Drummond
Every day, on every project, at every level of this company, we are committed to our employees, our customers, the communities where we operate, and the globalenvironment.
1935: H.E. Drummond began the H.E. Drummond Coal Company in Sipsey, Alabama, as a coal provider for farms and households. He took a loan for $300 from Walker County Bank in Jasper,Alabama, using three mules as collateral on the note.
1956: H.E. Drummond passed away and his coal company was passed to the second generation of Drummond family members. Don Drummond was named President,Segal Drummond was named the VP of Sales and Finance. The company was financed through a $50,000 life insurance payment and a $240,000 small business association loan.
1960-1970: Annual productiongrew from 200,000 annual tons to 1,500,000 annual tons. Drummond purchased Kellerman Mining Co. and established our first sales agreement with Japan.
1976: Drummond signed a two-million annual-toncontract for 15 years with Alabama Power for Plant Miller. To fulfill this contract, the company purchased three 115 cubic yard draglines.
1993-1995: Drummond expanded operations into Colombia and beganconstruction of a mine and port. The first international coal production occurred in 1995.
1997-2009: In 1997, Drummond acquired El Descanso mining concession, which included more than 1.7 billion tonsof reserves. Drummond initiated the production phase for El Descanso Block in 2009 after completion of all due diligence and land preparation.
2011: ITOCHU Corporation became a 20% partner in...
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