Arch Coal (NYSE: ACI) said April 26 that Paul Lang has been elected executive vice president and COO, moving up from the previous position of executive vice president, operations.
Lang will report to John Eaves, who was recently elected as president and CEO. Since joining Arch in 1984, Lang has held various engineering, operations and management positions in both the eastern and western U.S., including president and general manager of Arch’s Powder River Basin and southern Wyoming operations from 1998 to 2005.
“Paul has a successful 28-year track record of driving operational excellence at Arch Coal,” said Eaves. “I can think of no better leader than Paul to succeed me as chief operating officer.”
Also, the board of directors of Arch has decided to rename Arch’s Tygart Valley #1 mine in northern West Virginia. It will will now be called the Leer mine in recognition of Steven Leer, who was elected executive chairman of Arch’s board on April 26 after two decades with the company as CEO.
“We wanted to honor Steve for two decades of exceptional service and leadership,” said Arch Lead Director James Boyd. “It is fitting to name this brand-new, world-class mining complex in honor of Steve and his vision of safety excellence, environmental stewardship and strategic growth. We view the Leer Mine as one of Arch’s most exciting new growth projects and an integral part of our company’s future.”
The new Leer mine is a metallurgical coal operation currently under development in Taylor County, W.Va. With the startup of the longwall in mid 2013, the Leer mine is expected to produce 3.5 million tons of premium metallurgical coal annually for sale to overseas and domestic steel producers. The mine, obtained in a June 2011 purchase of International Coal Group, will have more than 300 employees. Arch has also indicated that this will be the first mine in what will eventually be a multi-mine complex.
St. Louis-based Arch Coal is a top five global coal producer and marketer, with 155 million tons of coal sold in 2011. Arch is the most diversified American coal company, with more than 20 active mining complexes across every major U.S. coal supply basin.