BNET Industries
Market Cap:$707.5M
Last Fiscal Year Sales:$849.1M
- Public
- US
Dow Jones Description
International Coal keeps the lights on. Founded in 2004 and headquartered in Ashland, KY, International Coal Group, Inc. (NYSE: ICO) produces, processes, and markets coal. The company has 11 mining complexes, from which it supplies electric utilities and steelmakers. It has reserves of about 315 million tons of metallurgical coal and about 600 million tons of steam coal. Its facilities are located in Kentucky, West Virginia, and Illinois. It has annual revenue of about $647.7 million and employs about 2,023 people. In 2005, it acquired Anker Coal and CoalQuest, adding five major mining complexes and 374 million tons of reserves, and the Greymont Coal assets, which further increased reserves by 13.5 million tons.
Chief Executive Officer
Bennett K. HatfieldNumber of Employees 2,166
Peer Companies
NAICS Code Bituminous Coal and Lignite Surface Mining: 212111
Recent Events
-
ICG blames Allegheny Energy for Harrison mine closure
-
Coal producer ICG says profit doubled in Q3
-
International Coal Group's ICG ADDCAR Systems Acquires International Patent Rights To Its Highwall Mining Machines...
-
CNSV Receives Initial Royalty Revenues From Coal Being Mined on a Portion of its...
-
International Coal Group Reports Second Quarter 2009 Results
-
International Coal Group Inc. ICO reports 3rd Quarter ending September 2009 above estimates
News & Analysis
Filter by
international coal group - All News and Analysis
International Coal Group Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Our question come from a line of Shneur Gershuni from UBS. Please proceed. Shneur Gershuni - UBS Hi. Bennett Hatfield Good morning. Shneur Gershuni - UBS Just a couple of quick question here. Just kind of looking at your 2010 guidance and so forth. You...
International Coal Group, Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of Justine Fisher with Goldman Sachs. Justine Fisher – Goldman Sachs I’m wondering if you can give us a bit more color around your costs just because one of your competitors reported on Friday, and they reduced...
International Coal Group, Inc. Q2 2009 Earnings Call Transcript
International Coal Group, Inc. ICO Q2 2009 Earnings Call July 27, 2009 11:00 am ET
International Coal Group, Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of Michael Dudas from Jefferies. Please proceed. Michael Dudas - Jefferies Ben, couple of questions. First, you touched on taking some of your high-vol coal into the Northern App market. What kind of premium are you...
International Coal Group, Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions And your first question comes from the line of Shneur Gershuni with UBS. Please proceed. Shneur Gershuni – UBS Hi, good morning guys. Ben Hatfield Good morning. Shneur Gershuni – UBS I guess a couple of quick questions. You sort of talked about the covenant...
International Coal Group, Inc. Q3 2008 (Qtr End 09/30/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Brent Levy - Jefferies & Company. Brent Levy - Jefferies & Company In terms of the potential of the funding gap, you guys have moved CapEx around a little bit and a number of the other numbers here. ...
International Coal Group, Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Brent Levy - Jefferies & Company. Brent Levy - Jefferies & Company In terms of the potential of the funding gap, you guys have moved CapEx around a little bit and a number of the other numbers here. ...
Today's True Safe Haven Investments
Mark Anthony submits: Yesterday, barely one week after the fall of Fannie Mae FNM and Freddie Mac FRE, we saw the fall of the third and fourth largest financial institutions at the same time. Lehman Brothers LEH filed for bankruptcy, and Merrill Lynch MER sold itself to Bank of America...
International Coal Group Inc. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions Your first question comes from the line of Shneur Gershuni with UBS. Please proceed. Shneur Gershuni – UBS Hi, good morning, guys. Ben Hatfield Hi, Shneur. Shneur Gershuni – UBS Just a couple of questions here. I guess the – I guess my first question...
International Coal Group Inc. Q1 2008 Earnings Call Transcript
Question-and-Answer Session Operator Thank you very much, sir. Operator Instructions. Our first question comes from the line of Brett Levy at Jefferies & Company. Please proceed. Brett Levy - Jefferies & Company Hey, guys. Ben Hatfield Hello. Brett Levy - Jefferies & Company Let we'll start with...
- 1
- 2
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Bennett K. Hatfield | Chief Executive Officer |
| Bradley W. Harris | CFO & Vice President |
| Lance G. Sogan | Executive Vice President, HR & Admin |
| Marc R. Merritt | Senior Vice President, Sales & Marketing |
| Michael Hardesty | Senior Vice President Â?? Sales & Marketing |
| Oren Eugene Kitts | Senior Vice President Â?? Mining Services |
| Roger L. Nicholson | Senior Vice President |
| Samuel R. Kitts | Senior Vice President Â?? West Virginia & Maryland Operations |
| William Scott Perkins | Senior Vice President Â?? Kentucky & Illinois Operations |
| Charles Snavely | Vice President Â?? Planning and Acquisitions |
| Ira Gamm | Vice President, Investor & Public Relations |
| William D. Campbell | Vice President, Accounting and Treasury |
| Stanley Gaines | Director |
| Wendy L. Teramoto | Director |
| William J. Catacosinos | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Wilbur L. Ross Jr. | Chairman |
| Cynthia B. Bezik | Board of Directors |
| Jon R. Bauer | Board of Directors |
Mr. Hatfield has been our President and Chief Executive Officer since March 2005. Prior to joining us, Mr. Hatfield served as President, Eastern Operations of Arch Coal,Inc., a producer of coal in the eastern and western United States, from March 2003 until March 2005. Prior to joining Arch Coal, Inc., Mr. Hatfield was Executive Vice President of El Paso Energy’s Coastal Coal Company, a Central Appalachian coal producer, from December 2001 through February 2003. That assignment was preceded by a lengthy career with Massey Energy Company, a Central Appalachian coal producer, where he last served as Executive Vice President and Chief Operating Officer from June 1998 through December 2001. Mr. Hatfield has a B.S. in mining engineering from Virginia Polytechnic Institute and University.
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Chief Executive Officer | Current |
| Arch Coal, Inc. | Vice President, Operations | Current |
| International Coal Group, Inc. | Director | Current |
| International Coal Group, Inc. | President | Former |
| Arch Coal, Inc. | President, Eastern Operations | Former |
| Massey Energy Company | Chief Operating Officer | Former |
| Massey Energy Company | Executive Vice President | Former |
Mr. Harris has been our Senior Vice President and Chief Financial Officer since September 2006. Prior to joining us, Mr. Harris was Executive Vice President and Chief Financial Officer of GMH Communities Trust, a self-advised, self-managed, specialty housing company, or GMH, where he was responsible for financial reporting, accounting, information technology and human resources from August 2004 through March 2006. From April 2004 through July 2004, Mr. Harris served as a consultant for GMH Associates, Inc. and GMH on accounting matters. In July 2004, Mr. Harris was appointed Senior Vice President and Chief Accounting Officer of GMH, and was appointed Chief Financial Officer in August 2004. From September 1999 through March 2004, Mr. Harris served as Vice President and Chief Accounting Officer of Brandywine Realty Trust, an office property REIT. From 1996 through 1999, Mr. Harris served as the Controller of Envirosource, Inc., a service provider to the steel industry. From 1981 to 1996, Mr. Harris worked for Ernst & Young LLP, most recently as an Audit Senior Manager, specializing in real estate. Mr. Harris received a B.S. in accounting in 1981 and an M.B.A. in 1986, both from Lehigh University. Mr. Harris is a Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | CFO & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Executive Vice President, HR & Admin | Current |
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Senior Vice President, Sales & Marketing | Current |
Mr. Hardesty has been our Senior Vice President, Sales and Marketing since April 2005. Previously, Mr. Hardesty held various positions with Arch Coal, Inc., a producer of coal in the eastern and western United States. Mr. Hardesty was (i) Vice President, Commercial Optimization from January 2005 through April 2005, (ii) Vice President, Marketing Services from July 2002 through January 2005 and (iii) Director of Marketing Services from August 1998 until July 2002. Mr. Hardesty received his B.S. in accounting from University of Kentucky.
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Senior Vice President Â?? Sales & Marketing | Current |
| Arch Coal, Inc. | Vice President, Market Services | Former |
| Arch Coal, Inc. | Director Market Services | Former |
| University of Kentucky | B.S. In Accounting | Former |
Mr. Kitts has been our Senior Vice President, Mining Services since May 2005. Prior to his employment with us, Mr. Kitts was most recently Vice President, Environmental & Technical Affairs for Eastern Operations at Arch Coal, Inc. from May 2003 until joining us. Prior to Arch, Mr. Kitts was a partner in Summit Engineering Company, a Central Appalachian regional mining and civil engineering company, from May 1996 until May 2003. Prior to March 1996, Mr. Kitts spent over twelve years with Massey Coal, a Central Appalachian coal producer, in a variety of technical and management assignments, including president of Massey Coal Services. Mr. Kitts initially worked for Pickands Mather & Company, an iron ore mining and shipping company, as the environmental engineer for their coal mining operations in southern West Virginia and eastern Kentucky. Mr. Kitts has a B.S. in civil engineering from West Virginia University.
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Senior Vice President Â?? Mining Services | Current |
| Arch Coal, Inc. | Vice President, Environmental & Technical Affairs, Eastern Operations | Former |
| Summit Engineering, Inc. | Partner | Former |
| West Virginia University | B.S. In Civil Engineering | Former |
Mr. Nicholson has been our Senior Vice President and General Counsel since April 2005 and our Secretary since February 2006. Prior to joining us, Mr. Nicholson was a member at the law firm of Jackson Kelly, PLLC from April 2002 to April 2005. His practice focused on energy and natural resources, mergers and acquisitions and commercial and mineral real estate. Before joining Jackson Kelly, PLLC, Mr. Nicholson served as Vice President, Secretary and General Counsel of Massey Energy Company, a Central Appalachian coal producer, from February 2000 to April 2002. From June 1995 to February 2000, Mr. Nicholson was assistant general counsel of Massey Energy Company. He earned a B.S. in economics from Georgetown College and a J.D. from University of Kentucky.
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Senior Vice President | Current |
| Massey Energy Company | Vice President | Former |
| International Coal Group, Inc. | General Counsel | Former |
| Massey Energy Company | General Counsel | Former |
| Massey Energy Company | Secretary | Former |
| University of Kentucky | J.D. | Former |
| Georgetown College | B.S. In Economics | Former |
| Jackson Kelly Pllc | Member | Former |
Mr. Kitts joined International Coal Group in April 2005. Prior to his employment with us, Mr. Kitts was the Vice President of Alpha Natural Resources Services from April 2004 to April 2005 and the President of Brooks Run Mining Co., LCC, a Central Appalachian coal producer, from February 2003 to April 2005. From March 2002 to February 2003, Mr. Kitts was the President of Brooks Run Coal Company. Prior to that time, Mr. Kitts held various management positions at Massey Energy Company from December 1986 to March 2002. Mr. Kitts received both a B.S. in geology and an M.B.A. from Marshall University.
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Senior Vice President Â?? West Virginia & Maryland Operations | Current |
| Marshall University | M.B.A. | Former |
| Marshall University | B.S. In Geology | Former |
Mr. Perkins joined International Coal Group in January 2005. Prior to his employment with us, Mr. Perkins held various positions in operations management with our predecessors, Horizon Natural Resources and AEI Resources. During the period from July 1993 to May 1999, Mr. Perkins held various senior management positions at Amvest, Inc., an independently owned coal mining and natural gas company based in Charlottesville, Virginia. Mr. Perkins received his B.S. in geology from Kent State University.
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Senior Vice President Â?? Kentucky & Illinois Operations | Current |
| Icg, Inc. | Senior Vice President Â?? Kentucky & Illinois Operations | Current |
| Horizon | Vice President, Evergreen Mining Company Division | Former |
| Horizon | General Manager, Kentucky Division, Union Free Horizon Natural Resources | Former |
| Kent State University | B.S. In Geology | Former |
Gamm comes to ICG with more than 10 years of investor relations experience. Most recently, he operated his own investor relations consulting firm, Gamm & Associates. He also has held investor relations positions with NACCO Industries, a holding company that owns North American Coal Corporation, and Figgie International. Gamm has extensive corporate communications and public relations experience with Figgie International, United Airlines and Walgreen Co. Gamm received his bachelor’s degree in journalism from the University of Illinois, Champaign- Urbana, and his juris doctor degree from Northern Illinois University College of Law, Dekalb.
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Vice President, Investor & Public Relations | Current |
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Vice President, Accounting and Treasury | Current |
| International Coal Group, Inc. | Treasurer | Current |
| Horizon | Vice President | Former |
| Icg, Inc. | Vice President | Former |
| Horizon | Controller | Former |
| Icg, Inc. | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| W.L. Ross & Co., LLC | Chairman & Chief Executive Officer | Current |
| Rossco, Inc. | Chief Executive Officer | Current |
| International Textile Group Inc | Chairman | Current |
| International Steel Group Inc. | Chairman | Current |
| International Coal Group, Inc. | Chairman | Current |
| Ohizumi Manufacturing Company | Chairman | Current |
| Marquis Who's Who, LLC | Chairman | Current |
| Rossco, Inc. | Chairman | Current |
| Yale School of Management | Board of Advisors | Current |
| Syms Corporation | Board of Directors | Current |
| Turnaround Management Association | Board of Directors | Current |
| News Communications, Inc. | Board of Directors | Current |
| Whitney Museum of American Art | Board Member | Current |
| Oxford Automotive | Board of Directors | Current |
| Japan Society 100 Years | Board of Directors | Current |
| Wagon Automotive | Board of Directors | Current |
| ArcelorMittal | Board of Directors | Current |
| Assured Guaranty, Ltd. | Board of Directors | Current |
| Rothschild Inc. | Executive Managing Director | Former |
| W.L. Ross & Co., LLC | Managing Partner | Former |
| Wagon plc | Board of Directors | Former |
| International Coal Group, Inc. | Board of Directors | Former |
| International Steel Group Inc. | Board of Directors | Former |
| Mittal Steel Company N.V. | Board of Directors | Former |
| Harvard University | M.B.A. | Former |
| Harvard Business School | MBA | Former |
| Yale University | A.B. | Former |
| Yale College | B.A. | Former |
Ms. Bezik has been a Director since April 2005 and a Director of ICG, Inc. since December 2004. Ms. Bezik has over thirty years of financial management experience. Since May 2004, Ms. Bezik has been a financial consultant to the $300 million Senior Secured Noteholders in the WCI Steel, Inc. bankruptcy proceedings. Effective May 1, 2006, she became the Chief Financial Officer of WCI Steel, Inc. She was Senior Vice President-Finance and Chief Financial Officer at Cleveland-Cliffs Inc., from November 1997 through July 2003. Prior to that, she was the Treasurer at Cleveland-Cliffs from October 1994 through October 2003. Cleveland-Cliffs Inc., a NYSE-listed company, is a major supplier to the steel industry. Earlier in her career, she was on the audit staff of Ernst & Young, LLP, a professional services organization, and worked for AM International, a large manufacturing company. In September 2005, Ms. Bezik joined the Board of Managers of Cadence Innovation LLC (f/k/a New Venture Holdings, LLC), a privately held, tier-one automotive supplier, and in October 2005, was appointed Chair of its Audit Committee. From February through September 2004, Ms. Bezik was a Director and Chair of the Audit Committee of Oxford Automotive, Inc., a privately held, tier-one automotive supplier, prior to its filing for reorganization in 2004. In addition, she is on the Board of Trustees and the Executive Committee and serves as Treasurer of the Achievement Centers for Children, a non-profit organization serving special needs children in Northeastern Ohio. Ms. Bezik is a CMA (Certified Management Accountant) and holds an M.B.A. from Case Western Reserve University.
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Board of Directors | Current |
Mr. Gaines was elected to our Board of Directors on May 26, 2006. Since August 2000, Mr. Gaines, has served as a director and member of the audit committee of ModTech Holdings, Inc., a national designer and manufacturer of modular buildings. Mr. Gaines served as the Chairman and CEO of GNB Inc., an automotive and industrial battery company, from 1982 to 1988. Prior to GNB, Inc., Mr. Gaines was Senior Vice President, International from 1981 through 1983 and Group Vice President, Batteries from 1971 through 1981 for Gould Inc., an international and diversified manufacturer. In addition, Mr. Gaines serves as a director of the Battery Council International and as a director and an executive committee member of Students in Free Enterprise. Mr. Gaines attended the University of Virginia and the Harvard Business School Advanced Management Program.
| Organization | Position | Status |
|---|---|---|
| International Coal Group, Inc. | Director | Current |
| Battery Council International | Director | Current |
| Modtech Holdings, Inc. | Director | Current |
| GNB Corporation | Chairman | Former |
| Harvard Business School | Advanced Management Program | Former |
| University of Virginia | * | Former |
| Organization | Position | Status |
|---|---|---|
| W.L. Ross & Co., LLC | Senior Vice President | Current |
| International Coal Group, Inc. | Director | Current |
| Rothschild Inc. | NA | Former |
| W.L. Ross & Co., LLC | Officer | Former |
| Icg, Inc. | Secretary | Former |
| Anker Coal Group Inc. | Director | Former |
| University of Colorado | B.S. In Accounting and Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Laurel Hill Capital Partners LLC | Managing Partner | Current |
| International Coal Group, Inc. | Director | Current |
| Icg, Inc. | Director | Current |
| TNP Enterprises, Inc. | CEO | Former |
| Long Island Lighting Company | Chief Executive Officer | Former |
| Laurel Hill Capital Partners LLC | Owner | Former |
| Brookhaven National Laboratory | Assistant Director | Former |
| TNP Enterprises, Inc. | Chairman | Former |
| Long Island Lighting Company | Chairman | Former |
| New York University | Ph.D. In Economics | Former |
| New York University | M.B.A. | Former |
| New York University | B.S. Degree | Former |
Executive News
-
Wilbur Ross Targets China's Clean Energy Opportunities
-
US eases rules for bank buyouts
-
Ross interested in Sun Belt banks
-
Rules eased for private investing in failed banks
-
Wilbur Ross and Banks: 'We'll Be in the Game'
-
INTERVIEW-Ross says FDIC bank rules still too tight
-
Ross says FDIC bank rules still too tight
-
FDIC eases rules for private equity firms to buy failed banks
-
As banks fail, FDIC likely to ease rules for investors to buy institutions
-
As more banks fail, private investors gain favor
-
MBA Takes Loss, Plans to Break Even in FY 2010
-
WL Ross Hires Fannie Regulator
-
Fannie, Freddie Overseer Lockhart To Join WL Ross
-
FDIC proposals on banks buys draw fire as comments end
-
FDIC proposals on banks buys draw fire as comments end
-
The Economist Launches The Buttonwood Gathering Lawrence H. Summers to deliver keynote lecture at inaugural finance and economics event
-
Greenbrier Reports Fiscal Third Quarter 2009 Results
-
Greenbrier Reports Fiscal Third Quarter 2009 Results
-
Greenbrier Reports Fiscal Third Quarter 2009 Results
-
Greenbrier Reports Fiscal Third Quarter 2009 Results
Industry Transcripts by Seeking Alpha
-
Plains All American Pipeline, L.P. Q3 2009 Earnings Call Transcript
on Nov 07, 2009about PAA
-
Syntroleum Corporation Q3 2009 Earnings Call Transcript
on Nov 07, 2009about SYNM
-
BreitBurn Energy Partners L.P. Q3 2009 Earnings Conference Call
on Nov 06, 2009about BBEP
-
Central Vermont Public Services Q3 2009 Earnings Call Transcript
on Nov 06, 2009about CV
-
Mariner Energy, Inc. Q3 2009 Earnings Call Transcript
on Nov 06, 2009about ME
IndustryTop Rated
- Clinton: Energy Efficiency Is Not Sexy, But Important Low-Hanging Fruit 4 votes
- Valero to Shutter Some Refinery Operations, Cut Hundreds of Jobs 3 votes
- Carbon Offsets: The Next Cash Crop for Farmers? 3 votes
- Boxer Rolls Political Dice, Climate Bill Moves Onto Senate Floor 3 votes
- Spillover Effect: Another Pre-Salt Discovery in Brazil 2 votes

