Foundation Coal Explained

Foundation Coal Holdings, Inc. (Data as of 2008 Annual Report)
Num Employees:	3,300
Revenue:	$1,690.1 million USD
Operating Income:	$316.4 million USD (EBITDA)
Net Income:	$11.6 million USD
Industry:	Mining
Products:	Coal
Parent:	Alpha Natural Resources

Foundation Coal Holdings, Inc. was a large American coal mining company. Until its July 31, 2009 merger with Alpha Natural Resources to form the third largest American coal company,^[1] ^[2] the company was publicly traded on the New York Stock Exchange under the symbol FCL. With corporate offices in Linthicum Heights, Maryland, the former Foundation Coal operates coal mines in Pennsylvania, West Virginia and Wyoming, and was, prior to its merger with Alpha Natural Resources, the fourth-largest American coal producer by tonnage.^[3] ^[4]

Foundation Coal, through subsidiaries, owns and operates several of the largest coal mines in the United States, including:

Belle Ayr Mine, Wyoming: 26.6 million short tons produced in 2007, ranked 7th^[5]
Eagle Butte Mine, Wyoming: 25.0 million short tons produced in 2007, ranked 9th^[5]
Cumberland Mine, Pennsylvania: 7.3 million short tons produced in 2007, ranked 21st^[5]
Emerald Mine No 1, Pennsylvania: 6.7 million short tons produced in 2007, ranked 34th^[5]

Notes and References

Web site: James . Steve . 12 May 2009 . U.S. coal miner Alpha buying rival Foundation . 9 January 2024 . Reuters.
Web site: Joint Press Release of Foundation Coal Holdings, Inc. . 2024-01-09 . www.sec.gov.
Web site: Foundation Coal . https://archive.today/20071213104106/http://www.foundationcoal.com/index.php . dead . 2007-12-13 . Foundation Coal website . Foundation Coal Holdings . 2009-04-22 .
Web site: Top four U.S. coal companies supplied more than half of U.S. coal production in 2011 - U.S. Energy Information Administration (EIA) . 2024-01-09 . www.eia.gov.
Web site: Major U.S. Coal Mines, 2007. September 2008. Energy Information Administration of the United States Department of Energy. 2009-04-14.