467 Calloway Gap Road
West Jefferson, NC 28694
How
Coal Exchange
Works
Coal Exchange is an Internet site, which facilitates coal selling and purchasing. The site is a real-time communication supplement to existing sales/ purchasing systems and is intended for use by existing coal sales and procurement personnel.
Producers enter their coal offerings on the system by responding to user-friendly questions about transportation, quality guarantees, and other particulars. These entries are secure and are not available to other producers. The producer's identity is released to the consumer only after interest has been expressed in a specific offering and the producer has confirmed that the coal remains available. Producer's offerings are instantly entered into the system and are available for consumer query and purchase.
Consumers query the system to obtain a listing of coals that fulfill their supply criteria. Searchable criteria include transportation (mode and origin) quality, sulfur, and size specifications.
The solicitation bulletin board provides a site where consumers' active coal solicitations can be posted, either spot or contract. Producers can respond directly to specific solicitations through the Coal Exchange system. Responses are directed to an individual mailbox for each consumer.
Once a consumer has expressed initial interest in a specific coal and the producer confirms availability, the parties are introduced so they may finalize negotiations and close the transaction.
There are no fees for producers to enter coals into the system or for consumers to conduct a query. A small transaction fee is charged producers and consumers only on completed sales/purchases.
EXAMPLE OF INFORMATION SUPPLIED
BY U.S. PRODUCER
Account Number (required entry): 1234
Please select Shipping Method: Railroad
If Shipping by Rail choose Railroad : Norfolk
Southern
Choose Freight District by shipping method:
NS Virginian Dist. 3
Coal Size: Nut
and Slack
Tons Available: 10,000
Price: $28.25
Shipping Capacity: 10,000
Ton Trains
Loading Time in Hours: 4Hours
Seam: Lower Cedar
Grove
U.S.B.M. District: 8
Mining Method: Underground
Shipping Point: Williamson,
WV
BTU's: 12,800
Moisture: 5.0
Ash: 10.0
Sulfur: 1.0
Fixed Carbon: 54.0
Volatile: 35.0
Ash Softening Temp: 2,600
Grind: 50
Fines: 45
Labor Union: UMWA
Sampling: Cartop
Analysis: Outside
Lab
Weight determined by: Certified
Belt Scale
Coal Description: Crushed
Name of Mine: Leslie
No.1
Mine Location: Williamson,
WV
State Permit Number: 846-5036
Federal MSHA Number: 6478213
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DISCLAIMER
Neither International Resources, Inc, nor COAL EXCHANGE make any warranty or guarantee of the products herein listed. Nor do we make any representation as to the actual availability and take no responsibility for the delivery of the coals posted with COAL EXCHANGE . We will use our best efforts to audit all listings and all consumers to eliminate from future postings any producer or consumer who fails to prove reliable in their representations or actions.