 | This article needs additional citations for verification .(December 2011) |
| Industry | Coal mining |
|---|---|
| Founded | 1970 |
| Headquarters | , United States |
Key people | John Schroder (President & CEO) |
| Parent | Metinvest |
| Website | www |
United Coal Company (UCC), a coal mining company headquartered in Blountville, Tennessee, is a producer of high grade metallurgical coals. It has operations in Virginia, West Virginia, Kentucky, and Tennessee.
In 1970, Jim McGlothlin (a legal resident of Naples, Florida), along with his father Woodrow W. McGlothlin (who started the Diamond Smokeless Coal Co. in the mid-1950s) and five other investors, founded United Coal Company in Grundy, Virginia. McGlothlin first sold UCC in 1997 and later repurchased the company in 2004. The McGlothlins also founded The McGlothlin Foundation, which funds a variety of education-related causes in Southwest Virginia and The United Company Charitable Foundation.
In 2006, former King Pharmaceuticals executives John M. Gregory and Joseph "Joe" Gregory invested in the company. The Gregory brothers are its first investors outside the McGlothlin family. [1]
During April, 2009 Ukrainian business group Metinvest, controlled by Rinat Akhmetov, purchased the company for an estimated $1 billion. [2] [3] In August 2009, United Coal Company moved into its new corporate headquarters at 110 Sprint Drive in Blountville, Tennessee. A staff of thirty four employees work out of the Blountville UCC office, which combines all corporate activities and executives in one location, including legal counsel, risk management, accounting, purchasing, information technology, human resources and sales – departments previously located in Teays Valley, West Virginia, and Bristol, Virginia. [4]
Rinat Leonidovych Akhmetov is a Ukrainian billionaire and businessman. He is the founder and president of System Capital Management (SCM), and ranked as the wealthiest man in Ukraine. As of June 2022, he was listed as the 607th richest person in the world with an estimated net worth of US$11.54 billion. Akhmetov is the owner and president of the Ukrainian football club Shakhtar Donetsk. From 2006–2007 and 2007–2012, Akhmetov was a member of the Ukrainian Verkhovna Rada (parliament) for the Party of Regions.
Xstrata plc was an Anglo-Swiss multinational mining company headquartered in Zug, Switzerland and with its registered office in London, United Kingdom. It was a major producer of coal, copper, nickel, primary vanadium and zinc and the world's largest producer of ferrochrome. It had operations in 19 countries across Africa, Asia, Australasia, Europe, North America and South America.
A coal town, also known as a coal camp or patch, is a type of company town or mining community established by the employer, a mining company, which imports workers to the site to work the mineral find. The company develops it and provides residences for a population of miners and related workers to reside near the coal mine. The 'town founding' process is not limited to mining, but this type of development typically takes place where mineral wealth is located in a remote or undeveloped area. The company opens the site for exploitation by first, constructing transportation infrastructure to serve it, and later to establish residences for workers. Mineral resources were sometimes found as the result of logging operations that established clear-cut area. Geologists and cartographers could then chart and plot the lands for exploitation.
System Capital Management or SCM is a major Ukrainian financial and industrial holding company established in 2000 in Donetsk in the east of the country and since 2014 headquartered in Kyiv. The business is controlled by Ukrainian businessman Rinat Akhmetov, who owns 100% of the company shares. In 2011, the group had revenues of around $19.5 billion and assets worth over $28.4 billion.
Peabody Energy is a coal mining and energy company headquartered in St. Louis, Missouri. Its primary business consists of the mining, sale, and distribution of coal, which is purchased for use in electricity generation and steelmaking. Peabody also markets, brokers, and trades coal through offices in China, Australia, the United Kingdom, and the United States.
Glencore plc is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Glencore's oil and gas head office is in London and its registered office is in Saint Helier, Jersey. The current company was created through a merger of Glencore with Xstrata on 2 May 2013. As of 2015, it ranked tenth in the Fortune Global 500 list of the world's largest companies. In the 2020 Forbes Global 2000, Glencore International was ranked as the 484th-largest public company in the world. As of July 2022, it is the world's largest commodity trader.
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The Tennessee Coal, Iron and Railroad Company (1852–1952), also known as TCI and the Tennessee Company, was a major American steel manufacturer with interests in coal and iron ore mining and railroad operations. Originally based entirely within Tennessee, it relocated most of its business to Alabama in the late nineteenth century, following protests over its use of free convict labor. With a sizable real estate portfolio, the company owned several Birmingham satellite towns, including Ensley, Fairfield, Docena, Edgewater and Bayview. It also established a coal mining camp it sold to U.S. Steel which developed it into the Westfield, Alabama planned community.
Eduard Anatoliyovych Prutnik is a Ukrainian businessman and philanthropist. Chairman of the board of directors of the United World International Foundation.
Barthell is a former coal town in McCreary County, Kentucky, United States. It was established in 1902 and was the first of 18 mining camps to be built by the Stearns Coal and Lumber Company. It now serves as an open-air history museum, which is open from April through Thanksgiving.
Eldad Cicero Camp, Jr. was an American coal tycoon, attorney and philanthropist, active primarily in Knoxville, Tennessee, and the vicinity, in the late 19th and early 20th centuries. He was president of the Coal Creek Coal Company, president of the Virginia-Tennessee Coal Company, a director of Knoxville's Third National Bank, and at his height, was one of the wealthiest men in East Tennessee. His prominent North Knoxville mansion, Greystone, is listed on the National Register of Historic Places.
Alpha Natural Resources is a large American producer of metallurgical coal for the industrial production of steel and iron and low-sulfur thermal coal to fuel steam boilers for the production of electrical power. In November, 2018 the company was acquired by Contura Energy. The company also provides industry services relating to equipment repairs, road construction and logistics, with domestic operations and coal reserves within the states of Virginia, West Virginia, Kentucky, Wyoming, Utah, Illinois, Tennessee, and Pennsylvania. Alpha Natural Resources does not produce all of the coal it sells; much of the coal sold by Alpha Natural Resources is purchased from independent mining operations and then resold in the worldwide market.
VAT "Krasnodonvugillya" is a coal-mining company located in the northern part of the Donetsk coal basin within Krasnodon district of Luhansk Oblast, Ukraine.
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Ingulets Iron Ore dressing Works is a mining and processing plant which produces metallurgical products. The company is based in Kryvy Rih, Ukraine. Ingulets GOK sources iron ore from the deposits of ferruginous quartzite at the Inhulets deposit. Ingulets is a Russian romanization of Ukrainian name Inhulets.
Central Iron Ore Enrichment Works (CGOK) specializes in processing and production of raw materials for the steel industry, merchant concentrate with an average Fe content of 65.0% to 68.2% and pellets with an average Fe content of 63.9%. It is the only mine in Ukraine, that simultaneously uses open-pit quartzite fields and underground mining.
Metinvest is an international group of steel and mining companies that owns operations in Ukraine, Italy, Bulgaria, the UK and the US, mines ore and coal, produces coke, smelts steel and produces rolled products, pipes and other steel products. The group's assets are managed by Metinvest Holding LLC.
Carter Machinery, founded in Virginia in 1927, is a producer of lubricants for engines and other mechanical purposes. By the 1980s, it also became the largest dealer in Caterpillar equipment in the United States, and it was acquired by Caterpillar, Inc. in 1988. Carterpillar contended that the acquisition, breaking its tradition of having only independent dealerships, was necessary to protect its right to dictate who could sell and service their product in the state of Virginia. Carter was bought out by its management in 2011, again becoming an independent dealer for Caterpillar.
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The Pickands Mather Group is an American company which provides shipping of coal and other bulk commodities, and the purchase, sale, and marketing of bulk coal. Founded in 1883 as Pickands Mather & Company, it once had the second largest shipping fleet on the Great Lakes in the 1910s and 1920s. The company was purchased by the Diamond Shamrock Corporation in 1968, which in turn sold it to the Moore-McCormack Resources in 1973. Moore-McCormack sold Pickands Mather's mining interests to Cleveland-Cliffs in 1986. Moore-McCormack then spun off the Interlake Steamship Company to James Barker and Paul R. Tregurtha in 1987. Pickands Mather was sold to a management group in 1992, and continues to operate as a private company.