Savage acquires Gobco and Power Fuels

19 April 2017 (Last Updated April 19th, 2017 18:30)

Savage has announced that it has purchased US-based companies Gobco and Power Fuels for undisclosed amounts.

Savage has announced that it has purchased US-based companies Gobco and Power Fuels for undisclosed amounts.

Gobco is involved in removal of waste coal piles from abandoned mines and the restoration of impacted land, streams and forests.

Also known as 'Gob', waste coal is separated from rock and transported by trucks to the Power Fuels terminal in St Paul, Virignia, where it is mixed with run-of-mine coal and used in electricity generation at Virginia City Hybrid Energy Center (VCHEC). VCHEC is owned by energy producer and transporter Dominion.

Savage president and CEO Kirk Aubry said: “Gobco’s award-winning reclamation work is improving the environment and contributing to better water quality. We’re excited to continue providing excellent service to Dominion and making a positive difference. 

"Working with Dominion and government agencies, Gobco and Power Fuels have converted previously unusable waste coal into a reliable source of energy for Southwest Virginia communities."

"Gobco and Power Fuels have converted previously unusable waste coal into a reliable source of energy for Southwest Virginia communities."

The region has hundreds of waste coal piles, with many of these containing hundreds of thousands of tonnes of material.

Gobco is also involved in restoring these sites to their pre-mining appearances by replacing topsoil and planting grass. Planting of tree seedlings is facilitated by the Virginia Department of Mines, Minerals and Energy under the state’s abandoned mine land programme and is funded by grants from the US Office of Surface Mining.

Savage is a privately owned supply chain solutions and industrial services company based in Salt Lake City, Utah, serving customers in the production, manufacturing and distribution of energy resources and other essential commodities. 

Its capabilities include rail, truck and marine transportation and logistics, terminal and facility operation and design, materials handling, and other environmental and industrial services.