Our philosophy is extracted through the efforts and experience of our workforce. We believe in investing in the future of our people, our county, and our country. Our strength is directly associated with the pride and confidence we hope to create in our workforce. We are committed to the growth and prosperity of the people we work with and the counties we work within.
Lipari Energy is a socially conscious Company focusing on the production and development of Natural Resources founded on the philosophy of measuring returns through three verticals: safety, environmental and financial performance.
Description of Business
Lipari, through its wholly owned subsidiaries, mines, processes and sells bituminous steam coal from mines located in Clay, Perry, Owsley and Leslie Counties, Kentucky representing approximately 13,700 acres of land in the Commonwealth of Kentucky.
Lipari’s core subsidiary, B&W Resources Inc., has in excess of 10 years’ operating history as a producing coal company in Eastern Kentucky. To date Lipari’s revenues have resulted primarily from the sale of coal to electric utility companies in the Southern and Eastern United States.
Lipari commenced production in 2008 after the acquisition of B&W.
Substantially all of Lipari’s revenue was generated from coal sales to electric utility companies in the United States. Lipari’s largest customers in 2017 were four utilities, representing substantially all of its revenues.
Lipari’s active mining complexes included four surface operations, one highwall mining operation, two preparation plants, loading facilities, repair and maintenance facility.
Lipari had a total of approximately 32,000,000 tons of measured and indicated coal resources and 15 million tons of proven and probable coal reserves which is allocated to the properties listed below.
Lipari, a Delaware corporation, was formed in the fall of 2008 for the purposes of identifying and acquiring an established coal producer in the Central Appalachian region that offered Lipari the following investment criteria:
• Established and profitable coal operations
• Seasoned labor force
• Strong management team
• Quality reserves
• Facilities (preparation plant and load out)
• Opportunity to expand and diversify reserve and production base