SEC Info - Ramaco Resources, Inc. - ‘10-K’ for 12/31/23

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Ramaco Resources, Inc. – ‘10-K’ for 12/31/23 – ‘EX-95.1’

On: Thursday, 3/14/24, at 5:25pm ET · For: 12/31/23 · Accession #: 1558370-24-3256 · File #: 1-38003

Previous ‘10-K’: ‘10-K/A’ on 4/7/23 for 12/31/22 · Latest ‘10-K’: This Filing · 33 References:

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/14/24  Ramaco Resources, Inc.            10-K       12/31/23   93:12M                                    Toppan Merrill Bridge/FA

Annual Report — Form 10-K — SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   3.39M 
 2: EX-4.4      Instrument Defining the Rights of Security Holders  HTML    154K 
 3: EX-21.1     Subsidiaries List                                   HTML     31K 
 4: EX-23.1     Consent of Expert or Counsel                        HTML     25K 
 5: EX-23.2     Consent of Expert or Counsel                        HTML     26K 
 6: EX-23.4     Consent of Expert or Counsel                        HTML     25K 
11: EX-95.1     Mine-Safety Disclosure                              HTML    224K 
12: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     49K 
                Awarded Compensation                                             
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     35K 
 8: EX-31.2     Certification -- §302 - SOA'02                      HTML     37K 
 9: EX-32.1     Certification -- §906 - SOA'02                      HTML     28K 
10: EX-32.2     Certification -- §906 - SOA'02                      HTML     28K 
18: R1          Document And Entity Information                     HTML    102K 
19: R2          Consolidated Balance Sheets                         HTML    137K 
20: R3          Consolidated Balance Sheets (Parentheticals)        HTML     49K 
21: R4          Consolidated Statements of Operations               HTML     84K 
22: R5          Consolidated Statements of Equity                   HTML     61K 
23: R6          Consolidated Statements of Cash Flows               HTML    158K 
24: R7          Consolidated Statement of Cash Flows                HTML     27K 
                (Parenthetical)                                                  
25: R8          Note 1 - Description of Business                    HTML     29K 
26: R9          Note 2 - Summary of Significant Accounting          HTML     71K 
                Policies                                                         
27: R10         Note 3 - Property, Plant and Equipment              HTML     67K 
28: R11         Note 4 - Acquisitions                               HTML     35K 
29: R12         Note 5 - Asset Retirement Obligations               HTML     42K 
30: R13         Note 6 - Accrued Liabilities and Other Long-Term    HTML     30K 
                Liabilities                                                      
31: R14         Note 7 - Debt                                       HTML     70K 
32: R15         Note 8 - Leases                                     HTML    101K 
33: R16         Note 9 - Equity                                     HTML    138K 
34: R17         Note 10 - Commitments and Contingencies             HTML     36K 
35: R18         Note 11 - Revenue                                   HTML     51K 
36: R19         Note 12 - Related Party Transactions                HTML     34K 
37: R20         Note 13 - Income Taxes                              HTML    113K 
38: R21         Note 14 - Earnings (Loss) Per Share                 HTML    152K 
39: R22         Note 15 - Subsequent Events                         HTML     28K 
40: R23         Note 2 - Summaries of Significant Accounting        HTML    106K 
                Policies (Policies)                                              
41: R24         Note 3 - Property, Plant and Equipment (Tables)     HTML     65K 
42: R25         Note 5 - Asset Retirement Obligations (Tables)      HTML     41K 
43: R26         Note 7 - Debt (Tables)                              HTML     59K 
44: R27         Note 8 - Leases (Tables)                            HTML    139K 
45: R28         Note 9 - Equity (Tables)                            HTML    109K 
46: R29         Note 11 - Revenue (Tables)                          HTML     45K 
47: R30         Note 13 - Income Taxes (Tables)                     HTML    112K 
48: R31         Note 14 - Earnings Per Share (Tables)               HTML    145K 
49: R32         Note 2 - Summary of Significant Accounting          HTML     38K 
                Policies (Details)                                               
50: R33         Note 2 - Summary of Significant Accounting          HTML     30K 
                Policies - Property, plant, and equipment                        
                (Details)                                                        
51: R34         Note 2 - Summary of Significant Accounting          HTML     30K 
                Policies - Fair Value Measurements (Details)                     
52: R35         Note 2 - Summary of Significant Accounting          HTML     29K 
                Policies - Income Taxes (Details)                                
53: R36         Note 2 - Summary of Significant Accounting          HTML     56K 
                Policies - Concentrations (Details)                              
54: R37         Note 3 - Property, Plant and Equipment - Schedule   HTML     50K 
                of Property, Plant and Equipment (Details)                       
55: R38         Note 3 - Property, Plant and Equipment -            HTML     35K 
                Depreciation and amortization (Details)                          
56: R39         Note 3 - Property, Plant and Equipment - Narrative  HTML     33K 
                (Details)                                                        
57: R40         Note 4 - Acquisitions (Details)                     HTML    108K 
58: R41         Note 5 - Asset Retirement Obligations - Schedule    HTML     35K 
                of Retirement Obligations (Details)                              
59: R42         Note 6 - Accrued Liabilities and Other Long-Term    HTML     42K 
                Liabilities (Details)                                            
60: R43         Note 7 - Debt - Summary of Outstanding Debt         HTML     38K 
                (Details)                                                        
61: R44         Note 7 - Debt - Revolving Credit Facility           HTML     52K 
                (Details)                                                        
62: R45         Note 7 - Debt - Key Equipment Finance Loan          HTML     42K 
                (Details)                                                        
63: R46         Note 7 - Debt - J. H. Fletcher & Co. Loan           HTML     47K 
                (Details)                                                        
64: R47         Note 7 - Debt - Komatsu Financial Limited           HTML     48K 
                Partnership Loan (Details)                                       
65: R48         Note 7 - Debt - Brandeis Machinery & Supply         HTML     42K 
                Company (Details)                                                
66: R49         Note 7 - Debt - Senior Unsecured Notes due 2026     HTML     49K 
                (Details)                                                        
67: R50         Note 7 - Debt - Ramaco Coal Deferred Purchase       HTML    100K 
                Price (Detail)                                                   
68: R51         Note 7 - Debt - Maturities of Debt (Details)        HTML     37K 
69: R52         Note 8 - Leases (Details)                           HTML     67K 
70: R53         Note 8 - Leases - Maturities of operating lease     HTML     86K 
                liabilities (Details)                                            
71: R54         Note 9 - Equity - Common Stock (Details)            HTML     68K 
72: R55         Note 9 - Equity - Options (Details)                 HTML    196K 
73: R56         Note 9 - Equity - Summary of Restricted Awards      HTML    144K 
                Activity (Details)                                               
74: R57         Note 9 - Equity - Dividends (Details)               HTML     31K 
75: R58         Note 10 - Commitments and Contingencies (Details)   HTML     73K 
76: R59         Note 10 - Commitments and Contingencies - Future    HTML     43K 
                Minimum Lease and Royalty Payments (Details)                     
77: R60         Note 11 - Revenue (Details)                         HTML     44K 
78: R61         Note 11 - Revenue - Domestic Revenues an Export     HTML     48K 
                Revenues (Details)                                               
79: R62         Note 11 - Revenue - Concentrations (Details)        HTML     56K 
80: R63         Note 12 - Related Party Transactions (Details)      HTML     59K 
81: R64         Note 13 - Income Taxes (Details)                    HTML     50K 
82: R65         Note 13 - Income Taxes - Reconciliation of Income   HTML     47K 
                Tax Expense (Benefit) (Details)                                  
83: R66         Note 13 - Income Taxes - Components of Deferred     HTML     44K 
                Income Tax Assets and Liabilities (Details)                      
84: R67         Note 13 - Income Taxes - Narratives (Details)       HTML     42K 
85: R68         Note 14 - Earnings Per Share - Computation of       HTML    121K 
                Basic and Diluted Earnings per Share (Details)                   
86: R69         Note 15 - Subsequent Events (Details)               HTML     44K 
87: R70         Pay vs Performance Disclosure                       HTML     38K 
88: R71         Insider Trading Arrangements                        HTML     42K 
90: XML         IDEA XML File -- Filing Summary                      XML    158K 
93: XML         XBRL Instance -- metc-20231231x10k_htm               XML   2.35M 
89: EXCEL       IDEA Workbook of Financial Report Info              XLSX    172K 
14: EX-101.CAL  XBRL Calculations -- metc-20231231_cal               XML    213K 
15: EX-101.DEF  XBRL Definitions -- metc-20231231_def                XML   1.06M 
16: EX-101.LAB  XBRL Labels -- metc-20231231_lab                     XML   1.48M 
17: EX-101.PRE  XBRL Presentations -- metc-20231231_pre              XML   1.26M 
13: EX-101.SCH  XBRL Schema -- metc-20231231                         XSD    222K 
91: JSON        XBRL Instance as JSON Data -- MetaLinks              538±   807K 
92: ZIP         XBRL Zipped Folder -- 0001558370-24-003256-xbrl      Zip    932K

‘EX-95.1’ — Mine-Safety Disclosure

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

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Exhibit 95.1

Federal Mine Safety and Health Act Information

We work to prevent accidents and occupational illnesses. We have in place health and safety programs that include extensive employee training, safety incentives, drug and alcohol testing and safety audits. The objectives of our health and safety programs are to provide a safe work environment, provide employees with proper training and equipment and implement safety and health rules, policies and programs that foster safety excellence.

Our mining operations are subject to extensive and stringent compliance standards established pursuant to the Federal Mine Safety and Health Act of 1977 (the “Mine Act”). Mine Safety and Health Administration (“MSHA”) monitors and rigorously enforces compliance with these standards, and our mining operations are inspected frequently. Citations and orders are issued by MSHA under Section 104 of the Mine Act for violations of the Mine Act or any mandatory health or safety standard, rule, order or regulation promulgated under the Mine Act.

Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) and Item 104 of Regulation S-K requires issuers to include in periodic reports filed with the U.S. Securities and Exchange Commission certain information relating to citations or orders for violations of standards under the Mine Act. We present information below regarding certain mining safety and health violations, orders and citations, issued by MSHA and related assessments and legal actions and mine-related fatalities with respect to our coal mining operations. In evaluating this information, consideration should be given to factors such as: (i) the number of violations, orders and citations will vary depending on the size of the coal mine, (ii) the number of violations, orders and citations issued will vary from inspector to inspector and mine to mine, and (iii) violations, orders and citations can be contested and appealed, and in that process, are often reduced in severity and amount, and are sometimes dismissed.

The following tables include information required by the Dodd-Frank Act and Item 404 of Regulation S-K for the current year. The mine data retrieval system maintained by MSHA may show information that is different than what is provided herein. Any such difference may be attributed to the need to update that information on MSHA’s system and/or other factors. The tables below do not include any orders or citations issued to independent contractors at our mines.


Mine or Operating Name / MSHA Identification Number	Section 104(a) S&S Citations⁽¹⁾	Section 104(b) Orders⁽²⁾	Section 104(d) Citations and Orders⁽³⁾	Section 110(b)(2) Violations⁽⁴⁾	Section 107(a) Orders⁽⁵⁾	Total Dollar Value of MSHA Assessments Proposed (in thousands)⁽⁶⁾
Active Operations
Eagle Seam Deep Mine - 46-09495	7	0	0	0	0	$	101.425
Stonecoal Branch Mine No. 2 - 46-08663	9	1	0	0	0	$	40.104
No. 2 Gas Deep Mine - 46-09541	17	0	0	0	0	$	16.296
Michael Powellton Deep Mine – 46-09602	3	0	0	0	0	$	61.294
Crucible Deep Mine - 46-09614	6	0	0	0	0	$	13.003
Ram Surface Mine No. 1 - 46-09537	5	0	0	0	0	$	5.342
Highwall Miner No. 1 - 46-09219	0	0	0	0	0	$	1.939
Elk Creek Prep Plant - 46-02444	10	0	0	0	0	$	4.051
Maben Surface Mine - 46-09637	0	0	0	0	0	$	0.000
Highwall Miner No. 2 - 46-09638	0	0	0	0	0	$	0.000
Berwind Deep Mine - 46-09533	9	0	0	0	0	$	11.905
Laurel Fork - 46-09084	11	0	0	0	0	$	24.881
Jawbone Mine No. 1 - 44-07369	22	0	1	0	0	$	22.002
Triad No. 2 - 46-09628	3	0	0	0	0	$	34.287
Big Creek Surface Mine - 44-07162	0	0	0	0	0	$	0.000
HWM No. 3 - 15-19557	0	0	0	0	0	$	0.000
Coal Creek Prep Plant (VA) - 44-05236	0	0	0	0	0	$	0.286

Berwind Prep Plant - 46-05449	0	0	0	0	0	$	1.892

Mine or Operating Name / MSHA Identification Number	Total Number of Mining Related Fatalities			Received Notice of Pattern of Violations Under Section 104(e) (yes/no)⁽⁷⁾	Legal Actions Pending as of Last Day of Period		Legal Actions Initiated During Period		Legal Actions Resolved During Period
Active Operations
Eagle Seam Deep Mine - 46-09495	0			No	13		12		0
Stonecoal Branch Mine No. 2 - 46-08663	0			No	7		5		3
No. 2 Gas - 46-09541	0			No	6		3		0
Michael Powellton Deep Mine - 46-09602	0			No	2		0		0
Crucible Deep Mine - 46-09614	0			No	1		1		3
Ram Surface Mine No. 1 - 46-09537	0			No	2		0		0
Highwall Miner No. 1 - 46-09219	0			No	0		0		0
Elk Creek Prep Plant - 46-02444	0			No	0		0		1
Maben Surface Mine - 46-09637	0			No	0		0		0
Highwall Miner No. 2 - 46-09638	0			No	0		0		0
Berwind Deep Mine - 46-09533		0	No			12		8		3
Laurel Fork - 46-09084	0			No	30		15		10
Jawbone Mine No. 1 - 44-07369		0	No			18		18		0
Triad No. 2 - 46-09628	0			No	10		8		8
Big Creek Surface Mine - 44-07162	0			No	0		0		0
HWM No. 3 - 15-19557	0			No	0		0		0
Coal Creek Prep Plant (VA) - 44-05236	0			No	0		0		0
Berwind Prep Plant - 46-05449	0			No	0		0		0

The number of legal actions pending before the Federal Mine Safety and Health Review Commission as of December 31, 2023, that fall into each of the following categories is as follows:


Mine or Operating Name / MSHA Identification Number	Contests of Citations and Orders		Contests of Proposed Penalties			Complaints for Compensation				Complaints of Discharge / Discrimination / Interference				Applications for Temporary Relief					Appeals of Judge’s Ruling
Active Operations
Eagle Seam Deep Mine - 46-09495	0		13			0				0				0					0
Stonecoal Branch Mine No. 2 - 46-08663	0		7			0				0				0					0
No. 2 Gas - 46-09541	0		6			0				0				0					0
Michael Powellton Deep Mine - 46-09602		0			2			0					0		0		0
Crucible Deep Mine - 46-09614		0			1			0					0		0		0
Ram Surface Mine No. 1 - 46-09537	0		2			0				0				0					0
Highwall Miner No. 1 - 46-09219	0		0			0				0				0					0
Elk Creek Prep Plant - 46-02444	0		0			0				0				0					0
Maben Surface - 46-09637	0		0			0				0				0					0
Highwall Miner No. 2 - 46-09638	0		0			0				0				0					0
Berwind Deep Mine - 46-09533	0		12			0				0				0					0
Laurel Fork - 46-09084	0		30			0				0				0					0
Jawbone Mine No. 1 - 44-07369		0		18			0				0					0				0
Triad No. 2 - 46-09628	0		10			0				0				0					0
Big Creek Surface - 44-07162	0		0			0				0				0					0
HWM No. 3 - 15-19557		0			0				0			0				0		0
Coal Creek Prep Plant (VA) - 44-05236	0		0			0				0				0					0
Berwind Prep Plant - 46-05449		0			0			0					0		0		0

(1)

Mine Act Section 104(a) significant and substantial (“S&S”) citations shown above are for alleged violations of mandatory health or safety standards that could significantly and substantially contribute to a coal mine health and safety hazard. It should be noted that, for purposes of this table, S&S citations that are included in another column, such as Section 104(d) citations, are not also included as Section 104(a) S&S citations in this column.

(2)	Mine Act Section 104(b) orders are for alleged failures to totally abate a citation within the time period specified in the citation.

(3)	Mine Act Section 104(d) citations and orders are for an alleged unwarrantable failure (i.e., aggravated conduct constituting more than ordinary negligence) to comply with mandatory health or safety standards.

(4)

Mine Act Section 110(b)(2) violations are for an alleged “flagrant” failure (i.e., reckless or repeated) to make reasonable efforts to eliminate a known violation of a mandatory safety or health standard that substantially and proximately caused, or reasonably could have been expected to cause, death or serious bodily injury.

(5)	Mine Act Section 107(a) orders are for alleged conditions or practices which could reasonably be expected to cause death or serious physical harm before such condition or practice can be abated and result in orders of immediate withdrawal from the area of the mine affected by the condition.

(6)	Amounts shown include assessments proposed by MSHA on all citations and orders, including those citations and orders that are not required to be included within the above chart.

(7)	Mine Act Section 104(e) written notices are for an alleged pattern of violations of mandatory health or safety standards that could significantly and substantially contribute to a coal mine safety or health hazard.

Dates Referenced Herein

This ‘10-K’ Filing	Date	Other Filings

Filed on:	3/14/24	None on these Dates
For Period end:	12/31/23
		List all Filings

33 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/01/24  Ramaco Resources, Inc.            8-K:1,5,7,9 1/26/24   13:366K                                   Toppan Merrill/FA
11/06/23  Ramaco Resources, Inc.            8-K:4,9    11/01/23   12:262K                                   Toppan Merrill/FA
 6/12/23  Ramaco Resources, Inc.            8-K:3,5,8,9 6/12/23   13:354K                                   Toppan Merrill/FA
 4/07/23  Ramaco Resources, Inc.            10-K/A     12/31/22   16:9.2M                                   Toppan Merrill/FA
 3/14/23  Ramaco Resources, Inc.            10-K       12/31/22   84:21M                                    Toppan Merrill Bridge/FA
 2/17/23  Ramaco Resources, Inc.            8-K:1,2,7,9 2/15/23   13:1.2M                                   Toppan Merrill/FA
 1/10/23  Ramaco Resources, Inc.            10-K/A     12/31/21   84:21M                                    Toppan Merrill/FA
11/09/22  Ramaco Resources, Inc.            10-Q        9/30/22   58:6M                                     Toppan Merrill Bridge/FA
 9/26/22  Ramaco Resources, Inc.            8-K:1,2,7,9 9/23/22   13:859K                                   Toppan Merrill/FA
 8/09/22  Ramaco Resources, Inc.            10-Q        6/30/22   60:5.6M                                   Toppan Merrill Bridge/FA
 8/08/22  Ramaco Resources, Inc.            8-K:1,7,9   8/08/22   13:883K                                   Toppan Merrill/FA
 4/20/22  Ramaco Resources, Inc.            8-K:4,9     4/14/22   12:253K                                   Toppan Merrill/FA
 4/01/22  Ramaco Resources, Inc.            10-K       12/31/21   89:21M                                    Toppan Merrill Bridge/FA
 2/24/22  Ramaco Resources, Inc.            8-K:1,7,9   2/24/22   13:741K                                   Toppan Merrill/FA
 2/02/22  Ramaco Resources, Inc.            8-K:5,9     2/02/22   12:251K                                   Toppan Merrill/FA
 1/24/22  Ramaco Resources, Inc.            8-K:4,9     1/20/22   12:265K                                   Toppan Merrill/FA
11/02/21  Ramaco Resources, Inc.            8-K:1,2,7,911/02/21   13:2M                                     Toppan Merrill Bridge/FA
10/26/21  Ramaco Resources, Inc.            8-K:1,7,9  10/26/21   12:24M                                    Toppan Merrill/FA
 7/13/21  Ramaco Resources, Inc.            8-K:1,2,8,9 7/13/21    4:634K                                   Toppan Merrill/FA
 2/18/21  Ramaco Resources, Inc.            10-K       12/31/20   88:7.4M                                   Toppan Merrill Bridge/FA
12/15/20  Ramaco Resources, Inc.            8-K:5,9    12/10/20    3:73K                                    Toppan Merrill Bridge/FA
 4/28/20  Ramaco Resources, Inc.            8-K:5,9     4/27/20    2:192K                                   Toppan Merrill Bridge/FA
 4/21/20  Ramaco Resources, Inc.            8-K:1,2,5,8 4/15/20    5:393K                                   Toppan Merrill Bridge/FA
 2/20/20  Ramaco Resources, Inc.            10-K       12/31/19   91:8.3M                                   Toppan Merrill Bridge/FA
12/16/19  Ramaco Resources, Inc.            8-K/A:5,9  12/10/19    3:106K                                   Toppan Merrill Bridge/FA
12/13/19  Ramaco Resources, Inc.            8-K:5,9    12/10/19    5:174K                                   Toppan Merrill Bridge/FA
 3/21/18  Ramaco Resources, Inc.            10-K       12/31/17   75:5.7M                                   RDG Filings/FA
12/29/17  Ramaco Resources, Inc.            8-K:5,9    12/28/17    2:85K                                    Donnelley … Solutions/FA
 7/05/17  Ramaco Resources, Inc.            8-K:5,9     6/28/17    3:110K                                   Donnelley … Solutions/FA
 2/14/17  Ramaco Resources, Inc.            8-K:1,2,3,5 2/08/17   16:1M                                     Donnelley … Solutions/FA
 2/07/17  Ramaco Resources, Inc.            8-K:1,2,3,5 2/02/17    3:319K                                   Donnelley … Solutions/FA
 2/06/17  Ramaco Resources, Inc.            S-8         2/06/17    6:197K                                   Donnelley … Solutions/FA
12/29/16  Ramaco Resources, Inc.            S-1                   37:8.2M                                   Donnelley … Solutions/FA

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Filing Submission 0001558370-24-003256 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)