TORONTO (miningweekly.com) – A Kentucky limestone quarry is to be sold in a sealed bid auction in November, representing the region’s last fully zoned and nearly fully permitted quarry for mining high-calcium limestone or scrubber stone.
The project, spanning 178 ha, was expected to provide the winning bidder with operational flexibility on site.
“This centrally located limestone quarry has enormous potential to fulfil growing green energy needs, rebuild much-needed infrastructure and also provide raw materials for the rebounding construction industry. It’s a scarce opportunity considering the site’s enormous volume, coupled with the broad zoning and permitting rights that have been secured. This site will allow production for a century or more,” US real estate auctioneer Sheldon Good & Company chairperson John Cuticelli said in a statement.
The road-grade aggregates in the quarry had a wide variety of uses in construction and infrastructure. The site’s scrubber stone was also suitable for use in removing sulphur from power plant emissions.
The project was located less than 2 km from the Ohio river, providing a competitive advantage, as barge shipping would be the cheapest means of distribution. The site also offered direct two-river access to most of the US, South America and even Asia through the Gulf of Mexico.
The deadline for the submission of bids was 17:00 on November 11.