International Coal Group Company Description
International Coal Group focuses its energy on one nation, the US. The company produces coal from about a dozen mining complexes in Northern and Central Appalachia (Kentucky, Maryland, Virginia, and West Virginia) and from another in the Illinois Basin (in Illinois, strangely enough). International Coal Group produces low-sulfur steam coal, which is sold mainly to electric utilities, and metallurgical coal, which is sold to steelmakers. Steam coal accounts for two-thirds of the company's 1 billion tons of coal reserves. International Coal Group was formed in 2004 when investor Wilbur Ross led a group that bought many of the assets of Horizon Natural Resources in a bankruptcy auction.
View the Comprehensive Company Description for International Coal Group
The Company Description provides a historical perspective of International Coal Group's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of International Coal Group's evolution in the marketplace.
