Magnum Coal Coming to Charleston.
It was great to work with Magnum through this process. We were able to learn just how great an addition they are going to be to our community. It was specifically great to build our relationship with Magnum's Senior Vice President of Business Development and Administrative Services, David Turnbull. Welcome to Charleston Magnum Coal!
From the Charleston Daily Mail:
Laidley new coal company's home
George Hohmann
Daily Mail business editor
Wednesday May 31, 2006
The state's newest major coal company is establishing its corporate headquarters in Charleston.
Magnum Coal Co. has leased one floor and one-third of a second floor at Laidley Tower and plans to move in around the end of July, a company executive said. More than 50 employees are expected to eventually work out of the tower.
Magnum employs about 1,700 West Virginians.
The company expects to produce about 20 million tons of coal this year, making it one of the five largest producers in the state.
Paul Vining, Magnum's president and chief executive officer, said in a prepared statement, "The choice of corporate headquarters is reflective of Magnum's strong commitment to the coal industry, our employees, the city of Charleston and the state of West Virginia.
"We will be within an hour-and-a-half drive from all of our employees and all of our mining operations once we complete the move this summer," he said. Magnum is currently headquartered in Beaver, Raleigh County.
The company operates a total of 17 surface and underground mines and seven preparation plants, all located in West Virginia.
Magnum consists of the combined assets of Trout Coal and the Hobet, Catenary and Apogee mining complexes that were acquired from Arch Coal Inc. at the end of 2005. Operations include Speed Mining Inc., Dakota Mining Inc., and Remington Coal Co. Inc.
The privately held company with the combined resources was established earlier this year.
Magnum controls more than 629 million tons of reserves.
In addition to Vining, key executives are Keith St. Clair, executive vice president and chief financial officer; Bob Bennett, senior vice president of sales and marketing; David Turnbull, senior vice president of business development and administrative services; and Richard Verheij, senior vice president and general counsel.
Magnum has hired RC General Contractors Inc. of Charleston to build out its Laidley Tower space.
For years, major coal companies operating in West Virginia have been headquartered in other states. That began to change last year when International Coal Group Inc. announced plans to move its headquarters from Ashland, Ky., to Scott Depot. ICG's office building, on land between Interstate 64 and the Teays Valley Cinemas, is under construction.
Contact writer George Hohmann at 348-4836.
It was great to work with Magnum through this process. We were able to learn just how great an addition they are going to be to our community. It was specifically great to build our relationship with Magnum's Senior Vice President of Business Development and Administrative Services, David Turnbull. Welcome to Charleston Magnum Coal!
From the Charleston Daily Mail:
Laidley new coal company's home
George Hohmann
Daily Mail business editor
Wednesday May 31, 2006
The state's newest major coal company is establishing its corporate headquarters in Charleston.
Magnum Coal Co. has leased one floor and one-third of a second floor at Laidley Tower and plans to move in around the end of July, a company executive said. More than 50 employees are expected to eventually work out of the tower.
Magnum employs about 1,700 West Virginians.
The company expects to produce about 20 million tons of coal this year, making it one of the five largest producers in the state.
Paul Vining, Magnum's president and chief executive officer, said in a prepared statement, "The choice of corporate headquarters is reflective of Magnum's strong commitment to the coal industry, our employees, the city of Charleston and the state of West Virginia.
"We will be within an hour-and-a-half drive from all of our employees and all of our mining operations once we complete the move this summer," he said. Magnum is currently headquartered in Beaver, Raleigh County.
The company operates a total of 17 surface and underground mines and seven preparation plants, all located in West Virginia.
Magnum consists of the combined assets of Trout Coal and the Hobet, Catenary and Apogee mining complexes that were acquired from Arch Coal Inc. at the end of 2005. Operations include Speed Mining Inc., Dakota Mining Inc., and Remington Coal Co. Inc.
The privately held company with the combined resources was established earlier this year.
Magnum controls more than 629 million tons of reserves.
In addition to Vining, key executives are Keith St. Clair, executive vice president and chief financial officer; Bob Bennett, senior vice president of sales and marketing; David Turnbull, senior vice president of business development and administrative services; and Richard Verheij, senior vice president and general counsel.
Magnum has hired RC General Contractors Inc. of Charleston to build out its Laidley Tower space.
For years, major coal companies operating in West Virginia have been headquartered in other states. That began to change last year when International Coal Group Inc. announced plans to move its headquarters from Ashland, Ky., to Scott Depot. ICG's office building, on land between Interstate 64 and the Teays Valley Cinemas, is under construction.
Contact writer George Hohmann at 348-4836.
posted by Charleston West Virginia Economic Development
@ 11:02 AM
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