Drummond Company

Drummond Company
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]

Contents

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.

Controversy

In 2001 masked gunmen assassinated union leaders Victor Orcasita and Valmore Locarno at a Drummond mine in Colombia. Families of the victims accused the company of involvement. A senior former officer of Colombia’s executive intelligence agency reported witnessing Drummond’s top official in the country paying the assassins with a large suitcase of cash.[2]

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]

See also

Estate of Rodriquez v. Drummond Co.

References

  1. ^ Drummond Company on Yahoo Finance
  2. ^ [1]

External links


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