Mining Equity Trust
Regency is an investor in MET - Mining Equity Trust; created to pursue a metallurgical coal roll-up strategy in the Eastern United States.
Owns and Operates Omega Holdings LLC in Virginia in the Appalachian coal fields
Pursuing US Based Coal Roll-Up Strategy
Joint Venture Formed Between Regency Mines PLC and Legacy Hill Resources
Regency Mines holds 47% of Mining Equity Trust (“MET”), a joint venture set up with Legacy Hill Resources to identify and acquire metallurgical coal assets in the United States.
OMEGA Metallurgical Coal: MET owns and operates 100% of Omega Holdings LLC, a producing metallurgical coal business in southwest Virginia in the United States. Omega is a regional leader in using highwall mining to extract coal from the Appalachian mountainsides. Metallurgical coal is an essential ingredient in primary steel making for which there is currently no substitute.
More information can be found at www.miningequitytrust.com.