Nacco Industries Inc - Company Profile
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Business Description
NACCO Industries Inc (NACCO), a holding company for the North American Coal Corporation (NACoal), mines coal primarily for use in power generation. It also provides value-added services for natural resource companies. The company mainly operates the surface mines that supplies coal mainly to power generation companies under long-term contracts. In addition, its North American Mining (NAM) business maintains and operates drag lines and other equipment under contracts with sellers of aggregates. NACoal operates coal mines in North Dakota, Mississippi, Texas, Louisiana, and New Mexico. As of December 2022,, NACoal had total 13.6 thousand gross acres and 880 net royalty acres. The company operates through four segments: Coal Mining, North American Mining (NAMining), Minerals Management and Unallocated Items.
Business Segments
Overview
Operates surface coal mines under long-term contracts with power generation companies and activated carbon producers pursuant to a service-based business model.
Performance
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Overview
Provides value-added contract mining and other services for producers of aggregates, lithium and other minerals.
Performance
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Overview
Promotes the development of the company’s oil, gas and coal reserves.
Performance
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Performance
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