Item 2. Properties
Item 2. PROPERTIES
NACCO leases office space in Mayfield Heights, Ohio, a suburb of Cleveland, Ohio, which serves as its corporate headquarters.
NACoal leases its corporate headquarters office space in Plano, Texas.
NAMining leases office and warehouse space in Medley, Florida.
Proven and probable coal reserves and deposits are estimated at approximately 1.9 billion tons (including the Unconsolidated Subsidiaries), all of which are lignite coal deposits, except for approximately 58.0 million tons of bituminous coal. Reserves are estimates of quantities of coal, made by the Company's geological and engineering staff, which are considered mineable in the future using existing operating methods. Developed reserves are those which have been allocated to mines which are in operation; all other reserves are classified as undeveloped. Information concerning mine type, reserve data and coal quality characteristics are set forth on the table on pages 9 and 10 under “Item 1. Business — SEC Industry Guide 7 Information .”
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