Drummond Company

From Wikipedia, the free encyclopedia
Drummond Company, Inc.
Type Private
Industry Coal Mining
Founded 1935
Headquarters Birmingham, Alabama, USA
Key people Garry N. Drummond Sr., Chief Executive Officer
Jack Stilwell, Chief Financial Officer
Products Coal, By-Products, and Real Estate
Revenue Increase$5.00 billion USD (2010)
Employees 5,100 (2006)
Website http://www.drummondco.com/

Drummond Company, Inc. is a privately owned company based in Birmingham, Alabama, United States, involved in the mining and processing of coal and coal products. The company was founded in Jasper, Alabama in 1935 by H. E. Drummond, and remains under the management of his sons.[1]

Overview

Belt conveyor for coal transportation owned and operated by Drummond Company, located between the city of Santa Marta and the town of Cienaga by the Caribbean sea in Colombia.

Drummond operates the Shoal Creek mine in northwestern part of Jefferson County in Alabama and the Pribbenow and El Descanso mines near La Loma in the Cesar Department in northern Colombia. Both mines produce bituminous coal. Output from Shoal Creek is sold to Alabama Power under long-term supply contracts. Production from Pribbenow, comprising almost 50% of all coal mined in Colombia, is exported to 11 countries.

The company also owns Alabama By-Products Corporation, also known as ABC Coke, located in Tarrant, Alabama. The company also owns Rancho La Quinta Country Club in La Quinta, California.


Drummond announced in July 2010 that it had hired Bank of America Merrill Lynch in its plans to look for a strategic partner to expand its El Descanso mining operations in northern Colombia.[citation needed]

References

  1. ↑ Drummond Company on Yahoo Finance

See also

Estate of Rodriquez v. Drummond Co.

External links



This article is issued from Wikipedia. The text is available under the Creative Commons Attribution/Share Alike; additional terms may apply for the media files.