Foresight Energy is a leading producer of thermal coal with reserves in the Illinois Basin. With over 2 billion tons of coal reserves, we believe we are among the largest holders of coal reserves in the United States. Our reserves are sufficient to support over 75 years of production at our current production level.
We operate our three active mining complexes with longwall mining systems. This highly productive mining method coupled with the favorable geology of our coal has resulted in our mines being among the safest, most productive and lowest cost underground coal mines in the United States.
Our mining complexes (Williamson, Sugar Camp, and Hillsboro) are designed to support up to 7 longwall mining systems, with a combined productive capacity of up to 50 million tons of high Btu coal per year.
Our reserves and mines are strategically located near multiple rail and river transportation access points giving us multiple transportation options. Our access to competing rail carriers as well as access to truck and barge transport provides us with cost-competitive flexibility. We own a 25 million ton per year barge-loading river terminal on the Ohio River and have access to export terminal facilities in the Gulf of Mexico.
Our low operating costs, competitive transportation rates and high heat content of our coal enable us to be cost competitive on a delivered cost per Btu to a wide variety of domestic and international markets. We have been exporting coal through ports near New Orleans, Louisiana and Mobile, Alabama since 2008 to Europe, South America, India, China, Africa, and the Middle East.
Robert D. Moore
President and Chief Executive Officer
Mr. Moore has more than 30 years of experience in management, operations, finance, accounting, and acquisitions in the coal industry. He has been our President and Chief Executive Officer since May 2015 and is Chairman of our Board of Managers. Mr. Moore also serves as President and Chief Executive Officer of American Consolidated Natural Resources, Inc. Prior to his role at American Consolidated Natural Resources, Inc., Mr. Moore held a number of executive and senior management positions at Murray Energy Corporation, including Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer. During his tenure at Murray Energy Corporation, Mr. 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. Mr. Moore received his Bachelor of Science degree from The Ohio State University in Accounting and Finance, his Certified Public Accountant certification from the State of Ohio, and his Master of Business Administration from The Ohio State University.
Jeremy J. Harrison
Chief Financial Officer
Mr. Harrison is our Chief Financial Officer and has served as an executive of Foresight Energy since September 2017. Mr. Harrison also serves as the Chief Financial Officer of American Consolidated Natural Resources, Inc. From 2015 to 2020, Mr. Harrison held various executive accounting and finance positions with Murray Energy Corporation. Prior to his position at Murray Energy Corporation, Mr. Harrison was a senior manager at a Cleveland, Ohio based public accounting firm specializing in the mining, manufacturing, and construction industries. Mr. Harrison is a Certified Public Accountant and received his Bachelor of Science in Business Administration and his Masters of Business Administration from John Carroll University.
We are committed to being an exemplary member of the global community by following responsible mining and business practices. To demonstrate a commitment to responsible mining, we have joined Bettercoal, an organization which assesses the performance of coal mining companies in regards to Bettercoal’s internationally recognized standards. As part of the Bettercoal assessment process, Foresight Energy received high marks while being assessed on various subject matters, such as human rights, business ethics, responsible use of natural resources, pollution prevention, and biodiversity and ecosystem services. To further our commitment to responsible mining practices, Foresight Energy supports and adheres to the twelve principles of the Extractive Industries Transparency Initiative (EITI). Furthermore, Foresight Energy is committed to the highest standards of ethical business conduct. For instance, we screen business partners for potential conflicts of interest and ethical concerns, as well as, require employees to annually review the Code of Business Conduct and Ethics (Code of Business Conduct and Ethics).