Company: NC
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000789933-25-000006
Chunk: 111

Company: NACCO INDUSTRIES INC
Filing Date: 2025-03-05
Form: 10-K
Item: Item 2
Chunk 111
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0 Facilities and Equipment

The facilities and equipment for each of the coal mines are maintained to allow for safe and efficient operation. The equipment is well maintained, in good physical condition and is either updated or replaced periodically with newer models or upgrades available to keep up with modern technology. As equipment wears out, the mines evaluate what replacement option will be the most cost-efficient, including the evaluation of both new and used equipment, and proceed with that replacement. The mining method and total cost of the property, plant and equipment, net of applicable accumulated amortization, depreciation and impairment as of December 31, 2024 is set forth in the chart below:LocationMining MethodTotal Historical Cost of MineProperty, Plant and Equipment, Net of Applicable AccumulatedAmortization, Depreciation and ImpairmentUnconsolidated Mining Operations(in millions)Freedom Mine — The Coteau Properties CompanyDragline operation with 3 draglines$162.2 Falkirk Mine — The Falkirk Mining CompanyDragline operation with 4 draglines$58.7 Coyote Creek Mine — Coyote Creek Mining Company, LLCDragline operation with 1 dragline$105.9 Consolidated Mining OperationsRed Hills Mine — Mississippi Lignite Mining CompanyDragline operation with 1 dragline$52.5 

NAMining Segment - Operations

NAMining provides contract mining services for independently owned mines and quarries, primarily operating and maintaining draglines at limestone quarries and utilizing other mining equipment at sand and gravel quarries. At December 31, 2024, NAMining operated 31 draglines and other equipment at 23 quarries. Of the 31 draglines, 7 are owned by us and 24 are owned by customers. At December 31, 2024, NAMining had $72.7 million in property, plant and equipment, net of applicable accumulated amortization, depreciation and impairment. 

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The mining process at the limestone mines involves excavating limestone from a water-filled quarry utilizing draglines. The excavated limestone is transported and processed by the customer. The following mines were operational during 2024:

Location NameAggregateLocationStateCustomerYear NACCO Started OperationsWhite Rock — NorthLimestoneMiamiFLWRQ1995KromeLimestoneMiamiFLCemex2003AlicoLimestoneFt. MyersFLCemex2004FECLimestoneMiamiFLCemex2005SCLLimestoneMiamiFLCemex2006