Self-study: Coal Mining Industry Financial Health Overview

This program provides a concise summary of the current financial condition of the coal mining industry in North America and issues of particular interest to advisors of distressed businesses in this and related industries. The topics addressed include: overview of the coal industry; types and uses of coal; current issues impacting volume and pricing; cost issues including labor, pension, and OPEB costs; reclamation and remediation costs; environmental regulations; and legal considerations in bankruptcy proceedings. The recorded presentation is in panel format with Question and Answer session with the audience. Based on the live webinar of November 5, 2014.

Learning Objectives
After completing this program, participants will be able to:

  1. List and define the types of coal and explain their uses.
  2. Discuss the market dynamics that impact pricing and demand.
  3. Identify and discuss the environmental laws impacting the mining and use of coal.
  4. Provide an elaborated outline of the coal mining industry’s concerns regarding labor costs, including health and pension costs.
  5. Identify and discuss bankruptcy issues that arise in the coal mining industry.

INSTRUCTORS
Ed Ordway, CIRA
Managing Member | Capstone Advisory Group (Moderator)

Ed specializes in providing financial restructuring advisory and investigative services to companies, creditors, equity holders and third–party purchasers in the workout and financial communities. He has also served as a court appointed examiner, as a trustee, and has provided expert testimony concerning bankruptcy matters. Prior to co–founding Capstone, he was a Senior Managing Director at the Policano & Manzo legacy practice at FTI Consulting for fourteen years, most recently as co–leader of FTI's national restructuring practice. Ed is a Certified Insolvency and Restructuring Advisor and a member of AIRA's board of directors.
Peter Chadwick
Executive Director | Capstone Advisory Group

Peter has served as Chief Restructuring Officer, Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, and Advisor to companies in a variety of industries. He has extensive experience in leading restructurings in manufacturing, production and construction, including renegotiating contracts with OEMs and creditors, effectuating sale transactions, and preparing business plans based upon his manufacturing rationalization studies, operational restructuring plans and global sourcing and distribution analyses. He has also served as Trustee or advisor to the trustee in Chrysler, Omni Facilities, Game Trading Technologies and Collins & Aikman.
David Hillman
Partner | Schulte Roth & Zabel LLP

David M. Hillman is a partner at Schulte Roth & Zabel, where he practices corporate restructuring and creditors' rights litigation, with an emphasis on the representation of secured and unsecured creditors and other parties in Chapter 11 bankruptcy cases in various industries including coal and energy. He has significant experience litigating issues involving solvency, valuation, plan confirmation, financing and cash collateral disputes, contested 363 sales, fraudulent transfers, preferences, equitable subordination, recharacterization, substantive consolidation, breach of fiduciary duty and similar disputes.
Karen Park
Associate | Schulte Roth & Zabel LLP

Karen represents investment funds and private equity firms as investors and creditors in Chapter 11 cases and out–of–court restructurings, advising clients on investment strategies, capital structure reviews, financings, and distressed asset acquisitions. Her experience includes financial investments, real estate, gaming, and the automotive, natural resource and manufacturing sectors. A number of Karen's cases have also involved cross-border issues. She received an M.B.A. from Columbia Business School in 2014. Articles published include "Hot Topics in Coal Company Bankruptcies", SRZ Guide, June 2014 (co–author); republished in Bloomberg BNA — Bankruptcy Law Reporter, Aug. 21, 2014.
Price $65
CPE Credit Recommended, 1 CPE Credit hour(s), field of study—Specialized Knowledge & Applications
Knowledge level Basic—Most beneficial to CPAs and other financial advisors new to a skill or attribute, including individuals at staff or entry level in an organization as well as seasoned professionals who desire increased knowledge in the subject matter.
Additional Info Online registration and payment of fee will allow materials to be shipped to participant’s address and participant to submit request for CPE credit after completing the requirements (instructions enclosed with materials). Presenters’ PowerPoint slides for reference are included with materials. If unable to register online, participants may call AIRA’s office at (541) 858-1665 to order.
Format CD (Audio/Video) with Manual
Prerequisites None
Advance prep None

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Refunds:

Requests for refunds must be received within 10 days after receipt of course subject to a $25 cancellation fee and return of all materials in good condition.

Questions and Complaints Resolution

For assistance or questions regarding refund, complaint and/or program cancellation policies, please contact our offices at 541.858.1665. For additional questions or for resolution of any complaint send email to Thomas Morrow, Executive Director, tmorrow@aira.org

National Registry of CPE Sponsors

"Association of Insolvency and Restructuring Advisors" is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.