Ramaco Resources Inc - Company Profile
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Ramaco Resources Inc (Ramaco Resources) is a mining company. The company's main activities include operating and developing high-quality, low-cost metallurgical coal mines in southern West Virginia and southwestern Virginia, as well as exploring rare earth elements and critical minerals in Wyoming. Ramaco Resources major products are metallurgical coal and potential rare earth elements. The company's coal is primarily supplied to North American blast furnace steel mills, coke plants, and international metallurgical coal consumers. It operates through a network of mining complexes, including Elk Creek, Berwind, Knox Creek, and Maben, with additional development at the Brook Mine in Wyoming. The company has operational offices in Charleston, West Virginia, and Sheridan, Wyoming, targeting both domestic and international markets. Ramaco Resources is headquartered in Lexington, Kentucky, the US.
Headquarters
United States of America
Address
250 West Main Street, Suite 1800, Lexington, Kentucky, 40507
Website
ramacoresources.com
Telephone
1 859 2447455
No of Employees
900
Industry
Metals and Mining
Ticker Symbol & Exchange
METC (NASD)
Revenue (2024)
$536.6M
-19.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-559.7%
(2024 vs 2023)
Market Cap*
$759.7M
Net Profit Margin (2024)
XYZ
-670.8%
(2024 vs 2023)
* As of and is in US$
Ramaco Resources Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Product: |
| Metallurgical Coal |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In November, the company acquired a patent from the U.S. Department of Energy’s research institution, the National Energy Technology Laboratory for the commercial development of a revolutionary coal-to-products technology. |
| 2022 | Acquisitions/Mergers/Takeovers | In September, the company acquired 100% stake of Maben Coal LLC for US$30 million. |
| 2022 | Contracts/Agreements | In August, the company entered into an agreement with Appleton Coal LLC to acquire Maben Coal LLC for US$30 million. |
Competitor Comparison
| Key Parameters | Ramaco Resources Inc | Arch Resources Inc | Alpha Metallurgical Resources Inc | Warrior Met Coal Inc | Corsa Coal Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Lexington | St. Louis | Bristol | Brookwood | Friedens |
| State/Province | Kentucky | Missouri | Tennessee | Alabama | Pennsylvania |
| No. of Employees | 900 | 3,400 | 4,040 | 540 | 400 |
| Entity Type | Public | Private | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Randall W. Atkins | Chairman; Chief Executive Officer | Executive Board | 2015 | 73 |
| Evan H. Jenkins | Secretary; Vice Chairman | Executive Board | 2025 | - |
| Jeremy R. Sussman | Chief Financial Officer; Executive Vice President | Senior Management | 2019 | 43 |
| John C. Marcum | Chief Accounting Officer; Executive Vice President - Production | Senior Management | 2023 | 62 |
| Christopher L. Blanchard | Executive Vice President - Mine Planning and Development | Senior Management | 2017 | 51 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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