Citizens for Coal/Genesis Research and Communications Weekly WV Coal Report
May 22, 2016 - According to the OMHST and our calculations, West Virginia current coal mining report is as follows:
Tonnage Produced
Underground 19,019,969
Surface 4,275,889
TOTAL 23,295,858
Employment
Underground 9,382
Surface 2,138
TOTAL 11,520
Severance Collections (5 percent of sale price) through mid-May.
$48,921.301
Projections for 2016 (Given no changes in demand)
Underground 49,451,919
Surface 11.117,311
TOTAL 60,569,230
Severance Collections (5 percent of sale price) through mid-May.
$127,195,383
Lost Jobs from 2015
Direct Coal 3,674 (lost in one year)
Support Jobs 18,370 (lost in one year)
Lost Wages from 2015
Direct Coal Wages Lost $264,528,000 (lost in 1 year based on $72K annual wage)
Support Wages Lost $771,540,000 (lost in one year based on $42K annual wage)
Total Wages Lost $1,036,068,000 (lost in one year).
State Income Taxes Lost (Based on 5 percent effective state income tax rate)
$51,803,400