Company: NC
Filing Date: 2025-04-07
Form Type: ARS
Source: 0000789933-25-000013
Chunk: 10

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: ARS
Chunk 10
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-term power purchase agreement. The annuity-like earnings from Coteau, Falkirk and Coyote Creek provide steady profit and cash flow over the long-term, and MLMC is expected to contribute significant cash flow over the remaining seven years of its contract. Cash flows from these operations provide a solid base of support for our growth and diversification strategies. ■ Located in Underwood, North Dakota and operated by The Falkirk Mining Company (Falkirk) ■ Began operations in 1978 ■ Delivers approximately 7-8 million tons of lignite coal per year to power the Coal Creek Station Power Plant Falkirk Mine ■ Located in Zap, North Dakota and operated by Coyote Creek Mining Company (Coyote Creek) ■ Began operations in 2016 ■ Delivers approximately 2 million tons of lignite coal per year to power the Coyote Station Power Plant Coyote Creek Mine ■ Located in Ackerman, Mississippi, and operated by Mississippi Lignite Mining Company (MLMC) ■ Began operations in 2002 ■ Delivers approximately 3 million tons of lignite coal annually to power the Red Hills Power Plant Red Hills Mine ■ Located in Beulah, North Dakota and operated by The Coteau Properties Company (Coteau) ■ Began operations in 1983 ■ Delivers approximately 12-13 million tons of lignite coal per year to power the Antelope Valley Station and the Leland Olds Station Power Plants and the Great Plains Synfuels Plant Freedom Mine ® 9ANNUAL REPORT

® North American Mining (NAM) is a leading provider of specialized mining services for producers of industrial minerals. Our business model is built on serving as a provider of precision mining services, integrated into our customers’ operations, enabling our customers to focus on the parts of their business that they know best – securing reserves, assessing the market and producing and selling their end product. This business was developed out of our core competencies in coal mining, so the range of work we provide can be comprehensive or very specific based on the needs of each customer. Our long-term contract structure aligns our interests with those of our customers. One of our specialized services is to operate draglines to extract aggregates that are submerged in water. Draglines are large, complex machines, and our extensive expertise in their operation and maintenance positions us as an industry leader, providing us a competitive edge that enables us to cost-effectively support our customers. We believe our unwavering focus on safety and productivity contributes to increased efficiencies.