-RAMACO was formed in 2011 by Yorktown Partners, LLC, Randall Atkins, and Michael Bauersachs. RAMACO was created as a coal reserve and related infrastructure acquisition and development entity. Since inception, RAMACO has acquired roughly 1 billion tons of coal reserves in numerous US coal basins.
-Yorktown Partners invests exclusively in the energy industry. Capital invested by various Yorktown partnerships totals approximately $5.3 billion.
-The principals of RAMACO also formed RAM Terminals, LLC, with Yorktown, which owns a 600 acre site on the Mississippi River near Myrtle Grove, LA. This site will be developed as a major coal export terminal facility. They are partnering development with Armstrong Coal (also a Yorktown Portfolio Company).
-RAMACO acquired, and is actively developing a Northern Powder River Basin Reserve near Sheridan, WY, containing approximately 900 million tons of high BTU subbituminous coal, of which approximately 780 million tons are owned and 115 million tons are leased.
-RAMACO acquired a development property and metallurgical reserves (MonView/Mathies Mine) in western Pennsylvania from Alpha Natural Resources (8 million tons).
-RAMACO acquired the metallurgical Elk Creek mining complex in southern West Virginia from CONSOL (67 million tons).
-RAMACO acquired an Option to acquire a portion of CONSOL’s Danville reserve area in the Illinois Basin. The option has been conveyed to Sunrise Coal/Hallador Energy (Yorktown is their largest shareholder).