Penn Lode Placer Co. - Wyoming Mining Stock Certificate

Stock. Most likely Coal Mining related. Coal mining in Wyoming has long been a significant part of the state's economy. Wyoming has been the largest producer of coal in the United States since 1986, and in 2018, coal mines employed approximately 1% of the state’s population.^[2] In 2013, there were 17 active coal mines in Wyoming, which produced 388 million short tons, 39 percent of all the coal mined in the US, and more than three times the production of second-place West Virginia. Market forces, including the low price of natural gas from the fracking boom—coal's main competition—contributed to the steep drop in coal production in the 2000s as electricity generation switched from coal to gas.

In 1868, the Union Pacific Railroad opened the first coal mine in Carbon County, and the county was named for its extensive coal deposits. In 2011 Wyoming's coal mines employed 7,000 people; a high was reached in 1981 when 38,500 Wyomingites were recorded as being employed in the mining industry. Most of Wyoming's coal mines are in the Powder River Basin of northeastern Wyoming, especially in Campbell County. More than 88% of the state's coal production was contributed by mines in the northeast in 1996.

Five ports in Washington and Oregon are considering building export terminals to ship coal to Asia, the coal would come from Wyoming and Montana and be shipped to the Northwest via train. Wyoming has 42 billion tons of reserve recoverable coal, and 1.4 trillion tons total that could become a reserve in the future. Most of the coal from Wyoming is sub-bituminous coal which burns at around 8400–8800 BTUs per pound. The sulphur content of Wyoming coal is quite low, which is important since sulphur dioxide emissions cause acid rain. After the shale gas boom, economics became stressed for coal, and companies like Peabody filed for Chapter 11 bankruptcy protection in 2016. Read more at https://en.wikipedia.org/wiki/Coal_mining_in_Wyoming

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