Wolf Administration Awards $1 Million in Funding to Blaschak Coal Corp

 Grant to Support Development of Large Reserve of Mammoth Coal in Mount Carmel Region

Mt. Carmel Mine Site

MAHANOY CITY, PA (August 29, 2018) –Blaschak Coal Corp is proud to announce it is the recipient of a $1 million grant, provided by the Redevelopment Assistance Capital Program (RACP), supported by Governor Tom Wolf. The funding will support the reengineering, reopening and redevelopment of a large reserve of Mammoth coal in Mount Carmel – the largest new mine development in the region.

Once the development is complete, it will allow for the production of high quality anthracite for the next 20 years. Throughout the mining process, the land will be reclaimed and restored to its natural condition. The development will employ 25 to 30 UMWA miners, with wages that are more than double the median household income in the region.

“The grant serves as validation of our belief in the continued development and growth of the anthracite market in Pennsylvania,” said Greg Driscoll, President and CEO of Blaschak Coal Corp. “We are proud to further economic development in our region and create new jobs, all while continuing to prove our commitment to environmental stewardship through the process of reclamation.”

In a press release issued by the Commonwealth of Pennsylvania, Governor Wolf reaffirmed his commitment to partnering with organizations that will help communities, industries and the workforce to thrive and ensure Pennsylvania remains competitive in the manufacturing economy.

About Blaschak Coal Corp.

Blaschak Coal Corp. (www.blaschakcoal.com) is a miner, preparer and marketer of Pennsylvania anthracite. Blaschak is a market leader and one of the few fully integrated U.S. anthracite companies with a large reserve base, multiple mines and preparation plants, a bagging plant, both rail and truck loading facilities, and extensive marketing operations serving a wide range of end markets, including home heating, steel and water filtration.

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