A report in The State Journal this week indicated coal mining remains the primary driver of the state’s economic engine. Mark Muchow, deputy secretary of the West Virginia Department of Revenue, presented a balanced budget to the House of Delegates Finance Committee January 12, and cited coal employment and exports as some of the major drivers of West Virginia's economy.
According to Muchow's presentation, forty percent of coal, mostly metallurgical coal, ends up in Europe, although Asian and South American countries are becoming players in the coal market. The price of coal was four times higher in 2011 when compared to 2003, Muchow said.