International Coal Group Company Description
International Coal Group focuses its energy on one nation, the US. The company produces coal from about 10 mining complexes in Northern and Central Appalachia (Kentucky, Maryland, 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 950 million 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.
