Blackhawk
Mining, LLC
Date of investment:
June 2020
CEO:
Jesse Parrish
In June 2020, Sev.en GI acquired a 100% share in Blackhawk Mining, the fourth largest metallurgical coal producer headquartered in Lexington, Kentucky, operating 8 efficient mining complexes in West Virginia and Kentucky with almost 6 million tons of annual metallurgical coal production.
Blackhawk produces a variety of Hard Coking Coals and PCI coals used for steel and coke‑making and provides its met coal to all major US steel producers and to important steel producers in South America, Europe, India and East Asia.
How Sev.en GI Adds Value
The acquisition was closed at the time of COVID market downturn. Sev.en group provided Blackhawk needed funds to ensure stability and business continuity
Further improvements under Sev.en GI's focus:
— gradual phase-out of thermal coal mines followed by reclamation investments
— modification of certain mining technology at some locations to achive higher cost efficiency
— increased production of premium metallurgical coal products with very strong global demand
— active search for further acquisition opportunities for potential sector consolidation.
Geographical Location
Of Mining Complexes
VIRGINIA
APPALACHIA
(CAPP)
Mining Complex | State | Mining Method | 2023 Production (m tons) | Coal products |
---|---|---|---|---|
Rockwell | WV | Surface + UG | 1.7 | HVA & HVB Met coal |
Kanawha Eagle | WV | Underground | 1.3 | HVB Met coal |
American Eagle | WV | Underground | 0.7 | HVB Met coal |
Maple Eagle | WV | Surface + UG | 0.8 | HVA met coal |
Blue Diamond | KY | Underground | 1.2 | PCI |
Total Metallurgical coal | WV, KY | Surface + UG | 5.7 | Various |
Blue Creek | WV | Underground | 1.3 | Thermal |
Pine Branch | KY | Surface | 1.0 | Thermal |
Samples | WV | Surface | 0.7 | Thermal |
Total Thermal coal | WV, KY | Surface + UG | 3.0 | Thermal |
Total Blackhawk | WV, KY | Surface + UG | 8.7 | Various |
>We Target Special Situations And ESG Deprived Industries.
Golden Eagle Land Company, LLC
Date of formation:
August 2021
President:
Chad Salyer
In August 2021, Sev.en GI, via its US subsidiary Sev.en US Met Coal, founded Golden Eagle Land Company with the purpose to invest into land and mineral rights portfolios across the United States. Since then, Golden Eagle has acquired four companies – Wildcat Coal, LLC, Blue Creek Minerals, LLC, Colt, LLC and Ruger Coal Company, LLC.
Golden Eagle currently owns over 55,000 acres of land and over 600,000 acres of mineral properties, and controls over 2.2 billion tons of proven reserves of both metallurgical and thermal coal in Wyoming, Ohio, Illinois, and West Virginia.
Golden Eagle has an ambition for further dynamic growth through investments into various natural resource properties generating royalty income.
InterGen
Date of investment:
February 2024
In February 2024, Sev.en Global Investments acquired 100% of InterGen's gas-fired power generation business. Headquartered in Edinburgh, InterGen is one of the UK’s largest independent power producers and has a portfolio that includes three combined-cycle turbine plants in Coryton (Essex), Spalding (Lincolnshire), and Rocksavage (Cheshire), as well as an open-cycle gas turbine plant in Spalding and battery energy storage system development project located adjacent to the Spalding power plant.
InterGen operates a diversified and efficient electricity-generating portfolio with a total capacity of over 2,800 MW. The facilities generate enough electricity to run over a million homes and businesses in ways that are reliable and socially responsible.
Essex, UK
Operation launch: 2001
Capacity: 779 MW
Type: Combined cycle gas
Turbine: Alstom GT26
Ownership interest: 100%
Cheshire, UK
Operation launch: 1998
Capacity: 806 MW
Type: Combined cycle gas
Turbine: Alstom GT26
Ownership interest: 100%
Lincolnshire, UK
Operation launch: 2004
Capacity: 880 MW
Type: Combined cycle gas
Turbine: General Electric 9FA
Ownership interest: 100%
Lincolnshire, UK
Operation launch: 2019
Capacity: 300 MW
Type: Open cycle gas
Turbine: Siemens SGT5-4000F
Ownership interest: 100%