North American Coal Corporation

From Wikipedia, the free encyclopedia
Jump to: navigation, search
North American Coal Corporation
Type Subsidiary
Industry Mining
Founded 1913
Headquarters Dallas, Texas, United States
Number of locations 8 mines
Key people Alfred M. Rankin, Jr. (Chairman) and Robert L. Benson (President and Chief Executive Officer)
Products Coal
Parent NACCO
Divisions Florida Dragline Operations
Subsidiaries Caddo Creek Resources Company, Demery Resources Company L.L.C, Liberty Fuels Company, L.L.C, Mississippi Lignite Mining Company, The Coteau Properties Company, The Falkirk Mining Company, The Sabine Mining Company,
Website www.nacoal.com
North American Coal Corporation Specimen Stock Certificate

North American Coal Corporation (NACC) is an American coal mining and mining services company. The company, now held as the main subsidiary of NACCO, is headquartered in Dallas, Texas and operates coal mines in North Dakota, Louisiana, Mississippi, and Texas. The company also contracts to provide dragline mining services to limerock quarries in Florida.[1]

History[edit]

North American Coal Corporation was founded in 1913 as The Cleveland and Western Coal Company, which sold coal until 1917, when it purchased three coal mines and began mining coal, as well as selling it.

  • In 1925, the company changed its name to The North American Coal Corporation.
  • In the 1950s, NACC signed its first long-term contract with an Ohio utility, issued stock to the public and expanded its operating activities into the Western United States with the acquisition of Dakota Collieries from Twin Star Industries.
  • In the 1960s, the company continued expanding through agreements with United Power Association, New York State Electric and Gas Corporation and The Cleveland Electric Illuminating Company.
  • In the 1970s, the company's Coteau Mine and Falkirk Mine were developed as non-union operations.
  • In the 1980s, North American Coal Corporation changed its operations from underground coal mining to surface, lignite coal mining. In 1984, the company expanded into Texas with the addition of the Sabine Mine. In 1986, North American Coal Corporation's parent company Nacco Industries, Inc was formed. In 1988, North American Coal and Phillips Coal Company formed a joint venture.
  • In the 1990s, the company sold its last Eastern underground mine, and expanded into limerock mining services. The company also created and signed multiple for dragline mining service contracts at its mines. In 1997, NACC and Phillips Coal Company entered into a second joint venture to develop the Red Hills Mine, the first coal mine developed in Mississippi. Also in that year, the company began to operate San Miguel Lignite Mine.
  • In 2000, North American Coal purchased assets of the Phillips Coal Company, including its interests in the Mississippi Lignite Mining Company, and the Red River Mining Company, as well as undeveloped lignite coal reserves in Louisiana, Mississippi, Tennessee, and Texas. These assets also included one of the most extensive bank of geological data on lignite coal reserves in the country.[1]

The Mines[edit]

North American Coal Corporation's coal mines are all surface mines producing lignite coal. At 35 million tons of annual production, NACC is the largest lignite coal producer in the United States, and also ranks among the top ten of all coal producers.[1]

North American Coal Corporation Mines
Mine Name State
Five Forks Louisiana
Liberty Mine Mississippi
Red Hills Mine Mississippi
Falkirk Mine North Dakota
Freedom Mine North Dakota
Eagle Pass Texas
Caddo Creek Texas
Sabine Mine Texas

Of the above mines, three ranked among the largest United States coal mines by production in 2007:

  • Freedom Mine, North Dakota: 15.0 million short tons produced in 2007, ranked 12th[2]
  • Falkirk Mine, North Dakota: 7.8 million short tons produced in 2007, ranked 21st[2]
  • Sabine, South Hallsville No 1 Mine, Texas: 4.2 million short tons produced in 2007, ranked 48th[2]

References[edit]

  1. ^ a b c "North American Coal Corporation". North American Coal website. North American Coal Corporation. Retrieved 2009-04-23. 
  2. ^ a b c "Major U.S. Coal Mines, 2007". Energy Information Administration of the United States Department of Energy. September 2008. Retrieved 2009-04-14.