Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - James River Coal CO | dp45488_8k.htm |
| EX-99.1 - EXHIBIT 99.1 - James River Coal CO | dp45488_ex9901.htm |
| EX-99.3 - EXHIBIT 99.3 - James River Coal CO | dp45488_ex9903.htm |
| EX-99.2 - EXHIBIT 99.2 - James River Coal CO | dp45488_ex9902.htm |
Exhibit 99.4
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Historical operating and financial summary
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 |
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Deutsche Bank
Corporate Banking & Securities
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2 |
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Mix of tons sold over time (000s tons)
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|||||||||
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Breakdown of 2014 committed position (as of February 24, 2014)
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||||||||
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Tons (000s)
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$ / ton
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|||||||
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CAPP thermal
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1,361
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$65.20
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Midwest thermal
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1,850
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$44.86
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Metallurgical
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664
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$106.25
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Specialty, stoker and PCI
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1,206
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$72.23
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Total James River
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5,081
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$64.83
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Source: Company materials
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Deutsche Bank
Corporate Banking & Securities
|
3 |
Hazard
The Hazard complex consists of operations at Blue Diamond Buckeye, Blue Diamond Leatherwood and Laurel Mountain. The complex is located in Floyd, Johnson, Knott, Lawrence, Leslie, Letcher and Perry counties in Kentucky. The underground mines use room and pillar mining and the surface mines use contour and highwall mining methods to produce CAPP thermal, stoker and PCI coal.
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Complex summary
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Location
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Kentucky
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Reserves (12/31/12)
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139 million tons
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Preparation plants
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Leatherwood #76: 1,200 raw TPH
Buckeye #64: 900 raw TPH
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Loadouts
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Leatherwood: CSX rail; 4-hour, 110 cars
Buckeye: CSX rail; 4-hour, 110 cars
Sunny Knott: CSX rail; 24-hour,110 cars
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Key customers
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Scana, Coal Trade, Georgia Power, L&K Vitol, L&K US Steel, Eastman, AEP, Southern App / ROVA
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2013A summary
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||
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Tons sold
(000s tons)
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CAPP thermal
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1,838
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Midwest thermal
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--
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Metallurgical
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54
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Specialty
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--
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Stoker
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532
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PCI
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449
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Avg. revenue/ton (US$)
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$71.39
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Avg. cost/ton (US$)
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$64.14
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Complex EBITDA (US$m)
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$20.9
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ARO (US$m as of 12/31/2013)
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$54.3
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Coal quality (tons sold)
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|||||||
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Leatherwood
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Buckeye
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Sunny Knott
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Moisture
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5.19
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5.71
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5.49
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Ash (%)
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As rec’d
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7.22
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9.86
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10.39
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Dry
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7.64
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10.48
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11.00
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BTU
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As rec’d
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13,194
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12,713
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12,476
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|||
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Dry
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13,914
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13,481
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13,201
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Sulfur (%)
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As rec’d
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0.96
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0.85
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1.00
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|||
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Dry
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1.01
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0.91
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1.06
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Fluidity (DDPM)
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NA
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NA
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NA
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Deutsche Bank
Corporate Banking & Securities
|
4 |
Hampden / L&K
The Hampden complex is located in Mingo and Logan counties in southern West Virginia. The underground mines use room and pillar mining and the surface mines use the contour mining method to produce metallurgical coal. L&K, James River’s global sales and marketing organization, markets the metallurgical coal production at Hampden.
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Complex summary
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Location
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West Virginia
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Reserves (12/31/12)
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49 million tons
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Preparation plants
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Hampden: 600 raw TPH
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Loadouts
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Gilbert Creek: NS rail line; 4-hour, 120 cars
Snap Creek: CSX rail line; 4-hour, 100 cars
West Gilbert: CSX rail line; 24-hour, 26 cars
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Key customers
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US Steel, ArcelorMittal, Erie Coke, Tonawanda Coke
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2013A summary
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Tons sold
(000s tons)
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CAPP thermal
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9
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Midwest thermal
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--
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Metallurgical
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1,871
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Specialty
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--
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Stoker
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5
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PCI
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--
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Avg. revenue/ton (US$)
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$93.89
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Avg. cost/ton (US$)
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$90.76
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Complex EBITDA (US$m)
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$5.9
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ARO (US$m as of 12/31/2013)
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$13.9
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Coal quality (tons sold)
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|||||||
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Gilbert Creek
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Snap Creek
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West Gilbert
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|||||
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Moisture
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7.00
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7.00
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5.00
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Ash (%)
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As rec’d
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6.51
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6.51
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3.45
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Dry
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7.00
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7.00
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3.56
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BTU
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As rec’d
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13,387
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13,387
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14,411
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Dry
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14,378
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14,378
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14,852
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Sulfur (%)
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As rec’d
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0.88
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0.93
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0.65
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Dry
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0.95
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1.00
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0.67
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Fluidity (DDPM)
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30,000
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30,000
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30,000
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Deutsche Bank
Corporate Banking & Securities
|
5 |
Bell
The Bell complex is located in Bell county in eastern Kentucky. The Company uses room and pillar mining to produce specialty coal.
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Complex summary
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Location
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Kentucky
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Reserves (12/31/12)
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9 million tons
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Preparation plants
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Hignite: 550 raw TPH
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Loadouts
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Hignite: CSX rail line; 4-hour, 110 cars
Hignite 1 (Ky.): NS rail line; 4-hour, 110 cars
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Key customers
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Eastman
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2013A summary
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||
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Tons sold
(000s tons)
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CAPP thermal
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--
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Midwest thermal
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--
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Metallurgical
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--
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Specialty
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279
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Stoker
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--
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PCI
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--
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Avg. revenue/ton (US$)
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$86.47
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Avg. cost/ton (US$)
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$69.82
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Complex EBITDA (US$m)
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$4.6
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ARO (US$m as of 12/31/2013)
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$4.5
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Coal quality (tons sold)
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|||||
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Hignite
(gasifier coal)
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Hignite 1 (Ky.) (thermal coal)
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Moisture
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5.22
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4.44
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Ash (%)
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As rec’d
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7.04
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3.64
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Dry
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7.43
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3.81
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BTU
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As rec’d
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13,209
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14,133
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Dry
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13,937
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14,790
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Sulfur (%)
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As rec’d
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2.73
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0.80
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Dry
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2.88
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0.84
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Fluidity (DDPM)
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NA
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30,000
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|||
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Deutsche Bank
Corporate Banking & Securities
|
6 |
McCoy Elkhorn
The McCoy Elkhorn complex is located in Pike and Floyd counties in eastern Kentucky. The underground mines use room and pillar mining and the surface mines use the contour mining method to produce CAPP thermal and stoker coal. The McCoy Elkhorn complex was idled in 2013.
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Complex summary
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Location
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Kentucky
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Reserves (12/31/12)
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47 million tons
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Preparation plants
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Burke plant: 750 raw TPH
Bevins Branch #1: 800 raw TPH
Bevins Branch #2: 500 raw TPH
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Loadouts
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Burke: CSX rail line; 4-hour, 110 cars
Bevins Branch: CSX rail line; 4-hour, 110 cars
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Key customers
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Georgia Power, Southern App / ROVA, Eastman
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2013A summary
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||
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Tons sold
(000s tons)
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CAPP thermal
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--
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Midwest thermal
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782
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Metallurgical
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--
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Specialty
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--
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Stoker
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25
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PCI
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--
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Avg. revenue/ton (US$)
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$71.02
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Avg. cost/ton (US$)
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$97.13
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Complex EBITDA (US$m)
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($21.1)
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ARO (US$m as of 12/31/2013)
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$12.6
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Coal quality (tons sold)
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|||||
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Burke
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Bevins Branch
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||||
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Moisture
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8.19
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6.07
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Ash (%)
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As rec’d
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6.24
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8.23
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Dry
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6.81
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8.77
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|||
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BTU
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As rec’d
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NA
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12,855
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Dry
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NA
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13,684
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Sulfur (%)
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As rec’d
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0.76
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1.12
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Dry
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0.82
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1.19
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|||
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Fluidity (DDPM)
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30,000
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NA
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|||
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Deutsche Bank
Corporate Banking & Securities
|
7 |
Bledsoe
The Bledsoe complex is located in Leslie and Harlan counties in eastern Kentucky. The underground mines use room and pillar mining and the surface mines use contour and highwall mining methods to produce CAPP thermal coal. The Bledsoe complex was idled in 2013.
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Complex summary
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Location
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Kentucky
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Reserves (12/31/12)
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56 million tons
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Preparation plants
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BL 1: 650 raw TPH
Shamrock: 1,400 TPH
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Loadouts
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Clover: CSX rail line; 4-hour, 110 cars
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Key customers
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Georgia Power, Santee Cooper
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2013A summary
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||
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Tons sold
(000s tons)
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CAPP thermal
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412
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Midwest thermal
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--
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Metallurgical
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--
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Specialty
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--
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Stoker
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108
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PCI
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--
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Avg. revenue/ton (US$)
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$79.24
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Avg. cost/ton (US$)
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$117.65
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Complex EBITDA (US$m)
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($20.0)
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ARO (US$m as of 12/31/2013)
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$16.8
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Coal quality (tons sold)
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|||
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Clover
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|||
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Moisture
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5.59
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Ash (%)
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As rec’d
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8.37
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Dry
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8.88
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||
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BTU
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As rec’d
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12,953
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Dry
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13,720
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Sulfur (%)
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As rec’d
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1.25
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Dry
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1.32
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||
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Fluidity (DDPM)
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NA
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||
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Deutsche Bank
Corporate Banking & Securities
|
8 |
Triad
The Triad complex is located in Pike and Knox counties in southern Indiana. The underground mines use room and pillar mining and the surface mines use the contour mining method to produce Midwest thermal coal.
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Complex summary
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Location
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Indiana
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Reserves (12/31/12)
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42 million tons
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Preparation plants
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Freelandville: 400 raw TPH
Log Creek: 600 raw TPH
Patoka River: 400 raw TPH ‒ idle
Augusta: 250 raw TPH ‒ idle
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Loadouts
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Log Creek: NS rail line; 4-hour, 100 cars
Switz City: IRR rail line; 5-hour, 50 cars
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Key customers
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LG&E / KU, IP&L, DTE
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|
2013A summary
|
||
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Tons sold
(000s tons)
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CAPP thermal
|
--
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Midwest thermal
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2,341
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Metallurgical
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--
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Specialty
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--
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Stoker
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--
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PCI
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--
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Avg. revenue/ton (US$)
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$45.36
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Avg. cost/ton (US$)
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$36.55
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Complex EBITDA (US$m)
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$20.6
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ARO (US$m as of 12/31/2013)
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$10.2
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|
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Coal quality (tons sold)
|
|||||
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Log Creek
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Freelandville
|
||||
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Moisture
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13.30
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14.00
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|||
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Ash (%)
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As rec’d
|
9.80
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9.00
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||
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Dry
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11.30
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10.50
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|||
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BTU
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As rec’d
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11,300
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11,300
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||
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Dry
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13,030
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13,140
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|||
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Sulfur (%)
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As rec’d
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3.49
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3.53
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||
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Dry
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4.02
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4.10
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|||
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Fluidity (DDPM)
|
NA
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NA
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|||
|
Deutsche Bank
Corporate Banking & Securities
|
9 |