Mountaintop Removal Mining Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
NRP | B | Natural Resource Partners LP Limited Partnership | -0.83 | |
AMR | F | Alpha Metallurgical Resources, Inc. | -2.74 |
Related Industries: Coal
Related ETFs - A few ETFs which own one or more of the above listed Mountaintop Removal Mining stocks.
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
COAL | A | Range Global Coal Index ETF | 11.28 | |
MGMT | B | Ballast Small/Mid Cap ETF | 5.19 | |
XME | B | SPDR S&P Metals & Mining ETF | 3.23 | |
PSCM | D | PowerShares S&P SmallCap Materials Portfolio | 3.11 | |
ZIG | B | The Acquirers Fund | 3.08 |
Compare ETFs
- Mountaintop Removal Mining
Mountaintop removal mining (MTR), also known as mountaintop mining (MTM), is a form of surface mining at the summit or summit ridge of a mountain. Coal seams are extracted from a mountain by removing the land, or overburden, above the seams. This method of coal mining is conducted in the Appalachian Mountains in the eastern United States. Explosives are used to remove up to 400 vertical feet (120 m) of mountain to expose underlying coal seams. Excess rock and soil is dumped into nearby valleys, in what are called "holler fills" or "valley fills". Less expensive to execute and requiring fewer employees, mountaintop removal mining began in Appalachia in the 1970s as an extension of conventional strip mining techniques. It is primarily occurring in Kentucky, West Virginia, Virginia, and Tennessee.
The practice of mountaintop removal mining has been controversial. The coal industry cites economic benefits and asserts that mountaintop removal is safer than underground mining. Published scientific studies have found that mountaintop mining has serious environmental impacts that mitigation practices cannot successfully address. A high potential for human health impacts has also been reported.
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