New mine in Pennsylvania will create 100 new jobs
The opening of the Acosta Deep Mine mine is the beginning of President Trump’s campaign promise to bring back jobs for the decimated U.S. coal industry and heralds a new chapter for the world’s cheapest and most plentiful energy source.
The industry was hit hard by the Obama Administration’s strict restrictions on coal-fired power plants, putting thousands of miners out of work.
Trump deregulated the industry by scuttling Obama’s Surface Mining Stream Protection Rule that had almost wiped out the industry.
Corsa Coal Corp. decided to open the Acosta mine, 60 miles from Pittsburgh, to take advantage of higher metallurgical coal prices. The State of Pennsylvania contributed to the mine opening with a $3 million grant.
“Easing the regulatory burden, lowering taxes and stimulating infrastructure spending is very good for coal,” said Corsa CEO George Dethlefsen.
The new mine will provide jobs for 100 workers and produce 400,000 tons of metallurgical coal a year.
“One by one, we’re eliminating the regulations that threaten your jobs,” Trump said at the opening of the mine. “We have withdrawn the United States from the horrendous Paris climate accord, something that would have put our country back decades and decades.”
Added Dethlefsen: “The war on coal is over.”
Corsa Coal, a $165 million company with 400 employees, produces metallurgical coal for steelmaking. The company plans to open another mine next year and a third one in 2019.