Coal Age Magazine - For more than 100 years, Coal Age has been the magazine that readers can trust for guidance and insight on this important industry.
Issue link: https://coal.epubxp.com/i/718122
14 www.coalage.com August 2016 news continued the Daviess County city of 60,000. Current suppliers include Arm- strong Coal, a subsidiary of Armstrong Energy; Western Kentucky Minerals/Sun Energy; Peabody Energy; and KenAmerican Re- sources, a subsidiary of Murray Energy. Despite hot summer weather in the Owensboro area of western Kentucky, customer demand for electricity has not been sufficient for the municipality to operate Elmer Smith for more than a few hours during peak times of the day, according to James Roberts, veteran fuels and byproducts manager for the municipality. OMU's lament, Smith said, is an all-too-familiar one for U.S. coal producers: Persistently low natural gas prices, slack demand and, until just a couple of months ago, mild weather that sharp- ly lowered capacity factors for marginal coal-burning generating units. As of July, Roberts did not know when OMU will lift the force majeure and resume receiving regular deliveries of coal from sup- pliers. He did not reveal how much coal the municipality currently is accepting from them. But during the past year, OMU awarded a 1.35-million-ton contract over three years to Armstrong; a 1.2-mil- p e o p l e i n t h e n e w s m David Stetson was appointed CEO of a reorganized Alpha Natural Resources . Stetson is a veteran coal executive with broad experi- ence in finance, mergers and acquisitions, corporate governance, legal and reclamation. He most recently held leadership positions with Trinity Coal, RAAM Global Energy and JW Resources. with Trinity Coal, RAAM Global Energy and JW Resources. with Trinity Coal, RAAM Global Energy and JW Resources. with Trinity Coal, RAAM Global Energy and JW Resources. Drummond Co. announced that Mike Tra- cy, former president of mining, has been named the new CEO. Dr. Mike Drummond, Garry Neil Drummond's son, has been Garry Neil Drummond's son, has been appointed the new chairman of the board. Tracy has 43 years of mining experience, with more than 35 years with Drummond Co. John Drummond Sr., Dan Davidson, Tom Davidson, Mark Drummond, Beth Stukes, John Davidson, Ed Drummond and Mike Tracy have also been named as members of the board. Dr. Drummond is a vascular surgeon at Princeton Baptist Medical Center, past chairman of the Department of Surgery at Princeton and former board Center, past chairman of the Department of Surgery at Princeton and former board Center, past chairman of the Department of Surgery at Princeton and former board member and chairman of the board of Baptist Health Systems of Alabama. John How- ard Drummond Sr. has worked for the Drummond Co. for 55 years and has been a member of the board for 20 years. David Davidson is senior vice president and director of fixed income for the Wealth Management Division of BBVA Compass. Tom Davidson was a senior vice president and senior risk officer before he retired. Mark Drummond was a senior vice president and senior risk officer before he retired. Mark Drummond has a Ph.D. in Geology, taught at UAB and has since developed residential real estate, has a Ph.D. in Geology, taught at UAB and has since developed residential real estate, invested in commercial real estate and oil and gas ventures. Stukes serves as a board invested in commercial real estate and oil and gas ventures. Stukes serves as a board member of the Walker Area Community Foundation. Ed Drummond has a Ph.D. in geo- member of the Walker Area Community Foundation. Ed Drummond has a Ph.D. in geo- chemistry and worked at Oak Ridge National Laboratory directing research programs chemistry and worked at Oak Ridge National Laboratory directing research programs chemistry and worked at Oak Ridge National Laboratory directing research programs for the U.S. Department of Energy and also worked for Drummond Co. for four years as for the U.S. Department of Energy and also worked for Drummond Co. for four years as for the U.S. Department of Energy and also worked for Drummond Co. for four years as executive vice president and executive assistant to the CEO of Drummond Co. Buffalo Coal Corp. announced the resignation of Malcolm Campbell as CEO and Sarah Buffalo Coal Corp. announced the resignation of Malcolm Campbell as CEO and Sarah Williams as CFO and corporate secretary. Williams as CFO and corporate secretary. John Kaiser has been named vice president of strategic planning in Union Pacific's executive department. Union Pacific's executive department. Kenny Rocker has been named vice pres- ident and general manager of industrial products. Superior Industries appointed Peter Patter- Superior Industries appointed Peter Patter- Superior Industries appointed Peter Patter- son as territory sales manager throughout son as territory sales manager throughout central and western Canada. Dust Control Technology named Laura Sti- Dust Control Technology named Laura Sti- Dust Control Technology named Laura Sti- verson president of the company after her verson president of the company after her service to the company as general manag- service to the company as general manag- er for nearly five years. Baldor Electric announced Ryan Waite has been named the director of motor product management for its global NEMA motor business. McLanahan Corp. welcomed Jeff High to the company as global product manager of crushing and screening. GE appointed Azeez Mohammed as president and CEO of GE Energy Connections' Power Conversion business. Most recently, he was president and CEO, of GE's Power Services business for the Middle East and Africa. Richard Budge, the businessman who successfully spear-headed the purchase of state-owned British Coal's mining assets in England when the industry was privatized more than 20 years ago, died July 18 at the age of 69. Budge was born in 1947, the year the U.K. coal industry, with almost a thousand deep mines and a million employees, was nationalized and became the National Coal Board. Almost half a century later when the "ultimate privatization" was completed, there were just 19 deep mines in produc- tion and Budge's Doncaster-based RJB Mining company bought all but two of them. He left to join the Retford-based company AF Budge owned by his late brother Tony, which was involved in civil engineer- ing projects, constructing major motorway interchanges and extract- ing coal from seams laying close to the surface. In 1992, he bought the open-cast coal and plant division from the family business. He bought a small deep mine in Northumberland, contracted for surface mine sites, and as the government prepared for the sale of what for- mer Energy Secretary Cecil Parkinson had described as the "ultimate privatization," rescued three deep mines that British Coal had decid- ed would play no part in the privatization process. These "lease and license" mines went on to produce almost 20 million metric tons of coal for power stations and industry before they closed. A slump in energy prices in the late 1990s as coal supply contracts were being renegotiated dampened the appetite for the investment needed in an industry typically facing a four- or five-year payback and Budge quit as the company's chief executive in the summer of 2001. He invested his energies and much of his personal wealth in securing a future for Hat- field, a colliery near Doncaster with substantial reserves and the po- tential to pioneer carbon capture technology seen as an environmental lifeline for coal. Budge served in both regional and national capacities as chairman and president of the Coal Trade Benevolent Association; provided support and was chairman of the Coal Industry Social Wel- fare Organization and many organizations and activities popular in traditional mining communities. He was a trustee of the National Coal Mining Museum for England, the former Caphouse colliery at Wakefield, and for many years, with Nottinghamshire Enterprises, a job creation agency helping regenerate one of the coalfields hit hard by pit closures. He was the driving force behind the foundation of the Confederation of U.K. Coal Producers, a campaign group. Peter Patterson Mike Tracy Laura Stiverson Ryan Waite Jeff High Azeez Mohammed Azeez Mohammed Richard Budge David Stetson John Kaiser