Resource Investing News
Few understand the value of the waste generated from coal processing, but David Schwedel is one who does. Since founding Coalview in 2011, his focus has been on designing, developing and operating coal fines recovery plants, which are meant to address the coal left behind at impoundment sites. This has the two-fold benefit of extending an impoundment’s lifeline and allowing coal property owners to fulfill their reclamation obligations.
Coalview’s newest project at the former Centralia Mine in Washington is expected to recover approximately 3.5 million tons of coal at a value of around $175 million. To recover coal fines, the company engages in a unique process for siphoning slurry (an industry term for coal fines) out of the impoundments that hold the waste from the neighboring mines. The slurry is dredged and processed, and proprietary technology is used to remove coal-sized fractions and extract potable water. Coalview also has its own in-house lab for analyzing samples to determine what type and amount of coal is available in an impoundment, and how much of it is recoverable.
In addition to plants like Centralia, Coalview places great emphasis on advancing technologies within the coal industry, which has attracted global attention. These technologies enable Coalview to explore new avenues for creating a coal product that lowers pollutant emissions, and to make coal newly usable. They also can be committed toward efforts to make coal a better fuel product, including environmental sustainability initiatives. Coalview aims to improve industry processes and be a steward of the environment—something Schwedel feels the company can achieve.