History

Years 1913-1956

  • 1913

    The Cleveland & Western Coal Company is founded in Cleveland, Ohio as a coal brokerage firm

  • 1916-17

    First underground coal mines are purchased in southern Ohio

  • 1925

    The Company’s name is changed to The North American Coal Corporation

  • 1930s-40s-50s

    The Company achieves significant growth in underground mining in Ohio, Pennsylvania and West Virginia

  • 1956

    North American Coal stock begins publicly trading over-the-counter

Years 1957-1984

  • 1957

    North American Coal purchases its first lignite coal mine in North Dakota. The mine is renamed Indian Head.

  • 1961

    The North American Coal Corporation is listed on the New York Stock Exchange

  • 1964

    The first “management fee” coal mining agreement is signed, establishing a new business model for North American Coal

  • 1960s-70s

    The Company expands coal mining in the East, while acquiring substantial lignite reserves in North Dakota and Texas

  • 1970s-80s

    Management fee contracts are signed to build Coteau’s Freedom Mine, the Falkirk Mine and the Sabine Mine, setting the course for success in large-scale surface mining

Years 1985-2000

  • 1985

    The Company diversifies with the acquisition of Yale Materials Handling Corporation

  • 1986

    NACCO Industries, Inc. is created as a multi-industry public holding company for North American Coal and Yale

  • 1988

    NACCO diversifies further through the acquisitions of WearEver/Proctor Silex, Inc. and The Kitchen Collection, Inc.

  • 1988

    North American Coal exits the Eastern underground mining business

  • 1989

    NACCO acquires Hyster Company and merges it with Yale, forming what is now Hyster-Yale Materials Handling, Inc.

  • 1990

    NACCO acquires Hamilton Beach, Inc. and merges it with Proctor Silex to form Hamilton Beach/Proctor-Silex, Inc.

  • 1994

    North American Coal diversifies into limestone mining in Florida, and subsequently creates North American Mining

  • 2000

    Mississippi Lignite Mining Company initiates operations at the Red Hills Mine

  • 2000

    North American Coal ranks as the largest lignite producer in the United States

Years 2001-present

  • 2007-2012

    A period of coal expansion begins with several new contracts to build and operate coal mines for new customers

  • 2012

    NACCO spins off its materials handling business as Hyster-Yale Materials Handling, Inc., an independent, publicly traded company on the NYSE

  • 2015

    Coal expansion continues as North American Coal enters into a new management fee mining agreement with the Navajo Transitional Energy Company

  • 2017

    North American Coal’s Freedom Mine is awarded the Sentinels of Safety Award for being the safest, large-surface coal mine in the nation in 2016

  • 2017

    Diversification continues as Mitigation Resources of North America is formed to enter the mitigation banking industry

  • 2017

    NACCO spins off its housewares business as Hamilton Beach Brands Holding Company, an independent, publicly traded company on the NYSE

  • 2017-2018

    North American Mining begins a period of expansion and becomes a key focal point in the Company’s diversification strategy

  • Present

    Pursuing a strategy of growth and diversification in Coal Mining, North American Mining and Royalties