American Resources Corp (NASDAQ:AREC) said it has appointed long-time mining operator and executive Bernie Mason as president of its American Carbon subsidiary.
The raw materials supplier said Mason has held several senior-level management positions within the coal industry over the past 40 years, including as president and CEO of Xinergy Ltd, a publicly listed mining company with multiple sites throughout Central Appalachia, until 2016, as well as COO of Energy Coal Resources and Appalachian Fuels LLC.
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Mason also served as vice president of technical services for Addington Enterprises, the fourth largest coal mining company in the US, during the 1990s.
"I have known the American Resources team for some time and it's very exciting to be joining their family and innovative, low-cost platform that they have built over the past five years. We have a tremendous opportunity to be a stable and meaningful supplier of high-quality raw materials to the growing steel and infrastructure marketplace as the need to upgrade our infrastructure to fit a greener economy expands. The efforts they have put forth to restructure these premium complexes to be cost-competitive and stable producers of metallurgical carbon will be very apparent during our ramp-up of production over the next three years," Mason said in a statement.
American Resources chairman and CEO Mark Jensen said: "First and foremost, we're really excited to have someone of Bernie's caliber oversee our metallurgical carbon operations. Most importantly, Bernie understands our model and culture, which is focused on quality and performance to our shareholders and customers, our people and our low-cost operating model. He brings a wealth of knowledge, experience and a great network to American Resources.”
“Bernie's knowledge of our asset base, region and operating structure make him a great fit as we bring our operations back online and efficiently scale our revenue generation. Additionally, having completed the restructuring of these assets and now bringing in Bernie to grow the revenue base from American Carbon complexes significantly frees my time up to focus on the innovative direction of American Rare Earth and execute on our goals to help restore the critical and rare earth supply chain back to the United States while at the same time providing innovative environmental solutions", Jensen added.
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