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Agenda Overview

DAY ONE: Thursday - February 6, 2014


08:30 Registration & coffee


09:30 Welcome and Opening Remarks

Henry Hely Hutchinson, Managing Director, Coaltrans Conferences Ltd




09:40 Chair’s opening remarks

Paul Reagan, President, Sampling Associates International


09:50 Putting coal into context

Kevin Crutchfield, Chairman and CEO, Alpha Natural Resources


10.10 New horizons for U.S met coal?

·         Identifying the key challenges and opportunities U.S met coal producers face

·         Overcoming current challenges

·         Exploring the opportunities for U.S. met coal in Asia

Ernie Thrasher, CEO & Chief Marketing Officer, XCoal Energy & Resources


10:30 Leading the way in portfolio diversification – Coal and Gas

J. Brett Harvey, Chairman & CEO, CONSOL Energy


10:50 Questions and answers


11:00 Networking refreshment break    Hosted by SAI




11:30 Chair’s opening remarks

Paul Reagan, President, Sampling Associates International


11:40 U.S. producers on the global and domestic cost curve

·         Global cost competition

·         Where does the U.S. fit today on the global cost curve?

·         What cost inflation pressures do global producers face? What are they doing to control costs?

·         What will the global cost curve look like in the future?

·         Regional cost competition

·         Where do the basins and producers fit on the U.S. cost curve?

·         What can U.S. producers do to meaningfully improve their cost position, both in terms of cash costs (labor, procured spend, G&A) and capital?

Nathan Flesher, Director of Operations, McKinsey & Company Inc.



·         Where does/will the US fit in the international supply?

·         Co-fuels: Blending of coal and petcoke – Why do we still do it and how is it going to affect exports?

·         Bankruptcies – What happens next?

·         Cost management – productivity improvements and cost structure

·         What are the challenges to maintaining competitiveness?

·         What is the future for the USA’s coal sector?



Adam Anderson, Director Marketing/Sales, Armstrong Coal

Bill Bissett, President, Kentucky Coal Association

Chris Rogers, Senior Trader, Freepoint Commodities


12:40 Networking lunch    Hosted by  United Bulk Terminals




14.10 Chair’s opening remarks

Emily Medine, Principal, Energy Venture Analysis


14.20 Coal in context

·         Gas vs. coal vs. renewables – Negotiating an economical and sustainable energy supply

·         How is shale gas development impacting on decisions for utility companies?

·         US emissions legislation and impact on energy supply choices

Robert Stall, Principal, Ernst & Young



·         How utilities manage coal procurement given the volatility in coal burn and producer/transport desire for rateable deliveries?

·         Changing face of US power generation: Where does coal fit in this picture?

·         Strategies for improving coal plant dispatch and for avoiding being over or under contracted

·         How to deal with financially marginal suppliers

·         Impacts of new environmental requirements on coal selection (sulfur, mercury, chlorine, etc.)

·         Utility flexibility in switching between coal suppliers and coal supply regions? (How quickly? How much?)

·         Differences between merchant and regulated power in fuel procurement.




Mark S. Fraley, Manager, Transportation, Procurement – Fuels Department, FirstEnergy Solutions

Henry Baumann, Director - Coal Supply and Transportation East, PPL Energy Plus LLC

Greg Workman, Director – Fuels, Dominion Resources

Virginia Farrow, Portfolio Director Coal and Transportation, NRG Energy

Karen Bramley, Manager, TECO Energy

John P. Carr, Vice President-Strategic Planning, Dairyland Power


15:30 Networking refreshment break  Hosted by SAI




16:00 Chair’s opening remarks

Ernie Thrasher, CEO & Chief Marketing Officer, XCoal Energy & Resources


16:10 Outlook for global met coal markets

·         Outlook for 2014E

·         Rebound in sight? Price have recovered from sub $130 and are forecasted to reach $150-170/t over the next few years

·         Key market for development and growth: who are the next buyers of U.S. coal?

·         Steel pricing dynamics

·         What is the potential for imported coking coals being a competitive option in the blend?

·         Will the railroads cooperate?

·         What are the economics?

Timna Tanners, Research Analyst, Bank of America Merrill Lynch


16:30 Where next for the met coal markets?

·         Understanding price fluctuations and the implications of increased sensitivity on price assumptions for U.S. producers

·         Advantages of using US met coal with current price outlook?

·         What is the strategic benefit of buying US met coal?

·         Looking back on vertical integration: controlling material costs vs. enterprise value

·         Challenges for U.S. coal production in an international context

·         Managing the sourcing of metallurgical coal and iron ore

·         Is an alternative price model the next step in the US?

·         Quarterly/index linked pricing?

·         Pricing tied to hot rolled coil?

·         Hybrid fixed and index linked pricing?



Cyril Martinand, Division Manager – Procurement – Solid Fuels, ArcelorMittal USA LLC

Mike Nobis, Director of Coal Trading, DTE Coal Trading

Ross Allen, Vice President – Business Development, Argus

Mike Grim, Vice President, Oremco Inc.

Mike Hardesty, SVP Sales & Commercial Operations, SunCoke Energy


17:10 End of Day One


                                                              EVENING RECEPTION - 18:30 – late          

Ritz Carlton in Key Biscayne

455 Grand Bay Dr., Key Biscayne, Miami, Florida 33149

Buses will be provided to and from the venue (JW Marriott Marquis Hotel) from 18.00 at regular intervals

Join us at this hugely-popular and lavish reception, generously hosted by our platinum sponsor, XCoal Energy & Resources, to cement existing partnerships and develop fruitful new relationships.


DAY TWO: Friday - February 7, 2014


08:30 Welcome coffee


09:00 Welcome and Opening Remarks

Margaux Klein, Conference Producer, Coaltrans Conferences Ltd




09:10 Chair’s opening remarks

Brian Miles, Vice President Sales, United Bulk Terminals


09:20 Natural gas: Debunking the myths

·         What is the long term gas capacity of the USA

·         Understanding gas fundamentals

·         Will gas be exported?

·         Examining the gas and coal synergies

·         Shale gas: understanding gas companies’ rational and what to expect

·         What can we learn from the gas industry?

·         Are coal and gas pricing functions of one another?

·         Actual cost of wells and what prices do they need to make it work?

John Corrigan, Partner, Booz & Co


09:40 PANEL DISCUSSION - Hear from the International thermal coal buyers

·         Examining coal movements and procurement strategies

·         What are the key challenges facing Europe’s thermal coal buyers?

·         Is coal staging a comeback on the EU utilities scene?

·         Examining stockpiles levels

·         International logistics: rail & export shipment

·         European energy policies: are utilities entering a consolidation phase?

·         How cost-effective is coal compared to other energy sources?



Jose Simon Buela, Director Gas Procurement, Coal and Carbon, Iberdrola

David Docker, Head of Fuel Procurement, Drax Power Station

Javier Perez Maroto, Head of Coal and Freight, Endesa


10:25 Networking refreshment break  Hosted by by SunCoke Energy




10:55 Chair’s opening remarks

Matthew Anderson, Executive Director, Mizuho Securities USA


11:05 Not everyone is losing, strategies for smart investments

·         Private Equity: Pros and cons as a source of funding

·         Reflecting on the lessons to learn to rebuild a leaner industry

·         Taking advantage of opportunities that stem from market cycles

Kurt Oehlberg, Managing Director, FBR



·         Is vertical integration to ensure raw material supply the best strategy?

·         Private equity funds’ perspective on investment opportunities in the coal space – Competitive advantage of coal

·         An examination of the future of infrastructure investments

·         Industry consolidation – What does this mean in terms of investment opportunities?

·         Dealing with price volatility

·         Investment risk among various parties: producers, customers and midstream players



Roy Hinkamper, US Mining Industry Leader, KPMG

Gary Rogliano, Chief Executive Officer, NRI Management Group LLC

Michael S Dudas, CFA, Sterne Agee & Leach

Kerry McKeon, Managing Director, Stifel

Jamie Heller, President, Hellerworx


12:05 Closing remarks

12:20 Farewell Lunch hosted by SunCoke Energy
Join us for lunch to reflect on the lessons learned at the event before heading to the airport for your flight or enjoying an afternoon in the Miami sun!