landowner

Dolet Hills Lignite

   Coal prices averaged $85 from 2009-2021, then skyrocketed since Aug 2020 to the the current $435. Cannot find a Lignite quote but assuming it has moved upward also. Wondering if Dolet Hills would re start Lignite mining plans if prices persist?  Profitability potential must have improved enormously since pricing up 5X?     Any thoughts?

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 4, 2022 at 11:54

I'd be surprised if the mine resumed operations,  The lignite mined there has no market other than the power stations.

Permalink Reply by Quattro on March 4, 2022 at 14:05

 It is done.  

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