Jeff Jarrett - Department of Energy
Jeff Jarrett is Assistant Secretary for Fossil Energy. According to whitehouse.gov: Before his service as the Director of the Office of Surface Mining, Reclamation & Enforcement within the Department of Interior, Mr. Jarrett served as... [more]
Jeff Jarrett is Assistant Secretary for Fossil Energy. According to whitehouse.gov: Before his service as the Director of the Office of Surface Mining, Reclamation & Enforcement within the Department of Interior, Mr. Jarrett served as the Deputy Secretary for Mineral Resource Management in the Pennsylvania Department of Environmental Protection and was previously the Director of the Bureau of District Mining Operations. From 1987 to 1994, Jeff was the Deputy Assistant Director of the Office of Surface Mining at the Department of the Interior. He served with Cravat Coal Company and Affiliates from 1975 to 1987, excluding one year with the Drummond Company. From 1985 to 1987 he was Director of Planning and Evaluation for Cravat Coal Company, from 1979 to 1985 he was General Manager of the Company's Bluegrass Mining Division and from 1975 to 1978 he was the Director of Reclamation. Jeff received an Associate Degree in Land Stabilization and Reclamation from Belmont Technical College and received a B.S. from Geneva College.
UNITED KINGDOM: U.K. Coal Shares Rise Most in Seven Years on Approach
Austria's Meinl International Power Ltd., asked for a meeting with U.K. Coal or its advisers in 2008, the Sunday Times said yesterday, citing a letter Meinl sent to the mining company. Discussions aren't expected, Doncaster, England-based U.K. Coal said today in a statement distributed by the Regulatory News Service. It didn't identify who made the approach.
``There's a lot of value to be had from the mining business and I'm not certain an offer would reflect that potential,'' Charles Kernot, an analyst at Seymour Pierce in London, said in an interview. ``U.K. Coal has looked into splitting the property and mining businesses and concluded that it's not in the best interests of shareholders.''
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Coal prices have risen to a record in 2007 as global demand from countries including China has outstripped production growth. Supply bottlenecks at Australian ports and heavy rains in Indonesia have also constrained supplies of coal to Asia.
U.K. Coal rose 67.5 pence, or 18 percent, to 450 pence on the London Stock Exchange, the biggest one-day gain since June 14, 2000. The stock has advanced 8.2 percent this year, giving the company a market value of 707.1 million pounds ($1.4 billion).
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Karl-Heinz Grasser, Austria's former finance minister, set up Meinl International with Julius Meinl, chairman of Meinl Bank AG. U.K. Coal plans to reject the approach, the Financial Times said yesterday in a report on its Web site, without saying where it got its information.
Kernot said he values U.K. Coal's mining business at 346 million pounds, or 218 pence a share. The company operates underground and open-pit coal mines.
Chief Executive Officer Jon Lloyd is trying to expand the company's real-estate interests. U.K. Coal has 47,500 acres of land and has plans for 71 real-estate projects. including the construction of 25,000 homes and 29 million square-feet of office space on former mining sites.
A voicemail left with U.K. Coal spokesman Anthony Carlisle wasn't immediately returned. Calls to Meinl International's head office weren't answered.
U.K. Coal said in September its first-half net income more than tripled to 53.6 million pounds after an increase in the value of its real-estate portfolio.
Via: Bloomberg|Mark Herlihy
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