginia
The acquisition of Blackhawk is the latest in several recent international acquisitions by Sev.En Energy.
“This is a significant step for Sev.en Energy as the group ventures fully into the metallurgical coal mining industry,” said Sev.En Energy Executive Director Alan Svoboda, who is leading the international expansion of the Group. “Blackhawk is a great company with highly productive Tier-1 assets and large coal reserves. We look forward to working with Blackhawk, its management and employees to secure the long-term success of the company and establish a platform for further growth in the region.”