Foundation Coal Awarded ”2005 Coal Company of the Year” at Platts Global Energy Awards
Foundation Coal Holdings, Inc. (NYSE:FCL) took home “Coal Company of the Year” honors at the seventh annual Platts Global Energy Awards held at New York’s Roosevelt Hotel on December 1st, 2005. Recognized for leadership in mining safety, environmental stewardship, and technical and financial innovation, Foundation received this prestigious award in its first year as a nominated company.
Platts Global Energy Awards, established in 1999, honor exceptional achievement and vision displayed by energy companies throughout the world and across various industry sectors. The 2005 review panel consisting of international energy experts, energy ministers, regulators, corporate leaders, leading legislators, and academics chose winners in 16 categories. The judges evaluated nominees in the coal category in the areas of advanced technologies, productivity, innovative market or technology strategy, shareholder value, and commercial success.
“Winning ‘Coal Company of the Year’ honors is a tremendous accomplishment for Foundation Coal,” said company president and chief executive officer, James F. Roberts. “This award further validates the success of our business strategy over the course of our first year as a public company. Our commitment to operational excellence as a low-cost producer, focus on excellence in safety and environmental stewardship, and management of risk through geographic, operational, and market diversity continues to generate strong returns for our shareholders, provide a safe workplace for our employees, and yield high-value products for our customers,” Roberts continued. “I am pleased that Platts has chosen to recognize the hard work of Foundation’s approximately 2,900 employees.”
Foundation Coal Holdings, Inc., through its affiliates, is a major U.S. coal producer with 13 coal mines and related facilities in several states including Pennsylvania, West Virginia, Illinois, and Wyoming. Through its subsidiaries, Foundation Coal employs approximately 2,900 people and produces approximately 67 million tons annually, largely for utilities generating electricity. Foundation’s corporate offices are in Linthicum Heights, MD.