US COAL CORPORATION’S MANAGEMENT TEAM:
US Coal Corporation’s management team has more than 100 years of combined industry experience. Their experience encompasses all aspects of the mining industry, including property management, planning and engineering, mining, processing, marketing, transporting and finance.
EXPERIENCED MANAGEMENT
Robert Gabbard
CEO
32 years experience in Central Appalachia, Illinios Basin and Powder River Basin with Ashland Coal, BP and Triton
Jim Wolff
CFO
28 years experience in finance in both energy and transportation with CSX and American Commercial Lines
John Whitt
President, SM&J
34 years experience in Central Appalachia. Founder of SM&J and Co-founder of Licking River Resources
John Collins
President, LRR
17 years experience in Central Appalachia. Founder of Oak Hill Coal and Co-founder of Licking River Resources
Malcolm Thomas
President JAD
32 years of industry experience in Central Appalachia, Illinois Basin, Powder River Basin and other Western Coal Regions
MINING LOCATIONS AND OPERATIONS:
Central Appalachia has long been known for its bountiful coal deposits. US Coal Corporation currently controls the mining rights to more than 80,000 acres of property located in eastern Kentucky. Studies of these areas provide evidence of approximately 80,000,000 tons of coal reserves/resources. US Coal currently operates four surface mines, two contract underground mines, a Highwall Miner and two coal preparation facilities. A second Highwall Miner is scheduled to be deployed in July of 2010. Production is projected to approach 300,000 tons per month by the second quarter of 2011.
TRANSPORTATION:
US Coal owns and operates a CSX unit-train rail loading facility and an NS single car rail loading facility. Additionally, US Coal leases space at a barge loading facility on the Big Sandy River. With access to both rail and barge transportation, US Coal has a target customer base that includes most utilities located in the eastern U.S.
ACQUISITION TRACK RECORD:
Licking River Resources was acquired in January 2007 and JAD Coal Company was acquired in April 2008.