By Ron Musselman
April 12, 2017 - Corsa Coal Corp. announced Wednesday that the grand-opening ceremony of the Acosta Coal Mine will take place on June 8.
The announcement was made in conjunction with the Pennsylvania Coal Alliance and Somerset County Chamber of Commerce.
The Acosta mine, in Jenner Township, Somerset County, is expected to bring 70 to 100 direct full-time jobs and an estimated 500 indirect jobs to western Pennsylvania.
The mine is projected to produce 400,000 tons of metallurgical coal per year that will be sold to steel companies in the United States, Asia, Europe and South America.
The project has been fully financed by Corsa’s October 2016 private placement, as well as a grant from the Commonwealth of Pennsylvania’s Redevelopment Assistance Capital Program.
“The opening of the Acosta Deep Mine marks a return to coal industry job creation in Somerset County, Pennsylvania,” Corsa said in a statement. “Metallurgical prices have risen to record levels on the strength of strong steel demand and supply scarcity.
“The development of this mine is consistent with our strategy of developing low cost, premium quality metallurgical coal projects that are supported by our existing coal preparation and rail loading infrastructure.”