Signature Sponsor
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