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Foresight Energy history
Foresight Energy company history timeline
Slope development reached the coal seam at a depth of approximately 450 feet in mid-2006 and, following development of the slope bottom, commercial coal production began in November 2006.
Longwall mining production commenced in March 2008.
Development of the slope and surface facilities at the MC# 1 Mine began in October 2008.
In January 2009, Cline acquired coal mining assets in Macoupin County, Illinois from ExxonMobil Coal USA. Following the acquisition from Exxon, Macoupin recovered underground equipment, power lines, water pipe, conveyor belt and structure from the prior mine works.
Construction at the fourth mining complex, the Hillsboro Energy Deer Run Mine in Montgomery County, Illinois, began in May 2009.
The slope reached the coal seam in January 2010 and first coal shipments occurred in late August 2010.
In April 2012 the 25 million tons per year Sitran barge loading terminal on the Ohio River commenced operations.
Its slope reached the coal seam in November 2010 and initial coal shipments began in October 2011. Its first longwall mining system started in September 2012.
Moore was integral in the $3.05 billion acquisition of Consolidation Coal Company from CONSOL Energy Inc. in December 2013, along with numerous other acquisitions and strategic initiatives.
On June 23, 2014, Foresight Energy completed its initial public offering on the New York Stock Exchange.
In March 2015, a combustion event idled the mine, ultimately resulting in the permanent sealing of the current longwall district.
On April 16, 2015, Murray Energy acquired a significant economic interest in Foresight.
He has been our President and Chief Executive Officer since May 2015 and is Chairman of our Board of Managers.
On March 27 and 28, 2017, Murray Energy acquired additional interests in Foresight, as further outlined in our public disclosures.
Harrison is our Chief Financial Officer and has served as an executive of Foresight Energy since September 2017.
● Stack module and fuel cell power system were certified as National High-tech Products● Invited to become the member of the International Hydrogen Fuel Cell Association● Fuel cell series products made a debut at 2018 Weichai Business Conference
Our Sugar Camp complex is currently active and produced 12.8 million tons in 2019.
In March 2020 production at Macoupin was idled due to challenging market conditions.
As a result of challenging thermal coal markets and depressed demand and pricing in both domestic and internationally, on March 10, 2020 Foresight Energy filed for Chapter 11 bankruptcy protection.
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Foresight Energy competitors
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|---|---|---|---|---|
| Hallador Energy | 1951 | $634.5M | 848 | - |
| Clopay Service Company Inc | - | $760,000 | 5 | - |
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| FAB Industries Inc | - | $14.0M | 100 | - |
| Maesa | 1997 | $18.0M | 375 | 9 |
| Distributor Wire & Cable | 2008 | $3.4M | 96 | 6 |
| Steinway Musical Instruments | 1993 | $353.7M | 1,680 | - |
Foresight Energy history FAQs
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Foresight Energy may also be known as or be related to FORESIGHT ENERGY LP, Foresight Energy, Foresight Energy LLC and Foresight Energy LP.