Chevron owns interests in and operates three coal mines and a minerals mine in the United States through our subsidiary Chevron Mining Inc.
Headquartered in Englewood, Colorado, Chevron Mining provides coal and molybdenum to customers around the world.
Coal Assets in Transition
Our coal mines are North River in Alabama, McKinley in New Mexico, and Kemmerer in Wyoming. Chevron also owns a 50 percent interest in the joint venture Youngs Creek Mining Company LLC, which was formed to develop a coal mine in northern Wyoming.
In March 2011, we signed a purchase and sale agreement for the sale of the North River Mine and other coal-related assets in Alabama. And in January 2011, we announced our intent to sell the remaining coal mining operations, including the Kemmerer Mine and Chevron's interest in Youngs Creek.
In 2010, the Mckinley Mine focused on full reclamation activities.
In 2009, the McKinley Mine donated 208 acres (0.84 sq km) of adjacent, unmined land to the Navajo Code Talkers Association for a museum and future veterans' center in recognition of the mine's longtime partnership with the Navajo Nation.
Molybdenum Adjusting to the Minerals Market
Chevron also operates a molybdenum mine in Questa, New Mexico. Molybdenum is primarily used as an alloying agent in steel. We have scaled back development and production plans at Questa due to the sharp decrease in molybdenum prices that began in 2008 and moderated in 2010.
Mine Safety
We continue to build on our record of safety. The Questa Mine and the McKinley Mine shared the 2010 Safety Innovator of the Year award, presented by the New Mexico Mining Association. The Questa Mine received an award for Rescue Response, from the New Mexico Mining Association and the New Mexico Bureau of Mine Safety.
Updated: March 2011
Cautionary Statement