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Balance Sheet Cash Flow Statement 901 E. Byrd St., Ste. 1600 Richmond, VA 23219 VA Tel. 804-780-3000 Fax 804-780-0643 |
Type: Public
On the web:
http://www.jamesrivercoal.com
Employees:
1,751
Employee growth: 4.2%
James River Coal hopes the coal keeps flowing. The company operates about 30 mines in eastern Kentucky (in the Central Appalachian Basin) and southern Indiana (in the Illinois Basin) that produce some 10 million tons of coal annually. Though a small percentage of the coal it sells comes from independent operators and third-party producers, the vast majority of James River's coal is produced from company-operated mines. It controls approximately 275 million tons of proved and probable reserves. More than three-quarters of its coal is sold to utilities. Georgia Power and South Carolina Public Service are its biggest customers, collectively accounting for nearly half of its business.
Key numbers for fiscal year ending December, 2008:
Sales: $568.5M
One year growth: 9.2%
Net income: ($96.0)M
Officers:
Chairman, President, and CEO: Peter T. Socha
SVP and COO: Coy K. Lane Jr.
VP and Chief Accounting Officer: Samuel M. (Sam) Hopkins II
Competitors:
Arch Coal
CONSOL Energy
Massey Energy
