Shamrock Coal Company
| Shamrock Coal | |
|---|---|
| legal form | Corporation |
| founding | 1944 |
| Seat | London , Kentucky |
| Number of employees | 1,018 (1999) |
| Branch | Mining |
The Shamrock Coal Company is a mining company that produces hard coal in the Appalachian Mountains in the eastern United States .
history
The Shamrock Coal Company was founded on July 20, 1944 and based in Knoxville as a mining and coal trading company. The company named after the Shamrock clover began to acquire mining rights for hard coal in Tennessee and Kentucky and to mine the coal in underground mining . In the 1960s, B. Ray Thompson acquired a majority stake in the company.
In the early 1970s, the Shamrock Coal Company's mines produced around 1.3 million tons of hard coal annually. In 1973, Shamrock Coal was the eleventh largest mining operation in east Kentucky with 1.271 million tons, with Mine No. 18 was the third largest mine in the state. From 1979-1987 owned Shamrock Coal on the specially founded to subsidiary Oneida & Western Transportation as one of the few American mining operations not only its own freight cars, but also their own locomotives for long distance transportation of coal under freight leadership of Shamrock on routes of the Louisville and Nashville Railroad , Seaboard System Railroad and CSX Transportation were used.
On August 15, 1979, the Elk River Resources Inc. holding was founded in Delaware , merging Shamrock Coal and the Jewell Coal & Coke Company , also held by Thompson and active in the processing of coal . Elk River, in turn, was sold by the Thompson family to the Sun Company that same year for about $ 300 million . At the time, Shamrock and its subsidiaries were producing about four million tons of coal a year.
In 1984 Shamrock Coal's headquarters were relocated to Manchester , where the company operated, among other things, facilities for rail loading coal. At the end of 1987, the Shamrock Coal Company, registered in Manchester, was taken over by a company of the same name, registered in Wilmington under Delaware company law. At that time, Shamrock Coal, with around 640 employees in mines and open-cast mines in Counties Clinton , Harlan , Leslie , McCreary and Perry, produced about three million tons of hard coal per year. Due to sales difficulties, however, the mines of the Greenwood Division in the Clinton and MyCreary counties were closed on September 1, 1988 .
In February 1999, Elk River Holding sold its subsidiary Shamrock Coal to the James River Coal Company in Richmond . Shamrock's mines, deposits and other facilities have been assigned to the new owner's Bledsoe complex . Shamrock Coal continues to be a registered company as a subsidiary of James River Coal and is based in London , Laurel County . After the takeover and related restructuring, Shamrock Coal had 1,018 employees in 1999 with sales of $ 46.6 million. James River Coal filed for bankruptcy in 2014 and is in the process of reorganizing under Chapter 11 BC.
Individual evidence
- ↑ a b Shamrock Coal Company, Incorporated; Company Profile. In: Dun & Bradstreet Business Directory. Dun & Bradstreet , 1999, accessed June 20, 2020 : "Shamrock Coal Company, Incorporated has 1,018 total employees across all of its locations and generates $ 46.60 million in sales (USD)."
- ^ A b Shamrock Coal Company - Business Entity Detail. Tennessee Secretary of State, accessed June 20, 2020 .
- ↑ Federal Mine Safety and Health Review Commission (Ed.): Secretary of Labor, Mine Safety and Health Administration (MSHA) vs. Shamrock Coal Company; Civil Penalty Proceeding . May 25, 1978 (English).
- ^ Curtis E. Harvey: The Economics of Kentucky Coal. (PDF; 3.3 MB) University of Kentucky, 1977, p. 54; 59 , accessed June 20, 2020 (English).
- ↑ Cartel Restriction Act: Hearings Before the Subcommittee on Consumer Protection and Finance of the Committee on Interstate and Foreign Commerce, House of Representatives, Ninety-sixth Congress, Second Session, on HR 4661 ... June 24 and 26, 1980 . US Government Printing Office, 1981, pp. 286 (English, 427 pp.).
- ^ Marius S. Vassiliou: The A to Z of the Petroleum Industry . Scarecrow Press, 2009, ISBN 978-0-8108-7066-6 , pp. 388 (English, 716 pp.).
- ↑ Shamrock Coal Company (2082630). opencorporates.com, accessed June 20, 2020 .
- ↑ Ben Z. Hershberg: Shamrock Coal lays off 85 . In: The Courier-Journal . July 30, 1988, ISSN 1930-2177 (English).
- ^ Operations - Central Appalachia and Midwest. James River Coal Company, 2014, accessed June 20, 2020 .
- ↑ James River Coal Company, et al .; Debtors. (PDF; 5.4 MB) December 22, 2014, accessed on June 20, 2020 (English, document from the insolvency proceedings of the James River Coal Company with a list of subsidiaries).