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Ouro Mining, Inc.
3718 Leigh Avenue, Fort Smith, Arkansas, United States

Memberships : NA
Industry : Coal
Basic Member
Since Jun, 2020
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About Company

Ouro Mining Inc. (“Ouro”) is a private corporation incorporated in the State of Oklahoma. Ouro is focused on the development of its flagship Heavener Coking Coal Project (“Heavener” or the “Project”), which straddles the Oklahoma-Arkansas boarder. Since 2012, Ouro has invested over $50m into Heavener. The Company is currently completing a Definitive Feasibility Study (“DFS”) and final-stage state and federal permitting ahead of a final investment decision for a $300m development at Heavener.

Heavener is located on the Oklahoma-Arkansas border approximately 30 miles south of Fort Smith in Le Flore County, Oklahoma and Scott County, Arkansas. Ouro currently holds 8 coal leases totaling 3,130 hectares and is currently in the permitting process:

Once fully operational, the underground mine will produce approximately 3.5 million tons per annum of premium coking coal for US domestic and export markets over a 20-year mine life.

The Project design contemplates a state-of-the-art underground long-wall operation with mined coal conveyed to a centralized coal processing and rail-load out facility. Ancillary infrastructure will include the construction of a 4-mile rail spur, establishment of grid power connection and minor access roads.

The Project has access to excellent infrastructure with an existing Watco Companies short-haul rail line passing in close proximity with connection to Kansas City Southern and BNSF long-haul routes enabling access to several Gulf of Mexico export terminals along with efficient transport to US domestic customers. Coal can also be trucked to ports on the Arkansas River. Primary export markets will include South America (Brazil) and Western Europe with access to Asian markets via the Panama Canal. By virtue of being an underground mining operation, the Project will include minimal surface disturbance with visible elements largely limited to coal processing and train-load out infrastructure and a coal refuse area. Following the completion of mining, the area will be fully rehabilitated. Areas subject to underground mining will incur some subsidence, although existing land usage will be possible once mining has been completed. Several ventilation shafts will be located on Forest Service lands but otherwise impact to flora and fauna is expected to be minimal, and no major land clearing of forested areas will be required.

The majority of surface infrastructure will be located on Ouro privately held land previously disturbed from historic small-scale mining operations. Project development will not impact any prime agricultural land or existing local economic activity.

Mine construction and development are planned to commence in Q2 2022 ahead of first coal production in 2023.

Company NameOuro Mining, Inc.
Business CategoryCoal
Address3718 Leigh Avenue
Fort Smith
Arkansas
United States
ZIP: 72903
PresidentNA
Year EstablishedNA
EmployeesNA
MembershipsNA
Hours of OperationNA
Company Services
  • Coal Mining
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