North American Coal Corporation has been selected by Navajo Transitional Energy Company (NTEC) to enter into negotiations as potential new operators of the Navajo Nation owned BHP Billiton mine.
Negotiations are currently underway.
NACC, a subsidiary of NACCO Industries, mines and markets lignite, bituminous and metallurgical coal primarily as fuel for power generation and for steel production. The Corporation has been around since 1913 with corporate headquarters in Cleveland, Ohio. NACC has 1,800 employees, had revenues of $172.7 million in 2014.
On Monday, November 23, Navajo Nation President Russell Begaye was introduced to the executive team from NACC including President and CEO J.C. Butler, Jr. and mine operations President Vern Lund.