MASHINIi

Ramaco Resources, Inc..

METC.US | Mining of hard coal

Ramaco Resources, Inc. is a leading operator and developer of high-quality, low-volatile metallurgical coal. The company is focused on the production and sale of metallurgical coal, which is a key ingredient in the steelmaking process. Ramaco operates several mines and related infrastructure in Cent...Show More

Ethical Profile

Mixed.

Ramaco Resources, a metallurgical coal miner, has a mixed ethical record. Reports indicate 116 safety-related offenses since 2000, resulting in over $1.5 million in penalties. Critics highlight the inherent health and environmental conflicts of coal mining. In 2023, the Pennsylvania DEP denied a mining permit for one operation, which Ramaco later withdrew its appeal for. While the company has received safety and environmental stewardship awards, and its CEO-to-median pay ratio is 65:1, comprehensive data on waste reduction, fair trade, or community impact is largely unavailable. Ramaco reports high water recycling and 99.63% EPA discharge compliance.

Value Scores

Better Health for All-40
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect-30
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-40
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-10
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

-40

Ramaco Resources' core business is metallurgical coal mining. The company's products and services, as metallurgical coal, have no significant direct positive or negative health impact, resulting in a neutral score for health impact of core products. However, 100% of the company's revenue is derived from coal mining, an activity with well-established negative health outcomes such as noise, truck traffic, and air/water pollution, leading to a score of -100 for harmful revenue share.

1
For safety, the company has 116 records of workplace safety or health violations since 2000, with penalties totaling over $1.5 million, and the most recent penalties in 2025.
2
This indicates multiple serious safety incidents, despite the company receiving numerous safety awards.
3
The potential negative health effects from mine development, including noise, truck traffic, and air/water pollution, represent significant health-harming externalities.
4
While the company withdrew an appeal for one mine permit, this represents only partial remediation efforts for ongoing community impacts.
5
There is no evidence of R&D or capital allocation aimed at improving health outcomes or accessibility, resulting in a neutral score for health innovation investment.

Fair Money & Economic Opportunity

0

No evidence available to assess Ramaco Resources, Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

-30

Between 2020 and 2025, Ramaco Resources, Inc. received 116 penalties from the Mine Safety and Health Administration (MSHA) for workplace safety or health violations, totaling over $1.5 million.

1
In 2024, the CEO-to-median employee pay ratio was 65:1, with the CEO's compensation at $7,755,393 and the median employee's pay at $119,227.
2

Fair Trade & Ethical Sourcing

0

No evidence available to assess Ramaco Resources, Inc. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

0

No evidence available to assess Ramaco Resources, Inc. on Honest & Fair Business.

Kind to Animals

0

The provided article details Ramaco Resources Inc.'s awards for operational safety and general environmental stewardship, including recognition for reclamation and impoundment.

1
However, it does not contain any specific, measurable data points related to animal welfare, animal testing, animal-derived ingredients, or quantifiable wildlife conservation impacts (e.g., species recovery, population increases, biodiversity metrics) as required by the 'Kind to Animals' rubric KPIs.
2
Therefore, no KPIs can be scored based on the evidence.

No War, No Weapons

0

Based on the provided documents, there is insufficient evidence to determine Ramaco Resources' alignment with the "No War, No Weapons" value. The company is primarily involved in metallurgical coal mining, which is used in steel production. While steel can be used in military applications, this is an indirect link, and there is no evidence suggesting Ramaco Resources is directly involved in arms manufacturing, military contracts, or sales to embargoed regimes.

1
,
2
,
3
,
4
,
5
The company's Code of Conduct does not address military-related activities.
6
The Ramaco Foundation supports local charities.
7
The Brook Mine project focuses on rare earth elements.
8
Without further information, a neutral score is appropriate. The materiality analysis indicates a low level of materiality for this value, further supporting a score of 0.

Planet-Friendly Business

-40

Ramaco Resources Inc. received national and state awards for operational safety and environmental stewardship, including the Sentinels of Safety Award for the second consecutive year and the Excellence in Mining, Reclamation and Safety award from Virginia.

1
However, the Pennsylvania Department of Environmental Protection denied a mining permit for the Ram No. 1 mine in November 2023, which was the first such denial since 1994.
2
Ramaco Resources subsequently withdrew its appeal for this permit.
3

Respect for Cultures & Communities

0

No evidence available to assess Ramaco Resources, Inc. on Respect for Cultures & Communities.

Safe & Smart Tech

-10

The company has reported no material cybersecurity incidents or unauthorized data use.

1
Its privacy policy, prepared based on provisions including GDPR (EU) 2016/679, grants users comprehensive rights over their data, including withdrawal of consent, objection to processing, access, rectification, restriction, deletion, and data portability.
2
Requests to exercise these rights are addressed free of charge within one month.
3
Ramaco created a Vice President of Information Technology and Cybersecurity role in early 2025, and its IT Steering Committee met 5 times in 2024.
4
The company mentions using vulnerability scanning and firewall/antivirus configuration as part of its cybersecurity risk management process.
5

Zero Waste & Sustainable Products

-20

The company's 2023 Corporate Responsibility Report indicates compliance with all applicable environmental regulations and exceeding some standards, with no waste disposal violations or citations mentioned.

1
This suggests no waste disposal violations in the past three years, demonstrating exemplary compliance.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.