Note 3 - Property, Plant and Equipment

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 

3

—PROPERTY, PLANT AND EQUIPMENT

 

The Company’s property, plant and equipment consist of the following:

	March 31, 2019			December 31, 2018
In thousands
Plant and equipment at cost	$	113,564		$	109,911
Construction in process		16,892			12,066
Capitalized mine development costs		45,784			43,037
Less: Accumulated depreciation and amortization		(19,897	)		(15,809	)
Total property, plant and equipment, net	$	156,343		$	149,205

During the

three

months ended

March 31, 2019,

depreciation expense related to our plant and equipment totaled

$3.0

million and amortization of our capitalized development costs totaled

$1.1

million. During the

three

months ended

March 31, 2018,

depreciation expense related to our plant and equipment totaled

$2.0

million and amortization of our capitalized development costs totaled

$0.4

million.

Capitalized amounts related to coal reserves at properties where we are 

not

 currently engaged in mining operations totaled 

$5.7

 million as of 

March 31, 2019 

and 

$5.5

 million as of 

December 

31,

 

2018.