Randall W. Atkins Elected as Chairman of the International Energy Agency's Coal Industry Advisory Board
Ramaco Resources (NASDAQ: METC, METCB) announced that Chairman and Chief Executive Officer Randall W. Atkins was elected chairman of the International Energy Agency's Coal Industry Advisory Board.
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Ramaco Resources (NASDAQ: METC, METCB) announced that Chairman and Chief Executive Officer Randall W. Atkins was elected chairman of the International Energy Agency's Coal Industry Advisory Board.
Both the board's Executive Committee and its full membership voted unanimously for Atkins. The Paris-based advisory board provides industry perspectives to the IEA on coal, energy security, technology and critical minerals. Ramaco Vice Chairman Evan Jenkins, designated by Atkins as his Associate Member, will also become chair of the CIAB Associate Members.
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Atkins was elected for the chairmanship by a unanimous vote of both the CIAB Executive Committee and its full membership, reflecting the CIAB's strong support for his leadership and experience in the international coal, energy and critical minerals sectors.
The CIAB, created in 1979, is the oldest advisory board of the IEA and brings together senior leaders from the global coal, power and critical mineral industries to provide industry perspectives and advice to the International Energy Agency on issues involving coal, energy security, power, technology, markets, critical minerals and related governmental policy.
"I am deeply honored by the confidence of my CIAB colleagues and especially grateful for their unanimous support to work with them advising in the IEA on matters of importance on our industry," said Atkins. "The world has entered a period in which energy, power, electrification and mineral security are both intertwined and of increasingly vital importance. Coal must continue to play its historically essential role in global steelmaking and energy production. At the same time, new technologies are also creating opportunities for coal to serve as a source of rare earths and critical minerals as well as a feedstock for higher value advanced carbon products. I keenly look forward to working with the IEA and my colleagues on the CIAB to advance a thoughtful discussion about coal's evolving role and its continued critical importance in the energy dialogue."
The CIAB chairmanship also expands Atkins' prior role in national and international energy policy. Atkins previously served as the immediate past Chairman of the
Atkins brings more than 40 years of experience in energy and commodity-related development, investment and financing to his new role. He is a founder of Ramaco and serves as Chairman and Chief Executive Officer. Before forming Ramaco, Atkins was a banker with J.P. Morgan & Co. and held a variety of investment banking and private equity positions focused on the mining and energy industries.
His career has increasingly focused on expanding the strategic role of coal beyond its traditional markets to include advanced carbon products, rare earth elements and critical minerals. He has testified before the energy committees of both
The CIAB structure provides for each Board member to designate an Associate Member who works alongside the member and participates in the activities and work of the Board.
Atkins has designated Ramaco Vice Chairman Evan Jenkins as his Associate Member. As a result of Atkins assuming the chairmanship of the CIAB,
"Randy's unanimous election by the Executive Committee and full membership is an important recognition of both his leadership and his vision for the future of coal," said
ABOUT THE IEA COAL INDUSTRY ADVISORY BOARD
The Coal Industry Advisory Board was established by the International Energy Agency in 1979. The CIAB provides industry expertise and advice to the IEA, with a current focus that includes reliable and affordable energy, the energy transition, grid stability, carbon capture, utilization and storage (CCUS) and critical minerals.
ABOUT RAMACO RESOURCES
Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia and exploring a coal, rare earth and other critical minerals project in Wyoming. The Company's executive offices are located in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth element and other critical mineral exploration stage property near Sheridan, Wyoming (the "Brook Mine"). The Brook Mine remains an exploration stage property, and no assurance can be given that it will be successfully developed into a commercial scale mine or that any inferred mineral resources estimated will be converted into higher confidence mineral resources or eventually mineral reserves. Contiguous to the Brook Mine, the Company operates a carbon research facility related to the potential production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of more than 70 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at https://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455 or info@ramacometc.com.
POINT OF CONTACT
INVESTOR RELATIONS:
George Cpin
VP, Finance & Investor Relations
info@ramacometc.com or 859-244-7455
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SOURCE Ramaco Resources, Inc.