Foundation Coal
Encyclopedia
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, 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.
Foundation Coal, through subsidiaries, owns and operates several of the largest coal mines in the United States, including:
Coal mining
The goal of coal mining is to obtain coal from the ground. Coal is valued for its energy content, and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from iron ore and for cement production. In the United States,...
company. Until its July 31, 2009 merger with Alpha Natural Resources to form the third largest American coal company, the company was publicly traded
Public company
This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...
on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
under the symbol FCL. With corporate offices in Linthicum Heights, Maryland
Maryland
Maryland is a U.S. state located in the Mid Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east...
, the former Foundation Coal operates coal mines in Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
, West Virginia
West Virginia
West Virginia is a state in the Appalachian and Southeastern regions of the United States, bordered by Virginia to the southeast, Kentucky to the southwest, Ohio to the northwest, Pennsylvania to the northeast and Maryland to the east...
and Wyoming
Wyoming
Wyoming is a state in the mountain region of the Western United States. The western two thirds of the state is covered mostly with the mountain ranges and rangelands in the foothills of the Eastern Rocky Mountains, while the eastern third of the state is high elevation prairie known as the High...
, and was, prior to its merger with Alpha Natural Resources
Alpha Natural Resources
Alpha Natural Resources is a large American producer of metallurgical and thermal coal. It also provides services relating to equipment repairs, road construction and logistics . It doesn't produce all of the coal it sells, some is purchased and resold. Alpha operates in Virginia, West Virginia,...
, the fourth-largest American coal producer by tonnage.
Foundation Coal, through subsidiaries, owns and operates several of the largest coal mines in the United States, including:
- Belle Ayr MineBelle Ayr Mine-Overview:The Belle Ayr mine is a coal mine located 18 miles southeast of Gillette, Wyoming in the United States in the coal-rich Powder River Basin. The mine is an open pit, "truck and shovel", mine producing a low-sulfur, sub-bituminous coal from the Wyodak-Anderson seam that is used for domestic...
, Wyoming: 26.6 million short tonShort tonThe short ton is a unit of mass equal to . In the United States it is often called simply ton without distinguishing it from the metric ton or the long ton ; rather, the other two are specifically noted. There are, however, some U.S...
s produced in 2007, ranked 7th - Eagle Butte MineEagle Butte MineThe Eagle Butte mine is a coal mine located north of Gillette, Wyoming in the United States in the coal-rich Powder River Basin. The mine is an open pit, "truck and shovel", mine producing a low-sulfur, sub-bituminous coal from the Roland and Smith seams that is used for domestic energy...
, Wyoming: 25.0 million short tons produced in 2007, ranked 9th - Cumberland Mine, Pennsylvania: 7.3 million short tons produced in 2007, ranked 21st
- Emerald Mine No 1, Pennsylvania: 6.7 million short tons produced in 2007, ranked 34th