Chris Cline, the self-made billionaire coal baron who ran one of the nation's top-productive mining firms, died in a Fourth of July helicopter crash just one day before he would have turned 61. According to The Associated Press, the entrepreneur boarded an ill-fated flight from the Big Grand Cay in the Bahamas to Fort Lauderdale, Florida.

Coal tycoon Chris Cline, who worked his way out of West ia's underground mines to amass a fortune and become a major Republican donor, has died in a helicopter crash outside a string of ...

He was previously known for shifting his focus from Appalachia coal mines just as prospects were tilting to the Illinois Basin's favor around 2005. In July 2015, …

According to Foresight Energy's web page, Cline, who was born in Beckley, West ia, on July 5, 1958, began his career in the coal industry in 1980 at the age of 22.. He had followed his ...

In 2003, the Cline Group sold its mature mining and processing concerns in Appalachia to focus on new opportunities in the Illinois Basin. Cline anticipated renewed interest in high sulfur, high ...

Chris Cline (July 5, 1958 – July 4, 2019) was an American billionaire entrepreneur and philanthropist. He had been the majority owner of Foresight Reserves LP, headquartered in St. Louis, Missouri. [1] Regarded by Bloomberg as the "New King Coal", [2] Cline was considered to have been responsible for reviving the Illinois coal industry. His company …

Chris Cline is an American coal mining entrepreneur and philanthropist. He is the founder and CEO of Cline Mining Corporation, a coal mining and development company based in Beckley, West ia. ... Cline, who spent $300 million on mining rights and equipment in Illinois in the 1990s, had foreseen that the United States Environmental ...

Chris Cline comes from a coal mining family in Beckley, West ia. His grandfather mined coal with a pickax a century ago. His father would pay young Chris a penny a bag to excavate dirt from under the front porch. ... It is one of four mines in Illinois owned by Chris Cline and his Foresight Energy company (which he formed in 2006 ...

Chris Cline is a mining entrepreneur and humanitarian. He owns the majority shares of the Foresight Reserves. Known as the 'New King Coal' he is credited for the revival of the Illinois coal industry. With a net worth …

Christopher Cline, the billionaire coal tycoon best known for reviving the Illinois mining industry and making a fortune doing it, died in a helicopter crash Thursday.

(Bloomberg)—Christopher Cline, the billionaire coal tycoon best known for reviving Illinois' mining industry and making a fortune doing it, died in a helicopter crash Thursday. Cline died...

Chris Cline's Foresight Energy is a bright spot in America's depressed coal industry. ... So Cline started buying Illinois Basin coal, acquiring mines from the likes of U.S. Steel and Exxon ...

According to Bloomberg, ArcLight and Turner were involved in purchasing Cline's West ia mines as part of larger Magnum play (forerunner to Pat Coal), …

Don't tell that to billionaire Chris Cline, who's building a mining empire based on the dirtiest fuel that he's convinced has a bright future. ... His Illinois mines took business from Appalachia ...

Chris Cline Biography - Chris Cline is a mining entrepreneur and humanitarian. He owns the majority shares of the Foresight Reserves. Known as the 'New King Coal' he is credited ... Cline spent 300 million …

Chris Cline's name may be associated with Tiger Woods' ex-wife Elin Nordegren, ... Three of these are the most productive mines in the Illinois Basin based on tons mined per man-hour. For the top ...

The company was founded by Chris Cline, a coal magnate from West ia who bought mineral rights in Illinois within the last decade. Phil Gonet, president of the Illinois Coal Association, said that he expects Foresight to become the biggest coal producer in the state within a year. Foresight is already a big player in funding politicians.

Cline, who was well known for his efforts to revive Illinois' mining industry, tragically died in a helicopter crash in the Bahamas, along with his daughter Kameron and five others. Foresight Energy, which Cline founded in 2006 to manage his Illinois Basin coal rights, published losses in its last-quarter earnings in August 2019.

According to a story in the Chicago Tribune, the cost of mining Illinois coal is 40-50 percent lower than Appalachian coal.. Perhaps emboldened by his success in gauging the coal industry, Cline now has his sights on a new commodity, taconite. His subsidiary GTAC is planning to dig the largest open pit iron ore mine in the country in …

Cline grew up in a coal family – his father and grandfather worked at mines. He started working as an underground miner in West ia in 1980 at age 22, and a decade later founded his energy ...

Former Foresight Energy LP President and CEO Michael Beyer will take the lead of another Chris Cline coal project. Beyer, who helmed Illinois Basin coal miner Foresight Energy from 2006 to 2015, was appointed CEO of Cutlass Collieries LLC, a U.S. company with two mine operations in Canada. ... The company began acquiring Illinois …

The Cline Group, headed by self-made billionaire and coal mining magnate Chris Cline, is one of the top 20 coal producers in the US, with a capacity of about 10 million tons per year.

The Times reports Cline became known as the "King of Coal," and spent a lifetime creating a career in the energy industry. According to Forbes, Cline supplied cheap coal at his company, Foresight Energy. By 2008, he was managing four mines that produced 13 tons of coal per hour — the highest output of all the U.S. coal mines.

Chris Cline, owner of Foresight Energy LLC, poses in Foresight Energy LLC's Shay coal mine in Carlinville, Illinois. ... The next day, he decided to spend $300 million for mining rights, land and ...

CHARLESTON, W.Va. — Coal tycoon Chris Cline, who worked his way out of West ia's underground mines to amass a fortune and become a major Republican donor, has died in a helicopter crash ...

A new trend in mergers and acquisitions in the natural resources sector was recently consummated after Canada's largest miner Teck Resources finally agreed to sell a major portion of its coal business to Swiss mining …

Chris Cline became a billionaire through his investments in Illinois coal mines. His privately held Foresight Energy is rolling in profits while other coal companies are failing.

Foresight Reserves LLC is a private company primarily owned by Chris Cline. Cline estimates that mining rights to his 4 billion tons of Illinois coal are worth at least $3 billion. Dennis Kostic, president of the consulting firm International, puts the value at $4 billion. Cline exports 40 percent of his coal, mainly to Europe, and increasingly to China …

Chris Cline was raised a stone's throw from the train tracks in the coalfields of Beckley, West ia. ... Cline shifted his attention from Appalachia to the Illinois Basin, founding Foresight Energy and developing some of the largest, most productive mines in the region. Through the Cline Family Foundation, founded in 2009, Cline …