- Business
- Royal Energy Resources, Inc. functions as an energy firm concentrating on coal and related energy assets, including investments in energy infrastructure. The company extracts and sells coal from various surface and underground operations across Kentucky, Ohio, Utah, and West Virginia within the United States. It provides a range of steam coal, primarily supplied to electric utility enterprises for their power generation needs, alongside metallurgical coal for steel and coke manufacturers. As of December 31, 2018, the company reported approximately 268.5 million tons in proven and probable coal reserves, comprising an estimated 214.0 million tons of steam coal and 54.5 million tons of metallurgical coal. Founded in 1999, initially as World Marketing, Inc., the entity adopted its current name in December 2007. Headquartered in Charleston, South Carolina, Royal Energy Resources, Inc. operates as a subsidiary of E-Starts Money Co. The company terminated its registration with the SEC and subsequently delisted from the OTC in May 2020.