Hallador Energy recently added new coal contract sales in 2018 and 2019 and is raising its projected sales target as follows: 2018: 6.2M tons sold (91% of projected sales) at ~$40 per ton. Projecting 6.8M tons for the full year. 2019: 4.7M tons sold (67% of projected sales) at ~$42 per ton. Projecting 7M tons for the full year. "Our new contracted position provides Hallador with a solid foundation of sales that should allow us going forward to exceed the 6.6M tons that were shipped in 2017. It is also very exciting that the majority of these new sales are to power plants that we have not shipped to before. I attribute a good part of our success to our new Princeton Loop on the NS Railroad and the flexibility it provides our customers," said Brent Bilsland, President and CEO of Hallador Energy
Sunrise Coal, a wholly owned subsidiary of Hallador Energy, announces the following promotions. Lawrence Martin promoted to President of Sunrise Coal. Effective November 3, Martin assumes the role of President of Sunrise Coal. Martin joined Sunrise in 2007 as CFO. In 2016, he was named CFO of Hallador Energy. Martin assumes the role from Mr. Brent Bilsland who served as Sunrise's President since July 2006. Martin will continue to remain Hallador's CFO. Heather Tryon was promoted to CFO of Sunrise Coal. Effective November 3, Tryon assumes the role of CFO of Sunrise Coal. Previously, she served as Sunrise's Controller, a position she has held since joining Sunrise in August 2014.
Changes by new CSX (CSX) CEO Hunter Harrison have caused congestion, significant delays and logistical issues for customers on the east coast forcing companies, including McDonald's (MCD) and Kellogg (K), to supplement train shipments with trucking and secondary delivery sources for materials, the Wall Street Journal reports. However, Brent Bilsland, CEO of coal producer Hallador Energy (HNRG), said service has improved in July and August saying, "The performance of the CSX has been much more precise and really, really quite good." Reference Link