Sev.en Global Investments Acquired Mining Rights for 2 Billion Tons of Coal in the United States
Press Release (April 4, 2023)
Apr 4, 2023 (Prague) - Sev.en Global Investments announces a major acquisition of mining rights to more than 2 billion tons of recoverable thermal coal reserves in the Illinois Basin.
The transaction was closed several days ago through Sev.en Global Investments´ subsidiary Golden Eagle Land Company, which was established two years ago with the purpose to invest into land and mineral rights portfolios across the United States.
Sev.en Global Investments acquired companies Colt, LLC and Ruger Coal Company, LLC (collectively, “Colt and Ruger”). Colt and Ruger own or control nearly 300,000 acres of mineral rights in southern Illinois that are leased to some of the most prominent and productive operators in the region. Colt and Ruger were formed in the early 2000’s by a legendary coal operator and philanthropist Chris Cline to acquire land and mineral rights associated with developing large scale thermal coal mines to serve domestic and international power producers.
"Land and mining rights play a significant role in our investment strategy in the United States and Australia. Colt and Ruger are already our third royalty acquisition in the United States and we are actively seeking and evaluating other opportunities in conventional power generation and mining of coal and other natural resources. We are currently exploring some acquisition targets in other commodities such as nickel, uranium,” explains Alan Svoboda, CEO of Sev.en Global Investments.
Golden Eagle Land Company was established to invest into land and mineral rights portfolios. The portfolio prior to Colt and Ruger spanned across four US states (Wyoming, Ohio, Illinois and West Virginia) and covered over 55,000 acres of land, as well as over 300,000 acres of mineral rights, and ownership of over 200 million tons of proven reserves of metallurgical and thermal coal.
With the purchase of Colt and Ruger, Golden Eagle Land Company becomes one of the largest coal royalty firms in the nation with royalty producing coal properties in 4 of the nation´s major coal basins.
About Golden Eagle Land Company
Golden Eagle is a land holding company formed in 2021 and headquartered in Lexington, Kentucky. The Company owns and controls land and associated mineral rights across the United States, including substantial acreage in Wyoming, West Virginia, Illinois, Indiana and Ohio. Golden Eagle strives to partner with responsible operating companies to develop the underlying natural resources for the benefit of the local communities and national economy. Golden Eagle is a subsidiary of Sev.en Global Investments, a Czech based family office investment group.
About Sev.en Global Investments
Sev.en Global Investments is a Czech based investment group that holds long-term investments across a range of sectors, particularly in the power generation and mining. The Group operates on 3 continents - Europe, Australia and the United States. In Australia, the investment portfolio includes Delta Electricity – a coal power plant with coal mines and Salt Lake Potash which focuses on potash production. In the United States, it is the owner of Blackhawk Mining and Golden Eagle Land Company. Sev.en Global Investments is part of the Sev.en group whose beneficiary is Mr. Pavel Tykač, a prominent Czech entrepreneur and investor.
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