We are the largest private-sector coal company in the world. During the year ended December 31, 2006, we sold 247.6 million tons of coal. During this period, we sold coal to over 400 electricity generating and industrial plants in 20 countries. Our coal products fuel approximately 10% of all U.S. electricity generation and 2% of worldwide electricity generation. At December 31, 2006, we had 10.2 billion tons of proven and probable coal reserves.

      We own majority interests in 40 coal operations located throughout all major U.S. coal producing regions and in Australia. Additionally, we...