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| x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|--------------------------------------------------------------------------------------|

|  ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------|

| Delaware                                                      |   | 20-2641185                          |
|---------------------------------------------------------------|--------|-------------------------------------|
| (State or Other Jurisdiction ofIncorporation or Organization) |   | (I.R.S. EmployerIdentification No.) |

| Securities registered pursuant to Section 12(b) of the Act: |   | Name on each exchange on which registered: |
|-------------------------------------------------------------|--------|--------------------------------------------|
| Common Stock, par value $0.01 per share                     |   | The New York Stock Exchange                |

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INDEX TO ANNUAL REPORT

| Item 1.   |    | BUSINESS                                                                                                           |    | 1   |
|----------------|--------------|--------------------------------------------------------------------------------------------------------------------|--------------|-----|
| Item 1A.  |    | RISK FACTORS                                                                                                       |    | 31  |
| Item 1B.  |    | UNRESOLVED STAFF COMMENTS                                                                                          |    | 56  |
| Item 2.   |    | PROPERTIES                                                                                                         |    | 57  |
| Item 3.   |    | LEGAL PROCEEDINGS                                                                                                  |    | 63  |
| Item 4.   |    | (REMOVED AND RESERVED)                                                                                             |    | 63  |
| Item 5.   |    | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES |    | 64  |
| Item 6.   |    | SELECTED FINANCIAL DATA                                                                                            |    | 66  |
| Item 7.   |    | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS                        |    | 68  |
| Item 7A.  |    | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                                         |    | 100 |
| Item 8.   |    | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA                                                                        |    | 100 |
| Item 9.   |    | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE                               |    | 100 |
| Item 9A.  |    | CONTROLS AND PROCEDURES                                                                                            |    | 100 |
| Item 9B.  |    | OTHER INFORMATION                                                                                                  |    | 103 |
| Item 10.* |    | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE                                                             |    | 112 |
| Item 11.* |    | EXECUTIVE COMPENSATION                                                                                             |    | 112 |
| Item 12.* |    | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS                     |    | 112 |
| Item 13.* |    | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE                                          |    | 112 |
| Item 14.* |    | PRINCIPAL ACCOUNTING FEES AND SERVICES                                                                             |    | 112 |
| Item 15.  |    | EXHIBITS, FINANCIAL STATEMENT SCHEDULES                                                                            |    | 113 |

| * | The information required by Items 10, 11, 12, 13 and 14, to the extent not included in this document, is incorporated herein by reference to the information included under the captions “Election of Directors,” “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters,” “Certain Relationships and Related Party Transactions,” “Audit Matters” and “ Executive Officers” in the registrant’s definitive proxy statement which is expected to be filed on or about April 8, 2011. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| • | market demand for coal, electricity and steel;                                                                                                                                                  |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                            |
| • | availability of qualified workers;                                                                                                                                                              |
|    |                                                                                                                                                                                            |
| • | future economic or capital market conditions;                                                                                                                                                   |
|    |                                                                                                                                                                                            |
| • | weather conditions or catastrophic weather-related damage;                                                                                                                                      |
|    |                                                                                                                                                                                            |
| • | our production capabilities;                                                                                                                                                                    |
|    |                                                                                                                                                                                            |
| • | consummation of financing, acquisition or disposition transactions and the effect thereof on our business;                                                                                      |
|    |                                                                                                                                                                                            |
| • | a significant number of conversions of our convertible senior notes prior to maturity;                                                                                                          |
|    |                                                                                                                                                                                            |
| • | our plans and objectives for future operations and expansion or consolidation;                                                                                                                  |
|    |                                                                                                                                                                                            |
| • | our relationships with, and other conditions affecting, our customers;                                                                                                                          |
|    |                                                                                                                                                                                            |
| • | availability and costs of key supplies or commodities such as diesel fuel, steel, explosives and tires;                                                                                         |
|    |                                                                                                                                                                                            |
| • | availability and costs of capital equipment;                                                                                                                                                    |
|    |                                                                                                                                                                                            |
| • | prices of fuels which compete with or impact coal usage, such as oil and natural gas;                                                                                                           |
|    |                                                                                                                                                                                            |
| • | timing of reductions or increases in customer coal inventories;                                                                                                                                 |
|    |                                                                                                                                                                                            |
| • | long-term coal supply arrangements;                                                                                                                                                             |
|    |                                                                                                                                                                                            |
| • | reductions and/or deferrals of purchases by major customers;                                                                                                                                    |
|    |                                                                                                                                                                                            |
| • | risks in or related to coal mining operations, including risks relating to third-party suppliers and carriers operating at our mines or complexes;                                              |
|    |                                                                                                                                                                                            |
| • | unexpected maintenance and equipment failure;                                                                                                                                                   |
|    |                                                                                                                                                                                            |
| • | adoption by Appalachian states of EPA guidance regarding stringent water quality-based limitations in CWA Section 402 wastewater discharge permits and CWA Section 404 dredge and fill permits; |
|    |                                                                                                                                                                                            |
| • | environmental, safety and other laws and regulations, including those directly affecting our coal mining and production, and those affecting our customers’ coal usage;                   |
|    |                                                                                                                                                                                            |
| • | ability to obtain and maintain all necessary governmental permits and authorizations;                                                                                                           |
|    |                                                                                                                                                                                            |
| • | competition among coal and other energy producers in the United States and internationally;                                                                                                     |
|    |                                                                                                                                                                                            |

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| • | railroad, barge, trucking and other transportation availability, performance and costs;                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                                                                                             |
| • | employee benefits costs and labor relations issues;                                                                                                                                                                                                              |
|    |                                                                                                                                                                                                                                                             |
| • | replacement of our reserves;                                                                                                                                                                                                                                     |
|    |                                                                                                                                                                                                                                                             |
| • | our assumptions concerning economically recoverable coal reserve estimates;                                                                                                                                                                                      |
|    |                                                                                                                                                                                                                                                             |
| • | availability and costs of credit, surety bonds and letters of credit;                                                                                                                                                                                            |
|    |                                                                                                                                                                                                                                                             |
| • | title defects or loss of leasehold interests in our properties which could result in unanticipated costs or inability to mine these properties;                                                                                                                  |
|    |                                                                                                                                                                                                                                                             |
| • | the impact of the mine explosion at a competitor’s mine on federal and state authorities’ decisions to enact laws and regulations that result in more frequent mine inspections, stricter enforcement practices and enhanced reporting requirements; |
|    |                                                                                                                                                                                                                                                             |
| • | future legislation and changes in regulations or governmental policies or changes in interpretations or enforcement thereof, including with respect to safety enhancements and environmental initiatives relating to global warming and climate change;          |
|    |                                                                                                                                                                                                                                                             |
| • | impairment of the value of our long-lived and deferred tax assets;                                                                                                                                                                                               |
|    |                                                                                                                                                                                                                                                             |
| • | our liquidity, including our ability to adhere to financial covenants related to our borrowing arrangements;                                                                                                                                                     |
|    |                                                                                                                                                                                                                                                             |
| • | adequacy and sufficiency of our internal controls; and                                                                                                                                                                                                           |
|    |                                                                                                                                                                                                                                                             |
| • | legal and administrative proceedings, settlements, investigations and claims, including those related to citations and orders issued by regulatory authorities, and the availability of related insurance coverage.                                              |

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| ITEM 1. | BUSINESS |
|--------------|----------|

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|                                |    |                         |    |                    |   |   | Type and Number of Mines |    |    |    |   |
|-------------------------------------|--------------|------------------------------|--------------|-------------------------|--------|--------|--------------------------|--------------|---------|--------------|--------|
| Mining Complexes               |    | Location                     |    | Preparation Plants |   |   | Under- ground       |    | Surface |    | Total  |    | Mining Method (1) |    | Transportation |
|                                |    |                         |    |                    |   |   |                     |    |    |    |   |    |   |    |   |
| Eastern                             |    | Cowen, WV                    |    | 1                       |   |   | —                  |         | 1       |         | 1      |    | AM |    | Rail |
| Hazard                              |    | Hazard, KY                   |    | —                 |   |   | —                  |         | 4       |         | 4      |    | AM, CTR |    | Rail, Truck |
| Flint Ridge                         |    | Hazard, KY                   |    | 1                       |   |   | 1                        |         | — |         | 1      |    | R&P |    | Rail, Truck |
| Knott County                   |    | Kite, KY                     |    | 1                       |   |   | 2                        |         | — |         | 2      |    | R&P |    | Rail |
| Raven                               |    | Raven, KY                    |    | 1                       |   |   | 3                        |         | — |         | 3      |    | R&P |    | Rail |
| East Kentucky                       |    | Pike Co., KY                 |    | —                 |   |   | —                  |         | 1       |         | 1      |    | AM, CTR |    | Rail |
| Beckley                             |    | Eccles, WV                   |    | 1                       |   |   | 1                        |         | — |         | 1      |    | R&P |    | Rail |
| Vindex Energy Corporation           |    | Garrett Co., MD              |    | 2                       |   |   | 1                        |         | 3       |         | 4      |    | CRM, R&P |    | Rail, Truck |
| Patriot Mining Company              |    | Monongalia Co., WV |    | —                 |   |   | —                  |         | 1       |         | 1      |    | AM |    | Barge, Rail,Truck |
| Wolf Run Mining Buckhannon Division |    | Upshur Co., WV     |    | 1                       |   |   | 2                        |         | — |         | 2      |    | R&P |    | Rail, Truck |
| Powell Mountain                |         | St. Charles, VA              |         | 1                       |   |   | 1                        |         | — |         | 1      |   | R&P |   | Rail |
| Sentinel                            |    | Barbour Co., WV              |    | 1                       |   |   | 1                        |         | — |         | 1      |    | R&P |    | Rail, Truck |
| Illinois                            |    | Williamsville, IL            |    | 1                       |   |   | 1                        |         | — |         | 1      |    | R&P |    | Truck |

| (1) | AM = Area Mining; CRM = Cross-Ridge Mining; CTR = Contour Mining; R&P = Room-and-pillar |
|-----|---------------------------------------------------------------------------------------------|

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|                                |   | 2010               |   | 2009                        |         | 2008               |       |
|-------------------------------------|--------|--------------------|--------|-----------------------------|--------------|--------------------|------------|
| Mining Complexes                    |   | Tons Produced |   | Sales Realizations (1) |    | Tons Produced |       | Sales Realizations (1) |    | Tons Produced |    | Sales Realizations (1) |   |
| Eastern                             |   | 1,690,006          |   | $                           | 66.90        |          | 2,500,707  |   | $ | 66.92 |    | 3,234,517 |   | $ | 55.36 |   |
| Hazard                              |   | 3,437,008          |   | $                           | 70.41        |          | 3,669,581  |   | $ | 65.72 |    | 4,055,874 |   | $ | 54.56 |   |
| Flint Ridge                         |   | 851,559            |   | $                           | 71.44        |          | 800,792    |   | $ | 66.25 |    | 1,055,996 |   | $ | 55.05 |   |
| Knott County                   |   | 416,316            |   | $                           | 63.04        |          | 518,095    |   | $ | 64.84 |    | 948,445 |   | $ | 52.57 |   |
| Raven                               |   | 747,844            |   | $                           | 67.77        |          | 728,487    |   | $ | 66.81 |    | 664,265 |   | $ | 54.45 |   |
| East Kentucky                       |   | 669,816            |   | $                           | 53.69        |          | 933,030    |   | $ | 55.49 |    | 1,058,092 |   | $ | 58.39 |   |
| Beckley(2)                          |   | 981,395            |   | $                           | 113.01       |          | 750,478    |   | $ | 91.89 |    | 531,842 |   | $ | 106.66 |   |
| Vindex Energy Corporation           |   | 964,659            |   | $                           | 66.24        |          | 740,084    |   | $ | 48.02 |    | 939,141 |   | $ | 54.43 |   |
| Patriot Mining Company              |   | 695,446            |   | $                           | 51.37        |               | 744,908    |   | $ | 51.14 |   | 929,645 |   | $ | 40.56 |   |
| Wolf Run Mining Buckhannon Division |   | 1,066,139          |   | $                           | 49.94        |               | 1,042,384  |   | $ | 57.59 |    | 993,807 |   | $ | 56.48 |   |
| Powell Mountain(3)             |   | 234,019            |   | $                           | 102.60       |               | 203,110    |   | $ | 106.45 |   | 100,322 |   | $ | 132.17 |   |
| Sentinel                            |   | 1,293,989          |   | $                           | 92.32        |               | 1,367,597  |   | $ | 57.42 |    | 1,007,425 |   | $ | 60.73 |   |
| Illinois                            |   | 2,475,261          |   | $                           | 36.78        |          | 2,251,951  |   | $ | 33.63 |    | 2,261,028 |   | $ | 29.94 |   |
|                                |   | 15,523,457         |   |                        |         |          | 16,251,204 |   |   |   |    | 17,780,399 |   |   |   |   |

| (1) | Excludes freight and handling revenue.             |
|-----|----------------------------------------------------|
| (2) | Beckley was in development until the fall of 2008. |
| (3) | Powell Mountain was acquired in 2008.              |

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| ITEM 1A. | RISK FACTORS |
|---------------|--------------|

| • | supply of and demand for domestic and foreign coal;                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                  |
| • | demand for electricity;                                                                                                               |
|    |                                                                                                                                  |
| • | domestic and foreign demand for steel and the continued financial viability of the domestic and/or foreign steel industry;            |
|    |                                                                                                                                  |
| • | proximity to, capacity of and cost of transportation facilities;                                                                      |
|    |                                                                                                                                  |
| • | domestic and foreign governmental legislation, regulations and taxes;                                                                 |
|    |                                                                                                                                  |
| • | the imposition of regulatory requirements which restrict the ability of electric power companies to use coal to generate electricity; |
|    |                                                                                                                                  |
| • | regulatory, administrative and judicial decisions;                                                                                    |
|    |                                                                                                                                  |
| • | price and availability of alternative fuels, including the effects of technological developments; and                                 |
|    |                                                                                                                                  |
| • | effect of worldwide energy conservation measures.                                                                                     |

| • | unavailability of qualified labor;                                                                                                                                                                                                                                                                         |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                                                                                                                                       |
| • | our inability to acquire, maintain or renew necessary permits or mining or surface rights in a timely manner, if at all;                                                                                                                                                                                   |
|    |                                                                                                                                                                                                                                                                                                       |
| • | unfavorable geologic conditions, such as the thickness of the coal deposits and the amount of rock embedded in or overlying the coal deposits;                                                                                                                                                             |
|    |                                                                                                                                                                                                                                                                                                       |
| • | failure of reserve estimates to prove correct;                                                                                                                                                                                                                                                             |
|    |                                                                                                                                                                                                                                                                                                       |
| • | changes in governmental regulation of the coal industry, including the imposition of additional taxes, fees or actions to suspend or revoke our permits or changes in the manner of enforcement of existing regulations, or changes in governmental regulation affecting the use of coal by our customers; |
|    |                                                                                                                                                                                                                                                                                                       |
| • | mining and processing equipment failures and unexpected maintenance problems;                                                                                                                                                                                                                              |
|    |                                                                                                                                                                                                                                                                                                       |
| • | adverse weather and natural disasters, such as heavy rains and flooding;                                                                                                                                                                                                                                   |
|    |                                                                                                                                                                                                                                                                                                       |

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| • | increased water entering mining areas and increased or accidental mine water discharges;              |
|---------|-------------------------------------------------------------------------------------------------------|
|    |                                                                                                  |
| • | increased or unexpected reclamation costs;                                                            |
|    |                                                                                                  |
| • | interruptions due to transportation delays;                                                           |
|    |                                                                                                  |
| • | unavailability of required equipment of the type and size needed to meet production expectations; and |
|    |                                                                                                  |
| • | unexpected mine safety accidents, including fires and explosions.                                     |

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| • | geological and mining conditions which may not be fully identified by available exploration data or which may differ from experience in current operations;                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                                                           |
| • | historical production from the area compared with production from other similar producing areas; and                                                                                                                           |
|    |                                                                                                                                                                                                                           |
| • | assumed effects of regulation and taxes by governmental agencies and assumptions concerning coal prices, operating costs, mining technology improvements, severance and excise taxes, development costs and reclamation costs. |

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| • | uncertainties in assessing the value, strengths and potential profitability of, and identifying the extent of all weaknesses, risks, contingent and other liabilities (including environmental or mine safety liabilities) of, acquisition candidates; |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                                                                                   |
| • | potential loss of key customers, management and employees of an acquired business;                                                                                                                                                                     |
|    |                                                                                                                                                                                                                                                   |
| • | ability to achieve identified operating and financial synergies anticipated to result from an acquisition;                                                                                                                                             |
|    |                                                                                                                                                                                                                                                   |
| • | discrepancies between the estimated and actual reserves of the acquired business;                                                                                                                                                                      |
|    |                                                                                                                                                                                                                                                   |
| • | problems that could arise from the integration of the acquired business; and                                                                                                                                                                           |
|    |                                                                                                                                                                                                                                                   |
| • | unanticipated changes in business, industry or general economic conditions that affect the assumptions underlying our rationale for pursuing the acquisition.                                                                                          |

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| • | fires and explosions from methane gas or coal dust;                                   |
|---------|---------------------------------------------------------------------------------------|
|    |                                                                                  |
| • | accidental minewater discharges;                                                      |
|    |                                                                                  |
| • | weather, flooding and natural disasters;                                              |
|    |                                                                                  |
| • | unexpected maintenance problems;                                                      |
|    |                                                                                  |
| • | key equipment failures;                                                               |
|    |                                                                                  |
| • | variations in coal seam thickness;                                                    |
|    |                                                                                  |
| • | variations in the amount of rock and soil overlying the coal deposit; and             |
|    |                                                                                  |
| • | variations in rock and other natural materials and variations in geologic conditions. |

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| • | lack of availability, higher expense or unfavorable market terms of new bonds;                                                                                     |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                               |
| • | restrictions on availability of collateral for current and future third-party surety bond issuers under the terms of our amended and restated credit facility; and |
|    |                                                                                                                                                               |
| • | exercise by third-party surety bond issuers of their right to refuse to renew the surety.                                                                          |

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| • | limitations on land use;                                                                                                                                                                  |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                      |
| • | employee health and safety;                                                                                                                                                               |
|    |                                                                                                                                                                                      |
| • | mandated benefits for retired coal miners;                                                                                                                                                |
|    |                                                                                                                                                                                      |
| • | mine permitting and licensing requirements;                                                                                                                                               |
|    |                                                                                                                                                                                      |
| • | reclamation and restoration of mining properties after mining is completed;                                                                                                               |
|    |                                                                                                                                                                                      |
| • | air quality standards;                                                                                                                                                                    |
|    |                                                                                                                                                                                      |
| • | water pollution;                                                                                                                                                                          |
|    |                                                                                                                                                                                      |
| • | construction and permitting of facilities required for mining operations, including valley fills and other structures, including those constructed in natural water courses and wetlands; |
|    |                                                                                                                                                                                      |
| • | protection of human health, plantlife and wildlife;                                                                                                                                       |
|    |                                                                                                                                                                                      |
| • | discharge of materials into the environment;                                                                                                                                              |
|    |                                                                                                                                                                                      |
| • | surface subsidence from underground mining; and                                                                                                                                           |
|    |                                                                                                                                                                                      |
| • | effects of mining on groundwater quality and availability.                                                                                                                                |

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| • | our operating and financial performance and prospects;                            |
|---------|-----------------------------------------------------------------------------------|
|    |                                                                              |
| • | our ability to repay our debt;                                                    |
|    |                                                                              |
| • | investor perceptions of us and the industry and markets in which we operate;      |
|    |                                                                              |
| • | changes in earnings estimates or buy/sell recommendations by analysts; and        |
|    |                                                                              |
| • | general financial, domestic, international, economic and other market conditions. |

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| • | 5,739,583 shares of common stock issuable upon the exercise of stock options outstanding at a weighted-average exercise price of $4.91; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                    |
| • | 1,145,006 shares of nonvested restricted stock; and                                                                                     |
|    |                                                                                                                                    |
| • | 315,420 restricted share units issued to directors to be converted to common stock upon separation of service.                          |

| • | making it more difficult for us to meet our payment and other obligations under our outstanding senior and convertible notes and our other outstanding debt;                                                             |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                                                     |
| • | resulting in an event of default if we fail to comply with the financial and other restrictive covenants contained in our debt agreements, which could result in all of our debt becoming immediately due and payable;   |
|    |                                                                                                                                                                                                                     |
| • | subjecting us to the risk of increased sensitivity to interest rate increases on our debt with variable interest rates, including borrowings under our ABL Loan Facility;                                                |
|    |                                                                                                                                                                                                                     |
| • | reducing the availability of our cash flow to fund working capital, capital expenditures, acquisitions and other general corporate purposes, and limiting our ability to obtain additional financing for these purposes; |
|    |                                                                                                                                                                                                                     |
| • | limiting our flexibility in planning for, or reacting to, and increasing our vulnerability to, changes in our business, the industry in which we operate and the general economy; and                                    |
|    |                                                                                                                                                                                                                     |
| • | placing us at a competitive disadvantage compared to our competitors that have less debt or are less leveraged.                                                                                                          |

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| • | make, create, incur, assume or suffer to exist liens, other than specified permitted liens; |
|---------|---------------------------------------------------------------------------------------------|
|    |                                                                                        |
| • | engage in mergers, acquisitions, consolidations, sale-leasebacks and asset sales;           |
|    |                                                                                        |
| • | make investments and loans;                                                                 |
|    |                                                                                        |
| • | create, incur, assume or permit to exist additional indebtedness or guarantees;             |
|    |                                                                                        |
| • | pay dividends, make payments or redeem or repurchase capital stock;                         |
|    |                                                                                        |
| • | engage in certain transactions with affiliates;                                             |
|    |                                                                                        |
| • | prepay, redeem or purchase indebtedness;                                                    |
|    |                                                                                        |
| • | amend or otherwise alter terms of certain indebtedness;                                     |
|    |                                                                                        |
| • | make capital expenditures in excess of specified limitations; and                           |
|    |                                                                                        |
| • | alter the business that our subsidiaries conduct.                                           |

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| • | incur additional indebtedness;                                                                             |
|---------|------------------------------------------------------------------------------------------------------------|
|    |                                                                                                       |
| • | subordinate indebtedness to other indebtedness unless such subordinated indebtedness is also subordinated; |
|    |                                                                                                       |
| • | pay dividends or make other distributions or repurchase or redeem our stock or subordinated indebtedness;  |
|    |                                                                                                       |
| • | make investments;                                                                                          |
|    |                                                                                                       |
| • | sell assets and issue capital stock of restricted subsidiaries;                                            |
|    |                                                                                                       |
| • | incur liens;                                                                                               |
|    |                                                                                                       |
| • | enter into agreements restricting our subsidiaries’ ability to pay dividends;                        |
|    |                                                                                                       |
| • | enter into sale and leaseback transactions;                                                                |
|    |                                                                                                       |
| • | enter into transactions with affiliates; and                                                               |
|    |                                                                                                       |
| • | consolidate, merge or sell all or substantially all of our assets.                                         |

| ITEM 1B. | UNRESOLVED STAFF COMMENTS |
|---------------|---------------------------|

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| ITEM 2. | PROPERTIES |
|--------------|------------|

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| Mining Operations                                                                     |   | Assigned or Unassigned(1) |   | Operating or Development |   | State  |   | Mining Method Surface (S) or Underground (UG) |   | Total Proven and Probable Reserves (2) |   | Owned Proven and Probable Reserves(2) |   | Leased Proven and Probable Reserves(2) |   | Steam Proven and Probable Reserves(2) |   | Metallurgical Proven and Probable Reserves(2)(3)(4) |
|---------------------------------------------------------------------------------------|--------|--------------------------------|--------|------------------------------------|--------|--------|--------|---------------------------------------------------------|--------|------------------------------------------------------------|--------|-----------------------------------------------------------|--------|------------------------------------------------------------|--------|-----------------------------------------------------------|--------|--------------------------------------------------------------------|
|                                                                                  |   |                           |   |                               |   |   |   |                                                    |   | (in million tons)                                          |
| Northern Appalachian                                                                  |   |                           |   |                               |   |   |   |                                                    |   |                                                       |   |                                                      |   |                                                       |   |                                                      |   |                                                               |
| Vindex Energy Corp.                                                                   |   | Assigned                       |   | O                                  |   | MD/WV  |   | S/UG                                                    |   | 12.58                                                      |   | 0.00                                                      |   | 12.58                                                      |   | 5.86                                                      |   | 6.72                                                               |
|                                                                                  |   | Unassigned                     |   | D                                  |   | MD/WV  |   | S/UG                                                    |   | 47.70                                                      |   | 0.35                                                      |   | 47.35                                                      |   | 38.24                                                     |   | 9.46                                                               |
| Total Vindex Energy Corp.                                                             |   |                           |   |                               |   |   |   |                                                    |   | 60.28                                                      |   | 0.35                                                      |   | 59.93                                                      |   | 44.10                                                     |   | 16.18                                                              |
| Patriot Mining Co.                                                                    |   | Assigned                       |   | O                                  |   | WV     |   | S                                                       |   | 8.67                                                       |   | 0.01                                                      |   | 8.66                                                       |   | 8.67                                                      |   | 0.00                                                               |
| Wolf Run Mining Buckhannon Division                                                   |   | Assigned                       |   | O                                  |   | WV     |   | UG                                                      |   | 22.03                                                      |   | 11.83                                                     |   | 10.20                                                      |   | 9.63                                                      |   | 12.40                                                              |
|                                                                                  |   | Unassigned                     |   | D                                  |   | WV     |   | UG                                                      |   | 30.55                                                      |   | 28.81                                                     |   | 1.74                                                       |   | 0.00                                                      |   | 30.55                                                              |
| Total Wolf Run Mining Buckhannon Division                                             |   |                           |   |                               |   |   |   |                                                    |   | 52.58                                                      |   | 40.64                                                     |   | 11.94                                                      |   | 9.63                                                      |   | 42.95                                                              |
| Sentinel                                                                              |   | Assigned                       |   | O                                  |   | WV     |   | UG                                                      |   | 44.28                                                      |   | 30.12                                                     |   | 14.16                                                      |   | 0.00                                                      |   | 44.28                                                              |
|                                                                                  |   | Unassigned                     |   | D                                  |   | WV     |   | UG                                                      |   | 4.94                                                       |   | 4.94                                                      |   | 0.00                                                       |   | 0.00                                                      |   | 4.94                                                               |
| Total Sentinel                                                                        |   |                           |   |                               |   |   |   |                                                    |   | 49.22                                                      |   | 35.06                                                     |   | 14.16                                                      |   | 0.00                                                      |   | 49.22                                                              |
| CoalQuest Development LLC                                                             |   | Unassigned                     |   | D                                  |   | WV     |   | UG                                                      |   | 186.09                                                     |   | 186.09                                                    |   | 0.00                                                       |   | 32.71                                                     |   | 153.38                                                             |
|                                                                                  |   | (Tygart Valley)                |   |                               |   |   |   |                                                    |   |                                                       |   |                                                      |   |                                                       |   |                                                      |   |                                                               |
| ICG Natural Resources                                                                 |   | Unassigned                     |   | D                                  |   | OH     |   | UG                                                      |   | 94.26                                                      |   | 94.26                                                     |   | 0.00                                                       |   | 94.26                                                     |   | 0.00                                                               |
|                                                                                  |   | (Paw Paw Creek)                |   |                               |   |   |   |                                                    |   |                                                       |   |                                                      |   |                                                       |   |                                                      |   |                                                               |
| Total Northern Appalachian                                                            |   |                           |   |                               |   |   |   |                                                    |   | 451.10                                                     |   | 356.41                                                    |   | 94.69                                                      |   | 189.37                                                    |   | 261.73                                                             |
| Central Appalachian                                                                   |   |                           |   |                               |   |   |   |                                                    |   |                                                       |   |                                                      |   |                                                       |   |                                                      |   |                                                               |
| Eastern                                                                               |   | Assigned                       |   | O                                  |   | WV     |   | S/UG                                                    |   | 7.67                                                       |   | 0.10                                                      |   | 7.57                                                       |   | 7.67                                                      |   | 0.00                                                               |
| Hazard                                                                                |   | Assigned                       |   | O                                  |   | KY     |   | S                                                       |   | 65.13                                                      |   | 27.01                                                     |   | 38.12                                                      |   | 65.13                                                     |   | 0.00                                                               |
|                                                                                  |   | Unassigned                     |   | D                                  |   | KY     |   | UG                                                      |   | 10.40                                                      |   | 0.65                                                      |   | 9.75                                                       |   | 10.40                                                     |   | 0.00                                                               |
| Total Hazard                                                                          |   |                           |   |                               |   |   |   |                                                    |   | 75.53                                                      |   | 27.66                                                     |   | 47.87                                                      |   | 75.53                                                     |   | 0.00                                                               |
| Flint Ridge                                                                           |   | Assigned                       |   | O                                  |   | KY     |   | UG                                                      |   | 20.24                                                      |   | 0.58                                                      |   | 19.66                                                      |   | 20.24                                                     |   | 0.00                                                               |
| Knott County                                                                     |   | Assigned                       |   | O                                  |   | KY     |   | UG                                                      |   | 15.74                                                      |   | 2.37                                                      |   | 13.37                                                      |   | 15.74                                                     |   | 0.00                                                               |
|                                                                                  |   | Unassigned                     |   | D                                  |   | KY     |   | UG                                                      |   | 2.40                                                       |   | 0.00                                                      |   | 2.40                                                       |   | 2.40                                                      |   | 0.00                                                               |
| Total Knott County                                                          |   |                           |   |                               |   |   |   |                                                    |   | 18.14                                                      |   | 2.37                                                      |   | 15.77                                                      |   | 18.14                                                     |   | 0.00                                                               |
| Raven                                                                                 |   | Assigned                       |   | O                                  |   | KY     |   | UG                                                      |   | 18.52                                                      |   | 1.51                                                      |   | 17.01                                                      |   | 18.52                                                     |   | 0.00                                                               |
|                                                                                  |   | Unassigned                     |   | D                                  |   | KY     |   | UG                                                      |   | 0.96                                                       |   | 0.85                                                      |   | 0.11                                                       |   | 0.96                                                      |   | 0.00                                                               |
| Total Raven                                                                           |   |                           |   |                               |   |   |   |                                                    |   | 19.48                                                      |   | 2.36                                                      |   | 17.12                                                      |   | 19.48                                                     |   | 0.00                                                               |
| East Kentucky                                                                         |   | Assigned                       |   | O                                  |   | KY     |   | S                                                       |   | 0.91                                                       |   | 0.76                                                      |   | 0.15                                                       |   | 0.91                                                      |   | 0.00                                                               |
| ICG Natural Resources                                                                 |   | Assigned                       |   | D                                  |   | WV     |   | S                                                       |   | 14.17                                                      |   | 0.00                                                      |   | 14.17                                                      |   | 14.17                                                     |   | 0.00                                                               |
|                                                                                  |   | Unassigned                     |   | D                                  |   | WV     |   | UG                                                      |   | 27.62                                                      |   | 0.00                                                      |   | 27.62                                                      |   | 27.62                                                     |   | 0.00                                                               |
|                                                                                  |   | (Jennie Creek)            |   |                               |   |   |   |                                                    |   |                                                       |   |                                                      |   |                                                       |   |                                                      |   |                                                               |
| Total ICG Natural Resources                                                      |   |                           |   |                               |   |   |   |                                                    |   | 41.79                                                      |   | 0.00                                                      |   | 41.79                                                      |   | 41.79                                                     |   | 0.00                                                               |
| Powell Mountain                                                                  |   | Assigned                       |   | O                                  |   | KY/VA  |   | UG                                                      |   | 4.61                                                       |   | 0.00                                                      |   | 4.61                                                       |   | 4.61                                                      |   | 0.00                                                               |
|                                                                                  |   | Unassigned                     |   | D                                  |   | KY/VA  |   | S/UG                                                    |   | 20.90                                                      |   | 0.00                                                      |   | 20.90                                                      |   | 20.90                                                     |   | 0.00                                                               |
|          Total Powell Mountain |   |                           |   |                               |   |   |   |                                                    |   | 25.51                                                      |   | 0.00                                                      |   | 25.51                                                      |   | 25.51                                                     |   | 0.00                                                               |
| Beckley                                                                               |   | Assigned                       |   | O                                  |   | WV     |   | UG                                                      |   | 30.23                                                      |   | 1.28                                                      |   | 28.95                                                      |   | 0.00                                                      |   | 30.23                                                              |
| White Wolf Energy, Inc.                                                               |   | Unassigned                     |   | D                                  |   | VA     |   | UG                                                      |   | 25.91                                                      |   | 0.00                                                      |   | 25.91                                                      |   | 0.00                                                      |   | 25.91                                                              |
|                                                                                  |   | (Big Creek)               |   |                               |   |   |   |                                                    |   |                                                       |   |                                                      |   |                                                       |   |                                                      |   |                                                               |
| Total Central Appalachian                                                             |   |                           |   |                               |   |   |   |                                                    |   | 265.41                                                     |   | 35.11                                                     |   | 230.30                                                     |   | 209.27                                                    |   | 56.14                                                              |
| Illinois Basin                                                                        |   |                           |   |                               |   |   |   |                                                    |   |                                                       |   |                                                      |   |                                                       |   |                                                      |   |                                                               |
| Illinois                                                                              |   | Assigned                       |   | O                                  |   | IL     |   | UG                                                      |   | 47.57                                                      |   | 8.03                                                      |   | 39.54                                                      |   | 47.57                                                     |   | 0.00                                                               |
|                                                                                  |   | (Viper)                        |   |                               |   |   |   |                                                    |   |                                                       |   |                                                      |   |                                                       |   |                                                      |   |                                                               |
| ICG Natural Resources                                                                 |   | Unassigned                     |   | D                                  |   | IL     |   | UG                                                      |   | 324.10                                                     |   | 324.10                                                    |   | 0.00                                                       |   | 324.10                                                    |   | 0.00                                                               |
| Total Illinois Basin                                                                  |   |                           |   |                               |   |   |   |                                                    |   | 371.67                                                     |   | 332.13                                                    |   | 39.54                                                      |   | 371.67                                                    |   | 0.00                                                               |
| Total Proven and Probable Reserves                                |   |                           |   |                               |   |   |   |                                                    |   | 1,088.18                                                   |   | 723.65                                                    |   | 364.53                                                     |   | 770.31                                                    |   | 317.87                                                             |

| (1)    | “Assigned reserves” means coal which has been committed by the coal company to operating mine shafts, mining equipment and plant facilities, and all coal which has been leased by the coal company to others. “Unassigned reserves” represent coal which has not been committed, and which would require new mineshafts, mining equipment or plant facilities before operations could begin in the property. The primary reason for this distinction is to inform investors which coal reserves will require substantial capital investment before production can begin. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)    | The proven and probable reserves are reported as recoverable reserves, which is that part of a coal deposit which could be economically and legally extracted or produced at the time of the reserve determination, taking into account mining recovery and preparation plant yield.                                                                                                                                                                                                                                                                                                              |
| (3)    | White Wolf Energy, Inc. meets historical metallurgical coal quality specifications.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (4)    | We sold coal with ash and/or sulfur contents as high as 10% and 1.5%, respectively, into the metallurgical market from Vindex Energy, Buckhannon and Sentinel in 2010. Similarly, we believe approximately half of the production from Tygart Valley could be sold into the metallurgical market when production begins.                                                                                                                                                                                                                                                                          |
|   | For a description of mining properties, see Item 1. Business under the headings “Northern and Central Appalachian Mining Operations” and “Illinois Basin Mining Operations.”                                                                                                                                                                                                                                                                                                                                                                                              |

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Table of Contents

|                                                                                  |   |                           |   | As Received Quality |   | Total Proven and Probable Reserves(2) |
|---------------------------------------------------------------------------------------|--------|--------------------------------|--------|---------------------|--------|---------------------------------------|
| Mining Operations                                                                     |   | Assigned or Unassigned(1) |   | % Moisture     |   | % Ash                            |   | % Sulfur |   | Btu/lb. |   | Lbs. SO2/ million Btus |   | <1.2 lbs. SO2 Compliance |   | >1.2 lbs. SO2 Non-Compliance |
| Northern Appalachian                                                                  |   |                           |   |                |   |                                  |   |   |   |   |   |   |   |   |   |   |
| Vindex Energy Corp(4)                                                                 |   | Assigned                       |   | 5.14                |   | 14.73                                 |   | 1.61 |   | 12,449 |   | 2.58 |   | 0.00 |   | 12.58 |
|                                                                                  |   | Unassigned                     |   | 6.00                |   | 13.69                                 |   | 2.00 |   | 12,492 |   | 3.20 |   | 0.00 |   | 47.70 |
| Total Vindex Energy Corp.                                                             |   |                           |   | 5.82                |   | 13.91                                 |   | 1.91 |   | 12,483 |   | 3.07 |   | 0.00 |   | 60.28 |
| Patriot Mining Co.                                                                    |   | Assigned                       |   | 6.00                |   | 14.56                                 |   | 3.16 |   | 11,879 |   | 5.33 |   | 0.00 |   | 8.67 |
| Wolf Run Mining Buckhannon Division(4)                                                |   | Assigned                       |   | 6.00                |   | 8.35                                  |   | 2.05 |   | 13,034 |   | 3.14 |   | 0.00 |   | 22.03 |
|                                                                                  |   | Unassigned                     |   | 6.00                |   | 8.92                                  |   | 0.99 |   | 13,069 |   | 1.52 |   | 0.00 |   | 30.55 |
| Total Wolf Run Mining Buckhannon Division                    |   |                           |   | 6.00                |   | 8.68                                  |   | 1.43 |   | 13,054 |   | 2.20 |   | 0.00 |   | 52.58 |
| Sentinel                                                                              |   | Assigned                       |   | 6.00                |   | 8.42                                  |   | 1.47 |   | 13,183 |   | 2.23 |   | 0.00 |   | 44.28 |
|                                                                                  |   | Unassigned                     |   | 6.00                |   | 8.04                                  |   | 1.44 |   | 13,353 |   | 2.15 |   | 0.00 |   | 4.94 |
| Total Sentinel                                                                        |   |                           |   | 6.00                |   | 8.38                                  |   | 1.47 |   | 13,200 |   | 2.22 |   | 0.00 |   | 49.22 |
| CoalQuest Development LLC(4)                                                          |   | Unassigned                     |   | 6.00                |   | 9.25                                  |   | 1.15 |   | 13,145 |   | 1.76 |   | 0.00 |   | 186.09 |
|                                                                                  |   | (Tygart Valley)                |   |                |   |                                  |   |   |   |   |   |   |   |   |   |   |
| ICG Natural Resources                                                                 |   | Unassigned                     |   | 6.00                |   | 7.62                                  |   | 2.07 |   | 13,021 |   | 3.18 |   | 0.00 |   | 94.26 |
|                                                                                  |   | (Paw Paw Creek)                |   |                |   |                                  |   |   |   |   |   |   |   |   |   |   |
| Total Northern Appalachian                                                            |   |                           |   |                |   |                                  |   |   |   |   |   |   |   | 0.00 |   | 451.10 |
| Central Appalachian                                                                   |   |                           |   |                |   |                                  |   |   |   |   |   |   |   |   |   |   |
| Eastern                                                                               |   | Assigned                       |   | 6.00                |   | 13.13                                 |   | 1.23 |   | 12,181 |   | 2.02 |   | 0.00 |   | 7.67 |
| Hazard                                                                                |   | Assigned                       |   | 6.00                |   | 12.98                                 |   | 1.38 |   | 11,995 |   | 2.30 |   | 0.00 |   | 65.13 |
|                                                                                  |   | Unassigned                     |   | 6.00                |   | 6.55                                  |   | 0.84 |   | 12,890 |   | 1.30 |   | 0.00 |   | 10.40 |
| Total Hazard                                                                          |   |                           |   | 6.00                |   | 12.09                                 |   | 1.31 |   | 12,118 |   | 2.15 |   | 0.00 |   | 75.53 |
| Flint Ridge                                                                           |   | Assigned                       |   | 6.00                |   | 8.15                                  |   | 1.39 |   | 12,768 |   | 2.17 |   | 1.33 |   | 18.91 |
| Knott County                                                                     |   | Assigned                       |   | 6.01                |   | 5.65                                  |   | 1.45 |   | 13,311 |   | 2.17 |   | 0.00 |   | 15.74 |
|                                                                                  |   | Unassigned                     |   | 6.00                |   | 6.70                                  |   | 1.67 |   | 13,102 |   | 2.55 |   | 0.00 |   | 2.40 |
| Total Knott County                                                          |   |                           |   | 6.01                |   | 5.79                                  |   | 1.48 |   | 13,283 |   | 2.22 |   | 0.00 |   | 18.14 |
| Raven                                                                                 |   | Assigned                       |   | 6.00                |   | 7.05                                  |   | 1.33 |   | 12,983 |   | 2.05 |   | 0.00 |   | 18.52 |
|                                                                                  |   | Unassigned                     |   | 6.00                |   | 4.10                                  |   | 2.07 |   | 13,477 |   | 3.07 |   | 0.00 |   | 0.96 |
| Total Raven                                                                      |   |                           |   | 6.00                |   | 6.90                                  |   | 1.37 |   | 13,007 |   | 2.10 |   | 0.00 |   | 19.48 |
| East Kentucky                                                                         |   | Assigned                       |   | 6.00                |   | 9.18                                  |   | 0.83 |   | 12,430 |   | 1.33 |   | 0.00 |   | 0.91 |
| ICG Natural Resources                                                                 |   | Assigned                       |   | 7.00                |   | 9.69                                  |   | 0.75 |   | 12,274 |   | 1.23 |   | 9.13 |   | 5.04 |
|                                                                                  |   | Unassigned                     |   | 7.00                |   | 4.92                                  |   | 1.27 |   | 13,254 |   | 1.92 |   | 0.00 |   | 27.62 |
|                                                                                  |   | (Jennie Creek)            |   |                |   |                                  |   |   |   |   |   |   |   |   |   |   |
| Total ICG Natural Resources                                                           |   |                           |   | 7.00                |   | 6.54                                  |   | 1.09 |   | 12,922 |   | 1.69 |   | 9.13 |   | 32.66 |
| Powell Mountain                                                                  |   | Assigned                       |   | 6.00                |   | 3.84                                  |   | 0.59 |   | 13,663 |   | 0.86 |   | 4.61 |   | 0.00 |
|                                                                                  |   | Unassigned                     |   | 6.00                |   | 7.78                                  |   | 1.94 |   | 12,872 |   | 3.02 |   | 6.13 |   | 14.77 |
|          Total Powell Mountain |   |                           |   | 6.00                |   | 7.07                                  |   | 1.70 |   | 13,015 |   | 2.61 |   | 10.74 |   | 14.77 |
| Beckley(3)                                                                            |   | Assigned                       |   | 6.00                |   | 4.87                                  |   | 0.70 |   | 13,913 |   | 1.01 |   | 30.23 |   | 0.00 |
| White Wolf Energy, Inc.(3)                                                            |   | Unassigned                     |   | 6.00                |   | 4.09                                  |   | 0.63 |   | 14,150 |   | 0.89 |   | 25.91 |   | 0.00 |
|                                                                                  |   | (Big Creek)               |   |                |   |                                  |   |   |   |   |   |   |   |   |   |   |
| Total Central Appalachian                                                             |   |                           |   |                |   |                                  |   |   |   |   |   |   |   | 77.34 |   | 188.07 |
| Illinois Basin                                                                        |   |                           |   |                |   |                                  |   |   |   |   |   |   |   |   |   |   |
| Illinois                                                                              |   | Assigned                       |   | 16.00               |   | 8.80                                  |   | 2.86 |   | 10,692 |   | 5.35 |   | 0.00 |   | 47.57 |
|                                                                                  |   | (Viper)                        |   |                |   |                                  |   |   |   |   |   |   |   |   |   |   |
| ICG Natural Resources                                                                 |   | Unassigned                     |   | 12.76               |   | 9.28                                  |   | 2.87 |   | 10,962 |   | 5.24 |   | 0.00 |   | 324.10 |
| Total Illinois Basin                                                                  |   |                           |   | 13.17               |   | 9.22                                  |   | 2.87 |   | 10,928 |   | 5.26 |   | 0.00 |   | 371.67 |
| Total Proven and Probable Reserves                                                    |   |                           |   |                |   |                                  |   |   |   |   |   |   |   | 77.34 |   | 1,010.84 |

| (1)    | “Assigned reserves” means coal which has been committed by the coal company to operating mine shafts, mining equipment and plant facilities, and all coal which has been leased by the coal company to others. “Unassigned reserves” represent coal which has not been committed, and which would require new mine shafts, mining equipment or plant facilities before operations could begin in the property. The primary reason for this distinction is to inform investors which coal reserves will require substantial capital investment before production can begin. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)    | The proven and probable reserves are reported as recoverable reserves, which is that part of a coal deposit which could be economically and legally extracted or produced at the time of the reserve determination, taking into account mining recovery and preparation plant yield.                                                                                                                                                                                                                                                                                                               |
| (3)    | White Wolf Energy, Inc. meets historical metallurgical coal quality specifications.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| (4)    | We sold coal with ash and/or sulfur contents as high as 10% and 1.5%, respectively, into the metallurgical market from Vindex Energy, Buckhannon and Sentinel in 2010. Similarly, we believe approximately half of the production from Tygart Valley could be sold into the metallurgical market when production begins.                                                                                                                                                                                                                                                                           |
|   | For a description of mining properties, see Item 1. Business under the headings “Northern and Central Appalachian Mining Operations” and “Illinois Basin Mining Operations.”                                                                                                                                                                                                                                                                                                                                                                                               |

----

Table of Contents

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Table of Contents

| Mining Operations                         |   | Assigned or Unassigned(1)        |   | Operating orDevelopment |   | State  |   | Mining Method Surface (S) or Underground (UG) |   | Total Non-Reserve Coal Deposits |   | Steam Non-Reserve Coal Deposits |   | Metallurgical Non-Reserve Coal Deposits(2)(3) |
|-------------------------------------------|--------|---------------------------------------|--------|------------------------------|--------|--------|--------|-------------------------------------------------------------------|--------|------------------------------------------------|--------|------------------------------------------------|--------|---------------------------------------------------------|
|                                      |   |                                  |   |                         |   |   |   |                                                              |   | (in million tons)                              |
| Northern Appalachian                      |   |                                  |   |                         |   |   |   |                                                              |   |                                           |   |                                           |   |                                                    |
| Vindex Energy Corp.                       |   | Unassigned                            |   | D                            |   | MD/WV  |   | UG                                                                |   | 0.44                                           |   | 0.00                                           |   | 0.44                                                    |
| Wolf Run Mining Buckhannon Division       |   | Assigned                              |   | O                            |   | WV     |   | UG                                                                |   | 0.42                                           |   | 0.42                                           |   | 0.00                                                    |
|                                      |   | Unassigned                            |   | D                            |   | WV     |   | UG                                                                |   | 2.24                                           |   | 2.24                                           |   | 0.00                                                    |
| Total Wolf Run Mining Buckhannon Division |   |                                  |   |                         |   |   |   |                                                              |   | 2.66                                           |   | 2.66                                           |   | 0.00                                                    |
| Sentinel                                  |   | Assigned                              |   | O                            |   | WV     |   | UG                                                                |   | 1.64                                           |   | 1.64                                           |   | 0.00                                                    |
|                                      |   | Unassigned                            |   | D                            |   | WV     |   | UG                                                                |   | 0.76                                           |   | 0.76                                           |   | 0.00                                                    |
| Total Sentinel                            |   |                                  |   |                         |   |   |   |                                                              |   | 2.40                                           |   | 2.40                                           |   | 0.00                                                    |
| CoalQuest Development LLC            |   | Unassigned                            |   | D                            |   | WV     |   | UG                                                                |   | 38.14                                          |   | 38.14                                          |   | 0.00                                                    |
|                                      |   | (Tygart Valley)                       |   |                         |   |   |   |                                                              |   |                                           |   |                                           |   |                                                    |
| Upshur Property                           |   | Unassigned                            |   |                         |   | WV     |   | S                                                                 |   | 92.97                                          |   | 92.97                                          |   | 0.00                                                    |
|                                      |   | (Upshur)                              |   |                         |   |   |   |                                                              |   |                                           |   |                                           |   |                                                    |
| ICG Natural Resources                     |   | Unassigned                            |   | D                            |   | OH     |   | UG                                                                |   | 5.77                                           |   | 5.77                                           |   | 0.00                                                    |
|                                      |   | (Paw Paw Creek)                       |   |                         |   |   |   |                                                              |   |                                           |   |                                           |   |                                                    |
| Total Northern Appalachian                |   |                                  |   |                         |   |   |   |                                                              |   | 142.38                                         |   | 141.94                                         |   | 0.44                                                    |
| Central Appalachian                       |   |                                  |   |                         |   |   |   |                                                              |   |                                           |   |                                           |   |                                                    |
| Eastern                                   |   | Assigned                              |   | O                            |   | WV     |   | S/UG                                                              |   | 1.67                                           |   | 0.02                                           |   | 1.65                                                    |
| Hazard                                    |   | Assigned                              |   | O                            |   | KY     |   | S                                                                 |   | 10.30                                          |   | 10.30                                          |   | 0.00                                                    |
| Flint Ridge                               |   | Assigned                              |   | O                            |   | KY     |   | UG                                                                |   | 0.09                                           |   | 0.09                                           |   | 0.00                                                    |
| Knott County                         |   | Assigned                              |   | O                            |   | KY     |   | UG                                                                |   | 0.82                                           |   | 0.82                                           |   | 0.00                                                    |
| ICG Natural Resources                     |   | Assigned                              |   | D                            |   | WV     |   | S                                                                 |   | 0.22                                           |   | 0.22                                           |   | 0.00                                                    |
|                                      |   | (Jennie Creek)                        |   |                         |   |   |   |                                                              |   |                                           |   |                                           |   |                                                    |
| ICG Natural Resources                     |   | Unassigned                            |   | D                            |   | KY     |   | S/UG                                                              |   | 35.59                                          |   | 35.59                                          |   | 0.00                                                    |
|                                      |   | (Martin Co.,Muhlenberg Co.) |   |                         |   |   |   |                                                              |   |                                           |   |                                           |   |                                                    |
| ICG Natural Resources                     |   | Unassigned                            |   |                         |   | WV     |   | S/UG                                                              |   | 21.62                                          |   | 21.62                                          |   | 0.00                                                    |
|                                      |   | (Mobil)                               |   |                         |   |   |   |                                                              |   |                                           |   |                                           |   |                                                    |
| Powell Mountain                      |   | Unassigned                            |   | O                            |   | KY/VA  |   | UG                                                                |   | 46.07                                          |   | 46.07                                          |   | 0.00                                                    |
| Beckley                                   |   | Unassigned                            |   | D                            |   | WV     |   | UG                                                                |   | 1.88                                           |   | 0.00                                           |   | 1.88                                                    |
| Juliana Mining Co., Inc.                  |   | Unassigned                            |   | D                            |   | WV     |   | S/UG                                                              |   | 3.10                                           |   | 3.10                                           |   | 0.00                                                    |
| White Wolf Energy, Inc.                   |   | Unassigned                            |   | D                            |   | VA     |   | UG                                                                |   | 2.57                                           |   | 2.57                                           |   | 0.00                                                    |
|                                      |   | (Big Creek)                           |   |                         |   |   |   |                                                              |   |                                           |   |                                           |   |                                                    |
| Total Central Appalachian                 |   |                                  |   |                         |   |   |   |                                                              |   | 123.93                                         |   | 120.40                                         |   | 3.53                                                    |
| Illinois Basin                            |   |                                  |   |                         |   |   |   |                                                              |   |                                           |   |                                           |   |                                                    |
| Illinois                                  |   | Assigned                              |   | O                            |   | IL     |   | UG                                                                |   | 38.47                                          |   | 38.47                                          |   | 0.00                                                    |
|                                      |   | (Viper)                               |   |                         |   |   |   |                                                              |   |                                           |   |                                           |   |                                                    |
| ICG Natural Resources                     |   | Unassigned                            |   |                         |   | IL     |   | UG                                                                |   | 58.46                                          |   | 58.46                                          |   | 0.00                                                    |
|                                      |   | (Illinois)                            |   |                         |   |   |   |                                                              |   |                                           |   |                                           |   |                                                    |
| Total Illinois Basin                      |   |                                  |   |                         |   |   |   |                                                              |   | 96.93                                          |   | 96.93                                          |   | 0.00                                                    |

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Table of Contents

| Mining Operations               |   | Assigned orUnassigned(1) |   | Operating or Development  |   | State  |   | Mining Method Surface (S) or Underground(UG) |   | Total Non-Reserve Coal Deposits |   | Steam Non-Reserve Coal Deposits |   | Metallurgical Non-Reserve Coal Deposits(2)(3) |
|---------------------------------|--------|--------------------------|--------|------------------------------------------|--------|--------|--------|-------------------------------------------------------------|--------|------------------------------------------------|--------|------------------------------------------------|--------|---------------------------------------------------------|
| Ancillary                  |   |                     |   |                                     |   |   |   |                                                        |   | (in million tons)                              |
| ICG Natural Resources           |   | Unassigned               |   |                                     |   | AR     |   | S                                                           |   | 39.15                                          |   | 39.15                                          |   | 0.00                                                    |
|                            |   | (Arkansas)               |   |                                     |   |   |   |                                                        |   |                                           |   |                                           |   |                                                    |
|                            |   | Unassigned               |   |                                     |   | CA     |   | UG                                                          |   | 10.00                                          |   | 10.00                                          |   | 0.00                                                    |
|                            |   | (California)             |   |                                     |   |   |   |                                                        |   |                                           |   |                                           |   |                                                    |
|                            |   | Unassigned               |   |                                     |   | MT     |   | S                                                           |   | 12.00                                          |   | 12.00                                          |   | 0.00                                                    |
|                            |   | (Montana)                |   |                                     |   |   |   |                                                        |   |                                           |   |                                           |   |                                                    |
|                            |   | Unassigned               |   |                                     |   | WA     |   | S                                                           |   | 9.86                                           |   | 9.86                                           |   | 0.00                                                    |
|                            |   | (Washington)             |   |                                     |   |   |   |                                                        |   |                                           |   |                                           |   |                                                    |
| Total Ancillary                 |   |                     |   |                                     |   |   |   |                                                        |   | 71.01                                          |   | 71.01                                          |   | 0.00                                                    |
| Total Non-Reserve Coal Deposits |   |                     |   |                                     |   |   |   | 434.25                                                      |   | 430.28                                         |   | 3.97                                           |

| (1)    | “Assigned non-reserve coal deposits” mean coal which has been committed by the coal company to operating mine shafts, mining equipment and plant facilities, and all coal which has been leased by the coal company to others. “Unassigned non-reserve coal deposits” represent coal which has not been committed, and which would require new mine shafts, mining equipment or plant facilities before operations could begin in the property. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)    | White Wolf Energy, Inc. meets historical metallurgical coal quality specifications.                                                                                                                                                                                                                                                                                                                                                                                     |
| (3)    | We sold coal with ash and/or sulfur contents as high as 10% and 1.5%, respectively, into the metallurgical market from Vindex Energy, Buckhannon and Sentinel in 2010. Similarly, we believe approximately half of the production from Tygart Valley can be sold into the metallurgical market.                                                                                                                                                                         |
|   | For a description of mining properties, see Item 1. Business under the headings “Northern and Central Appalachian Mining Operations” and “Illinois Basin Mining Operations.”                                                                                                                                                                                                                                                                    |

|                                   |   |                                  |   | As Received Quality |
|----------------------------------------|--------|---------------------------------------|--------|---------------------|
| Mining Operations                      |   | Assigned or Unassigned(1)        |   | % Moisture     |   | % Ash |   | % Sulfur |   | Btu/ lb. |   | Lbs. SO2/ million Btus |
| Northern Appalachian                   |   |                                  |   |                |   |   |   |   |   |   |   |   |
| Vindex Energy Corp.(3)                 |   | Unassigned                            |   | 6.00                |   | 14.15 |   | 1.49 |   | 12,409 |   | 2.40 |
| Wolf Run Mining Buckhannon Division(3) |   | Assigned                              |   | 6.00                |   | 8.16 |   | 2.25 |   | 13,011 |   | 3.46 |
|                                   |   | Unassigned                            |   | 6.00                |   | 9.00 |   | 1.20 |   | 13,000 |   | 1.85 |
| Sentinel                               |   | Assigned                              |   | 6.00                |   | 8.30 |   | 1.40 |   | 13,100 |   | 2.14 |
|                                   |   | Unassigned                            |   | 6.00                |   | 8.30 |   | 1.40 |   | 13,100 |   | 2.14 |
| Upshur Property                        |   | Unassigned                            |   | 6.00                |   | 43.00 |   | 2.00 |   | 8,000 |   | 5.00 |
|                                   |   |                                  |   |                |   |   |   |   |   |   |   |   |
| ICG Natural Resources                  |   | Unassigned                            |   | 6.00                |   | 7.62 |   | 2.07 |   | 13,021 |   | 3.18 |
|                                   |   | (Paw Paw Creek)                       |   |                |   |   |   |   |   |   |   |   |
| Central Appalachian                    |   |                                  |   |                |   |   |   |   |   |   |   |   |
| Eastern                                |   | Assigned                              |   | 6.00                |   | 7.41 |   | 1.07 |   | 13,221 |   | 1.62 |
| Hazard                                 |   | Assigned                              |   | 6.00                |   | 12.84 |   | 1.20 |   | 12,008 |   | 2.00 |
| Flint Ridge                            |   | Assigned                              |   | 6.00                |   | 8.15 |   | 1.39 |   | 12,768 |   | 2.18 |
| Knott County                      |   | Assigned                              |   | 6.00                |   | 6.07 |   | 1.60 |   | 13,205 |   | 2.42 |
| ICG Natural Resources                  |   | Assigned                              |   | 7.00                |   | 7.78 |   | 0.63 |   | 12,609 |   | 1.01 |
|                                   |   | (Jennie Creek)                   |   |                |   |   |   |   |   |   |   |   |
| ICG Natural Resources                  |   | Unassigned                            |   | 6.00                |   | 11.47 |   | 1.91 |   | 11,780 |   | 3.24 |
|                                   |   | (Martin Co.,Muhlenberg Co.) |   |                |   |   |   |   |   |   |   |   |
| ICG Natural Resources                  |   | Unassigned                            |   | 6.00                |   | 12.50 |   | 1.10 |   | 12,000 |   | 1.83 |
|                                   |   | (Mobil)                               |   |                |   |   |   |   |   |   |   |   |
| Powell Mountain                   |   | Unassigned                            |   | 6.00                |   | 5.78 |   | 1.21 |   | 13,348 |   | 1.81 |
| Beckley(2)                             |   | Unassigned                            |   | 6.00                |   | 4.80 |   | 0.70 |   | 13,800 |   | 1.01 |
| Juliana Mining Co., Inc.               |   | Unassigned                            |   | 6.00                |   | 7.50 |   | 0.82 |   | 13,100 |   | 1.25 |
| White Wolf Energy, Inc.(2)             |   | Unassigned                            |   | 6.00                |   | 7.40 |   | 0.60 |   | 13,500 |   | 0.89 |
|                                   |   | (Big Creek)                           |   |                |   |   |   |   |   |   |   |   |

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|                  |    |                           |    | As received quality |
|-----------------------|--------------|--------------------------------|--------------|---------------------|
| Mining operations     |    | Assigned or Unassigned(1) |    | % Moisture     |    | % Ash |    | % Sulfur |    | Btu/ lb. |    | Lbs. SO2/ million Btus |
| Illinois Basin        |    |                           |    |                |    |   |    |   |    |   |    |   |
| Illinois              |    | Assigned                       |    | 16.00               |   | 9.50 |   | 3.50 |   | 10,500 |   | 6.67 |
|                  |    | (Viper)                        |    |                |   |   |   |   |   |   |   |   |
| ICG Natural Resources |    | Unassigned                     |    | 13.00               |   | 9.00 |   | 3.00 |   | 11,000 |   | 5.45 |
|                  |    | (Illinois)                     |    |                |   |   |   |   |   |   |   |   |
| Ancillary             |         |                           |         |                |   |   |   |   |   |   |   |   |
| ICG Natural Resources |    | Unassigned                     |    | *                   |   | 8.00 |   | 0.40 |   | 5,650 |   | 1.42 |
|                  |    | (Arkansas)                     |    |                |   |   |   |   |   |   |   |   |
|                  |    | Unassigned                     |    | 6.00                |   | 13.00 |   | 3.50 |   | 11,700 |   | 5.98 |
|                  |    | (California)                   |    |                |   |   |   |   |   |   |   |   |
|                  |    | Unassigned                     |    | *                   |   | 8.00 |   | 0.30 |   | 8,900 |   | 0.67 |
|                  |    | (Montana)                      |    |                |   |   |   |   |   |   |   |   |
|                  |    | Unassigned                     |    | *                   |   | 8.00 |   | 0.50 |   | 7,025 |   | 1.42 |
|                  |    | (Washington)                   |    |                |   |   |   |   |   |   |   |   |

| (1)    | “Assigned non-reserve coal deposits” mean coal which has been committed by the coal company to operating mine shafts, mining equipment and plant facilities, and all coal which has been leased by the coal company to others. “Unassigned non-reserve coal deposits” represent coal which has not been committed, and which would require new mineshafts, mining equipment or plant facilities before operations could begin in the property. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)    | White Wolf Energy, Inc. meets historical metallurgical coal quality specifications.                                                                                                                                                                                                                                                                                                                                                                                    |
| (3)    | We sold coal with ash and/or sulfur contents as high as 10% and 1.5%, respectively, into the metallurgical market from Vindex Energy, Buckhannon and Sentinel in 2010. Similarly, we believe approximately half of the production from Tygart Valley can be sold into the metallurgical market.                                                                                                                                                                        |
| *      | Undeterminable                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | For a description of mining properties, see Item 1. Business under the headings “Northern and Central Appalachian Mining Operations” and “Illinois Basin Mining Operations.”                                                                                                                                                                                                                                                                   |

| ITEM 3. | LEGAL PROCEEDINGS |
|--------------|-------------------|

| ITEM 4. | (REMOVED AND RESERVED) |
|--------------|------------------------|

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| ITEM 5. | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES |
|--------------|--------------------------------------------------------------------------------------------------------------------|

|                                              |   | Stock Price |   |
|---------------------------------------------------|--------|-------------|--------|
|                                              |   | High        |   |   | Low |   |
| 2010                                              |   |        |   |   |   |   |
| January 1, 2010 through March 31, 2010  |   | $           | 4.89   |   |   | $ | 3.36 |   |
| April 1, 2010 through June 30, 2010     |   |        | 5.71   |   |   |   | 3.59 |   |
| July 1, 2010 through September 30, 2010 |   |        | 5.49   |   |   |   | 3.62 |   |
| October 1, 2010 through December 31, 2010    |   |        | 8.59   |   |   |   | 5.24 |   |
|                                              |   |        |   |   |   |   |   |   |
| 2009                                              |   |        |   |   |   |   |   |   |
| January 1, 2009 through March 31, 2009  |   | $           | 3.24   |   |   | $ | 1.09 |   |
| April 1, 2009 through June 30, 2009     |   |        | 3.70   |   |   |   | 1.54 |   |
| July 1, 2009 through September 30, 2009 |   |        | 4.59   |   |   |   | 2.24 |   |
| October 1, 2009 through December 31, 2009    |   |        | 5.35   |   |   |   | 3.47 |   |

|                                                      |   | Equity Compensation Plan Information                                                                 |
|-----------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------|
| Plan Category                                             |   | Number of Securities To Be Issued Upon Exercise of Outstanding Options |    | Weighted Average Exercise Price of Outstanding Options |    | Number of Securities Remaining Available For Future Issuance Under Equity Compensation Plans |
| Equity compensation plans approved by stockholders(1)     |   | 5,420,531                                                                                            |    | $ | 4.56 |    | 9,752,668 |
| Equity compensation plans not approved by stockholders(2) |   | 319,052                                                                                              |    |   | 10.97 |    | —   |
|                                                      |   | 5,739,583                                                                                            |    | $ | 4.91 |    | 9,752,668 |

| (1) | We have one compensation plan: the 2005 Equity and Performance Incentive Plan, as amended by stockholder approval on May 20, 2009.                              |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Represents stock option grant to purchase 319,052 shares of our common stock to our President and Chief Executive Officer pursuant to his employment agreement. |

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Table of Contents

|        Period |      Number of Shares Purchased(1) |   |    WeightedAverage Price Paid per Share(1) |           | Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs |
|--------------------------------------------------|-------------------------------------------------------------|--------|-----------------------------------------------------------|---------------------|----------------------------------------------------------------------------|------------------------------------------------------------------------------------------|
| January 1, 2010 through January 31, 2010         | —                                           |   | $                                                         | —   |                                                                       | —                                                                        | —   |
| February 1, 2010 through February 28, 2010       | —                                           |   |                                                      | —   |                                                                       | —                                                                        | —   |
| March 1, 2010 through March 31, 2010             | 2,627                                                       |   |                                                      | 4.45                |                                                                       | —                                                                        | —   |
| April 1, 2010 through April 30, 2010             | 35,914                                                      |   |                                                      | 5.27                |                                                                       | —                                                                        | —   |
| May 1, 2010 through May 31, 2010                 | —                                           |   |                                                      | —   |                                                                       | —                                                                        | —   |
| June 1, 2010 through June 30, 2010               | 330                                                         |   |                                                      | 3.85                |                                                                       | —                                                                        | —   |
| July 1, 2010 through July 31, 2010               | —                                           |   |                                                      | —   |                                                                       | —                                                                        | —   |
| August 1, 2010 through August 31, 2010           | —                                           |   |                                                      | —   |                                                                       | —                                                                        | —   |
| September 1, 2010 through September 30, 2010     | —                                           |   |                                                      | —   |                                                                       | —                                                                        | —   |
| October 1, 2010 through October 31, 2010         | —                                           |   |                                                      | —   |                                                                       | —                                                                        | —   |
| November 1, 2010 through November 30, 2010       | —                                           |   |                                                      | —   |                                                                       | —                                                                        | —   |
| December 1, 2010 through December 31, 2010       | —                                           |   |                                                      | —   |                                                                       | —                                                                        | —   |
| Total                                            | 38,871                                                      |   | $                                                         | 5.21                |                                                                       | —                                                                        | —   |

| (1) | During the year ended December 31, 2010, we withheld 38,871 shares of common stock from employees to satisfy estimated tax obligations upon the vesting of restricted stock under the terms of our Amended and Restated 2005 Equity and Performance Incentive Plan. The value of the common stock that was withheld was based upon the closing price of our common stock on the applicable vesting dates. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ITEM 6. | SELECTED FINANCIAL DATA |
|--------------|-------------------------|

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Table of Contents

|                                                             |   | Year ended December 31, |                |
|------------------------------------------------------------------|--------|-------------------------|---------------------|
|                                                             |   | 2010                    |                |    | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
| Statement of Operations Data:                                    |   |                    |                |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Coal sales revenues                                              |   | $                       | 1,078,246           |   |    | $ | 1,006,606 |   |   | $ | 998,245 |   |   | $ | 770,663 |   |   | $ | 833,998 |   |
| Freight and handling revenues                                    |   |                    | 35,411              |   |    |   | 26,279 |   |   |   | 45,231 |   |   |   | 29,594 |   |   |   | 18,890 |   |
| Other revenues                                                   |   |                    | 52,814              |   |    |   | 92,464 |   |   |   | 53,260 |   |   |   | 48,898 |   |   |   | 38,706 |   |
| Total revenues                                                   |   |                    | 1,166,471           |   |    |   | 1,125,349 |   |   |   | 1,096,736 |   |   |   | 849,155 |   |   |   | 891,594 |   |
| Costs and Expenses:                                              |   |                    |                |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of coal sales                                               |   |                    | 850,328             |   |    |   | 832,214 |   |   |   | 882,983 |   |   |   | 732,112 |   |   |   | 739,914 |   |
| Freight and handling costs                                       |   |                    | 35,411              |   |    |   | 26,279 |   |   |   | 45,231 |   |   |   | 29,594 |   |   |   | 18,890 |   |
| Cost of other revenues                                           |   |                    | 48,331              |   |   |   | 36,089 |   |   |   | 35,672 |   |   |   | 34,046 |   |   |   | 29,418 |   |
| Depreciation, depletion and amortization                         |   |                    | 104,566             |   |    |   | 106,084 |   |   |   | 96,047 |   |   |   | 86,517 |   |   |   | 72,218 |   |
| Selling, general and administrative                              |   |                    | 35,569              |   |    |   | 32,749 |   |   |   | 38,147 |   |   |   | 33,325 |   |   |   | 34,578 |   |
| Gain on sale of assets                                           |   |                    | (4,243              | ) |    |   | (3,659 | ) |   |   | (32,518 | ) |   |   | (38,656 | ) |   |   | (1,125 | ) |
| Goodwill impairment loss                                         |   |                    | —   |   |   |   | —   |   |   |   | 30,237 |   |   |   | 170,402 |   |   |   | —   |   |
| Long-lived asset impairment loss                                 |   |                    | —   |   |    |   | —   |   |   |   | 7,191 |   |   |   | —   |   |   |   | —   |   |
| Total costs and expenses                                         |   |                    | 1,069,962           |   |    |   | 1,029,756 |   |   |   | 1,102,990 |   |   |   | 1,047,340 |   |   |   | 893,893 |   |
| Income (loss) from operations                                    |   |                    | 96,509              |   |    |   | 95,593 |   |   |   | (6,254 | ) |   |   | (198,185 | ) |   |   | (2,299 | ) |
| Interest and Other Income (Expense):                             |   |                    |                |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss on extinguishment of debt                                   |   |                    | (29,409             | ) |    |   | (13,293 | ) |   |   | —   |   |   |   | —   |   |   |   | —   |   |
| Interest expense, net                                            |   |                    | (40,736             | ) |    |   | (53,044 | ) |   |   |  (43,643 | ) |   |   | (35,989 | ) |   |   | (18,091 | ) |
| Other, net                                                       |   |                    | —   |   |    |   | —   |   |   |   | —   |   |   |   | 319 |   |   |   | 2,113 |   |
| Total interest and other income (expense)                        |   |                    | (70,145             | ) |    |   | (66,337 | ) |   |   |  (43,643 | ) |   |   | (35,670 | ) |   |   | (15,978 | ) |
| Income (loss) before income taxes                                |   |                    | 26,364              |   |    |   | 29,256 |   |   |   | (49,897 | ) |   |   | (233,855 | ) |   |   | (18,277 | ) |
| Income tax benefit (expense)                                     |   |                    | 3,750               |   |    |   | (7,732 | )  |   |   | 23,670 |   |   |   | 85,944 |   |   |   | 9,015 |   |
| Net income (loss)                                                |   |                    | 30,114              |   |   |   | 21,524 |   |   |   | (26,227 | ) |   |   | (147,911 | ) |   |   | (9,262 | ) |
| Net (income) loss attributable to noncontrolling interest        |   |                    | (3                  | ) |    |   | (66 | ) |   |   | —   |   |   |   | 349 |   |   |   | (58 | ) |
| Net income (loss) attributable to International Coal Group, Inc. |   | $                       | 30,111              |   |    | $ | 21,458 |   |   | $ | (26,227 | ) |   | $ | (147,562 | ) |   | $ | (9,320 | ) |

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|                                             |   | Year ended December 31, |        |
|--------------------------------------------------|--------|-------------------------|-------------|
|                                             |   | 2010                    |        |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
| Earnings Per Share:                              |   |                    |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Basic                    |   | $                       | 0.15        |   |   | $ | 0.14 |   |   | $ | (0.17 | ) |   | $ | (0.97 | ) |   | $ | (0.06 | ) |
| Diluted                                          |   |                    | 0.15        |   |   |   | 0.14 |   |   |   | (0.17 | ) |   |   | (0.97 | ) |   |   | (0.06 | ) |
| Weighted-Average Common Shares Outstanding:      |   |                    |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                            |   |                    | 197,366,978 |   |   |   | 153,630,446 |   |   |   | 152,632,586 |   |   |   | 152,304,461 |   |   |   | 152,028,165 |   |
| Diluted                                          |   |                    | 205,283,999 |   |   |   | 155,386,263 |   |   |   | 152,632,586 |   |   |   | 152,304,461 |   |   |   | 152,028,165 |   |
| Balance Sheet Data (at year end):                |   |                    |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents                        |   | $                       | 215,276     |   |   | $ | 92,641 |   |   | $ | 63,930 |   |   | $ | 107,150 |   |   | $ | 18,742 |   |
| Total assets                                     |   |                    | 1,479,697   |   |   |   | 1,367,960 |   |   |   | 1,350,647 |   |   |   | 1,303,363 |   |   |   | 1,316,891 |   |
| Long-term debt and capital leases                |   |                    | 326,350     |   |   |   | 384,309 |   |   |   | 432,870 |   |   |   | 391,248 |   |   |   | 180,035 |   |
| Total liabilities                                |   |                    | 725,432     |   |   |   | 758,726 |   |   |   | 841,530 |   |   |   | 771,595 |   |   |   | 655,326 |   |
| Total stockholders’ equity                 |   |                    | 754,265     |   |   |   | 609,234 |   |   |   | 509,117 |   |   |   | 531,768 |   |   |   | 661,565 |   |
| Total liabilities and stockholders’ equity |   |                    | 1,479,697   |   |   |   | 1,367,960 |   |   |   | 1,350,647 |   |   |   | 1,303,363 |   |   |   | 1,316,891 |   |
| Statement of Cash Flows Data:                    |   |                    |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash from:                                   |   |                    |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating activities                             |   | $                       | 187,431     |   |   | $ | 115,754 |   |   | $ | 78,729 |   |   | $ | 22,471 |   |   | $ | 55,591 |   |
| Investing activities                             |   |                    | (89,341     | ) |   |   | (73,158 | ) |   |   | (124,040 | ) |   |   | (126,907 | ) |   |   | (160,769 | ) |
| Financing activities                             |   |                    | 24,545      |   |   |   | (13,885 | )  |   |   | 2,091 |   |   |   | 192,844 |   |   |   | 114,733 |   |
| Capital expenditures                             |   |                    | 102,912     |   |   |   | 66,345 |   |   |   | 132,800 |   |   |   | 160,807 |   |   |   | 165,658 |   |

| ITEM 7. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|--------------|---------------------------------------------------------------------------------------------|

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|                          |    | Year endedDecember 31,                                             |      | Increase (Decrease) |   |
|-------------------------------|--------------|--------------------------------------------------------------------|-----------|--------------------------|--------|
|                          |    | 2010                                                               |      |                     | 2009   |   | $ or Tons |   | % |   |
|                          |    | (in thousands, except percentages and per ton data) |      |
| Coal sales revenues           |    | $                                                                  | 1,078,246 |                     |   | $ | 1,006,606 |   | $ | 71,640 |   | 7 | % |
| Freight and handling revenues |    |                                                               | 35,411    |                     |   |   | 26,279 |   |   | 9,132 |   | 35 | % |
| Other revenues                |    |                                                               | 52,814    |                     |   |   | 92,464 |   |   | (39,650 | ) | (43 | )% |
| Total revenues                |    | $                                                                  | 1,166,471 |                     |   | $ | 1,125,349 |   | $ | 41,122 |   | 4 | % |
|                          |         |                                                               |      |                     |   |   |   |   |   |   |   |   |   |
| Tons sold                     |    |                                                               | 16,342    |                     |   |   | 16,833 |   |   | (491 | ) | (3 | )% |
| Coal sales revenue per ton    |    | $                                                                  | 65.98     |                     |   | $ | 59.80 |   | $ | 6.18 |   | 10 | %  |

|                      |    | Year endedDecember 31,                            |      | Increase (Decrease) |   |
|---------------------------|--------------|---------------------------------------------------|-----------|--------------------------|--------|
|                      |    | 2010                                              |      |                     | 2009   |   | $ |   | % |   |
|                      |    | (in thousands, except percentages) |      |
| Central Appalachian       |    | $                                                 | 683,994   |                     |   | $ | 682,088 |   | $ | 1,906 |   | * | % |
| Northern Appalachian      |    |                                              | 278,877   |                     |   |   | 207,022 |   |   | 71,855 |   | 35 | % |
| Illinois Basin       |    |                                              | 87,654    |                     |   |   | 75,817 |   |   | 11,837 |   | 16 | % |
| Ancillary                 |    |                                              | 27,721    |                     |   |   | 41,679 |   |   | (13,958 | ) | (33 | )% |
| Total coal sales revenues |         | $                                                 | 1,078,246 |                     |   | $ | 1,006,606 |   | $ | 71,640 |   | 7 | % |

|                 |    | Year endedDecember 31,                            |   | Increase (Decrease) |   |
|----------------------|--------------|---------------------------------------------------|--------|--------------------------|--------|
|                 |    | 2010                                              |   |                     | 2009   |   | Tons |   | % |   |
|                 |    | (in thousands, except percentages) |   |
| Central Appalachian  |    |                                              | 9,324  |                     |   |   | 9,984 |   | (660 | ) | (7 | )% |
| Northern Appalachian |    |                                              | 4,120  |                     |   |   | 3,803 |   | 317 |   | 8 | % |
| Illinois Basin  |    |                                              | 2,383  |                     |   |   | 2,254 |   | 129 |   | 6 | % |
| Ancillary            |    |                                              | 515    |                     |   |   | 792 |   | (277 | ) | (35 | )% |
| Total tons sold      |         |                                              | 16,342 |                     |   |   | 16,833 |   | (491 | ) | (3 | )% |

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|                                         |    | Year endedDecember 31,                                             |      | Increase (Decrease) |   |
|----------------------------------------------|--------------|--------------------------------------------------------------------|-----------|--------------------------|--------|
|                                         |    | 2010                                                               |      |                     | 2009   |   | $ |   | % |   |
|                                         |    | (in thousands, except percentages and per ton data) |      |
| Cost of coal sales                           |    | $                                                                  | 850,328   |                     |   | $ | 832,214 |   | $ | 18,114 |   | 2 | % |
| Freight and handling costs                   |    |                                                               | 35,411    |                     |   |   | 26,279 |   |   | 9,132 |   | 35 | % |
| Cost of other revenues                       |         |                                                               | 48,331    |                     |   |   | 36,089 |   |   | 12,242 |   | 34 | % |
| Depreciation, depletion and amortization     |         |                                                               | 104,566   |                     |   |   | 106,084 |   |   | (1,518 | ) | (1 | )% |
| Selling, general and administrative expenses |         |                                                               | 35,569    |                     |   |   | 32,749 |   |   | 2,820 |   | 9 | % |
| Gain on sale of assets                       |         |                                                               | (4,243    | )                        |   |   | (3,659 | ) |   | (584 | ) | (16 | )% |
| Total costs and expenses                     |    | $                                                             | 1,069,962 |                     |   | $  | 1,029,756 |   | $  | 40,206 |   | 4 | % |
|                                         |         |                                                               |      |                     |   |   |   |   |   |   |   |   |   |
| Cost of coal sales per ton                   |    | $                                                                  | 52.03     |                     |   | $ | 49.44 |   | $ | 2.59 |   | 5 | %  |

|                 |    | Year endedDecember 31,                            |    | Increase (Decrease) |   |
|----------------------|--------------|---------------------------------------------------|---------|--------------------------|--------|
|                 |    | 2010                                              |    |                     | 2009   |   | $ |   | % |   |
|                 |    | (in thousands, except percentages) |    |
| Central Appalachian  |    | $                                                 | 542,942 |                     |   | $ | 554,368 |   | $ | (11,426 | ) | (2 | )% |
| Northern Appalachian |    |                                              | 216,127 |                     |   |   | 182,607 |   |   | 33,520 |   | 18 | % |
| Illinois Basin  |    |                                              | 65,880  |                     |   |   | 62,958 |   |   | 2,922 |   | 5 | % |
| Ancillary            |    |                                              | 25,379  |                     |   |   | 32,281 |   |   | (6,902 | ) | (21 | )% |
| Cost of coal sales   |         | $                                                 | 850,328 |                     |   | $ | 832,214 |   | $ | 18,114 |   | 2 | % |

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|                  |    | Year endedDecember 31,                            |    | Increase (Decrease) |   |
|-----------------------|--------------|---------------------------------------------------|---------|--------------------------|--------|
|                  |    | 2010                                              |    |                     | 2009   |   | $ |   | % |   |
|                  |    | (in thousands, except percentages) |    |
| Central Appalachian   |    | $                                                 | 146,700 |                     |   | $ | 169,842 |   | $ | (23,142 | ) | (14 | )% |
| Northern Appalachian  |    |                                              | 58,622  |                     |   |   | 31,005 |   |   | 27,617 |   | 89 | % |
| Illinois Basin   |    |                                              | 23,736  |                     |   |   | 14,405 |   |   | 9,331 |   | 65 | % |
| Ancillary             |    |                                              | (27,983 | )                        |   |   | (13,575 | )  |   | (14,408 | ) | (106 | )% |
| Total Adjusted EBITDA |         | $                                                 | 201,075 |                     |   | $ | 201,677 |   | $ | (602 | ) | * | % |

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|                                                      |    | Year endedDecember 31,                            |    | Increase (Decrease) |   |
|-----------------------------------------------------------|--------------|---------------------------------------------------|---------|--------------------------|--------|
|                                                      |    | 2010                                              |    |                     | 2009   |   | $ |   | % |   |
|                                                      |    | (in thousands, except percentages) |    |
| Central Appalachian                                       |    |                                              |    |                     |   |   |   |   |   |   |   |   |   |
| Net income attributable to International Coal Group, Inc. |    | $                                            | 72,131  |                     |   | $  | 91,841 |   | $  | (19,710 | ) | (21 | )% |
| Depreciation, depletion and amortization                  |    |                                              | 70,045  |                     |   |   | 71,298 |   |   | (1,253 | ) | (2 | )% |
| Interest expense, net                                     |         |                                              | 4,463   |                     |   |   | 4,488 |   |   | (25 | ) | (1 | )% |
| Income tax expense                                        |         |                                              | 61      |                     |   |   | 2,215 |   |   | (2,154 | ) | (97 | )% |
| Adjusted EBITDA                                           |         | $                                                 | 146,700 |                     |   | $ | 169,842 |   | $ | (23,142 | ) | (14 | )% |

|                                                      |    | Year endedDecember 31,                            |   | Increase (Decrease) |   |
|-----------------------------------------------------------|--------------|---------------------------------------------------|--------|--------------------------|--------|
|                                                      |    | 2010                                              |   |                     | 2009   |   | $ |   | % |   |
|                                                      |    | (in thousands, except percentages) |   |
| Northern Appalachian                                      |         |                                              |   |                     |   |   |   |   |   |   |   |   |   |
| Net income attributable to International Coal Group, Inc. |    | $                                            | 31,612 |                     |   | $  | 7,994 |   | $  | 23,618 |   | 295 | % |
| Depreciation, depletion and amortization                  |    |                                              | 20,491 |                     |   |   | 20,991 |   |   | (500 | ) | (2 | )% |
| Interest expense, net                                     |         |                                              | 690    |                     |   |   | 531 |   |   | 159 |   | 30 | % |
| Income tax expense                                        |         |                                              | 5,826  |                     |   |   | 1,423 |   |   | 4,403 |   | 309 | % |
| Noncontrolling interest                                   |    |                                              | 3      |                     |   |   | 66 |   |   | (63 | ) | (95 | )% |
| Adjusted EBITDA                                           |         | $                                                 | 58,622 |                     |   | $ | 31,005 |   | $ | 27,617 |   | 89 | % |

|                                                      |    | Year endedDecember 31,                            |   | Increase (Decrease) |   |
|-----------------------------------------------------------|--------------|---------------------------------------------------|--------|--------------------------|--------|
|                                                      |    | 2010                                              |   |                     | 2009   |   | $ |   | % |   |
|                                                      |    | (in thousands, except percentages) |   |
| Illinois Basin                                       |         |                                              |   |                     |   |   |   |   |   |   |   |   |   |
| Net income attributable to International Coal Group, Inc. |    | $                                                 | 15,035 |                     |   | $  | 6,080 |   | $  | 8,955 |   | 147 | % |
| Depreciation, depletion and amortization                  |    |                                              | 9,131  |                     |   |   | 7,957 |   |   | 1,174 |   | 15 | % |
| Interest expense, net                                     |         |                                              | 247    |                     |   |   | 579 |   |   | (332 | ) | (57 | )% |
| Income tax benefit                                        |         |                                              | (677   | )                        |   |   | (211 | ) |   | (466 | ) | (221 | )% |
| Adjusted EBITDA                                           |         | $                                                 | 23,736 |                     |   | $ | 14,405 |   | $ | 9,331 |   | 65 | % |

|                                                    |    | Year endedDecember 31,                            |    | Increase (Decrease) |   |
|---------------------------------------------------------|--------------|---------------------------------------------------|---------|--------------------------|--------|
|                                                    |    | 2010                                              |    |                     | 2009   |   | $ |   | % |   |
|                                                    |    | (in thousands, except percentages) |    |
| Ancillary                                               |         |                                              |    |                     |   |   |   |   |   |   |   |   |   |
| Net loss attributable to International Coal Group, Inc. |    | $                                                 | (88,667 | )                        |   | $  | (84,457 | ) | $  | (4,210 | ) | (5 | )% |
| Depreciation, depletion and amortization                |    |                                              | 4,899   |                     |   |   | 5,838 |   |   | (939 | ) | (16 | )% |
| Interest expense, net                                   |         |                                              | 35,336  |                     |   |   | 47,446 |   |   | (12,110 | ) | (26 | )% |
| Income tax (benefit) expense                            |    |                                              | (8,960  | )                        |   |   | 4,305 |   |   | (13,265 | ) | (308 | )% |
| Loss on extinguishment of debt                          |         |                                              | 29,409  |                     |   |   | 13,293 |   |   | 16,116 |   | 121 | % |
| Adjusted EBITDA                                         |         | $                                                 | (27,983 | )                        |   | $ | (13,575 | ) | $ | (14,408 | ) | (106 | )% |

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|                                                      |    | Year endedDecember 31,                            |    | Increase (Decrease) |   |
|-----------------------------------------------------------|--------------|---------------------------------------------------|---------|--------------------------|--------|
|                                                      |    | 2010                                              |    |                     | 2009   |   | $ |   | % |   |
|                                                      |    | (in thousands, except percentages) |    |
| Consolidated                                              |    |                                              |    |                     |   |   |   |   |   |   |   |   |   |
| Net income attributable to International Coal Group, Inc. |    | $                                                 | 30,111  |                     |   |  $ | 21,458 |   |  $ | 8,653 |   | 40 | % |
| Depreciation, depletion and amortization                  |    |                                              | 104,566 |                     |   |   | 106,084 |   |   | (1,518 | ) | (1 | )% |
| Interest expense, net                                     |         |                                              | 40,736  |                     |   |   | 53,044 |   |   | (12,308 | ) | (23 | )% |
| Income tax (benefit) expense                              |         |                                              | (3,750  | )                        |   |   | 7,732 |   |   | (11,482 | ) | (148 | )% |
| Loss on extinguishment of debt                            |         |                                              | 29,409  |                     |   |   | 13,293 |   |   | 16,116 |   | 121 | % |
| Noncontrolling interest                                   |    |                                              | 3       |                     |   |   | 66 |   |   | (63 | ) | (95 | )% |
| Adjusted EBITDA                                           |         | $                                                 | 201,075 |                     |   | $ | 201,677 |   | $ | (602 | ) | * | % |

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|                          |    | Year endedDecember 31,                                             |      | Increase (Decrease) |   |
|-------------------------------|--------------|--------------------------------------------------------------------|-----------|--------------------------|--------|
|                          |    | 2009                                                               |      |                     | 2008   |   | $ or Tons |   | % |   |
|                          |    | (in thousands, except percentages and per ton data) |      |
| Coal sales revenues           |    | $                                                                  | 1,006,606 |                     |   | $ | 998,245 |   | $ | 8,361 |   | 1 | % |
| Freight and handling revenues |    |                                                               | 26,279    |                     |   |   | 45,231 |   |   | (18,952 | )  | (42 | )% |
| Other revenues                |    |                                                               | 92,464    |                     |   |   | 53,260 |   |   | 39,204 |   | 74 | % |
| Total revenues                |    | $                                                                  | 1,125,349 |                     |   | $ | 1,096,736 |   | $ | 28,613 |   | 3 | % |
|                          |         |                                                               |      |                     |   |   |   |   |   |   |   |   |   |
| Tons sold                     |    |                                                               | 16,833    |                     |   |   | 18,914 |   |   | (2,081 | )  | (11 | )% |
| Coal sales revenue per ton    |    | $                                                                  | 59.80     |                     |   | $ | 52.78 |   | $ | 7.02 |   | 13 | %  |

|                      |    | Year endedDecember 31,                            |      | Increase (Decrease) |   |
|---------------------------|--------------|---------------------------------------------------|-----------|--------------------------|--------|
|                      |    | 2009                                              |      |                     | 2008   |   | $ |   | % |   |
|                      |    | (in thousands, except percentages) |      |
| Central Appalachian       |    | $                                                 | 682,088   |                     |   | $ | 672,077 |   | $ | 10,011 |   | 1 | % |
| Northern Appalachian      |    |                                              | 207,022   |                     |   |   | 209,932 |   |   | (2,910 | )  | (1 | )% |
| Illinois Basin       |    |                                              | 75,817    |                     |   |   | 69,796 |   |   | 6,021 |   | 9 | % |
| Ancillary                 |    |                                              | 41,679    |                     |   |   | 46,440 |   |   | (4,761 | ) | (10 | )% |
| Total coal sales revenues |         | $                                                 | 1,006,606 |                     |   | $ | 998,245 |   | $ | 8,361 |   | 1 | % |

|                 |    | Year endedDecember 31,                            |   | Increase (Decrease) |   |
|----------------------|--------------|---------------------------------------------------|--------|--------------------------|--------|
|                 |    | 2009                                              |   |                     | 2008   |   | Tons |   | % |   |
|                 |    | (in thousands, except percentages) |   |
| Central Appalachian  |    |                                              | 9,984  |                     |   |   | 11,617 |   | (1,633 | )  | (14 | )% |
| Northern Appalachian |    |                                              | 3,803  |                     |   |   | 3,937 |   | (134 | )  | (3 | )% |
| Illinois Basin  |    |                                              | 2,254  |                     |   |   | 2,331 |   | (77 | )  | (3 | )% |
| Ancillary            |    |                                              | 792    |                     |   |   | 1,029 |   | (237 | ) | (23 | )% |
| Total tons sold      |         |                                              | 16,833 |                     |   |   | 18,914 |   | (2,081 | )  | (11 | )% |

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|                                         |    | Year endedDecember 31,                                             |                | Increase (Decrease) |   |
|----------------------------------------------|--------------|--------------------------------------------------------------------|---------------------|--------------------------|--------|
|                                         |    | 2009                                                               |                |                     | 2008   |   | $ |   | % |   |
|                                         |    | (in thousands, except percentages and per ton data) |                |
| Cost of coal sales                           |    | $                                                                  | 832,214             |                     |   | $ | 882,983 |   | $ | (50,769 | )  | (6 | )% |
| Freight and handling costs                   |    |                                                               | 26,279              |                     |   |   | 45,231 |   |   | (18,952 | )  | (42 | )% |
| Cost of other revenues                       |         |                                                               | 36,089              |                     |   |   | 35,672 |   |   | 417 |   | 1 | % |
| Depreciation, depletion and amortization     |         |                                                               | 106,084             |                     |   |   | 96,047 |   |   | 10,037 |   | 10 | % |
| Selling, general and administrative expenses |         |                                                               | 32,749              |                     |   |   | 38,147 |   |   | (5,398 | )  | (14 | )% |
| Gain on sale of assets                       |         |                                                               | (3,659              | )                        |   |   | (32,518 | ) |   | 28,859 |   | 89 | % |
| Impairment loss                              |         |                                                               | —   |                     |   |   | 37,428 |   |   | (37,428 | ) | (100 | )% |
| Total costs and expenses                     |    | $                                                             | 1,029,756           |                     |   | $  | 1,102,990 |   | $  | (73,234 | )  | (7 | )% |
|                                         |         |                                                               |                |                     |   |   |   |   |   |   |   |   |   |
| Cost of coal sales per ton                   |    | $                                                                  | 49.44               |                     |   | $ |  46.68 |   | $ | 2.76 |   | 6 | %  |

|                 |    | Year endedDecember 31,                            |    | Increase (Decrease) |   |
|----------------------|--------------|---------------------------------------------------|---------|--------------------------|--------|
|                 |    | 2009                                              |    |                     | 2008   |   | $ |   | % |   |
|                 |    | (in thousands, except percentages) |    |
| Central Appalachian  |    | $                                                 | 554,368 |                     |   | $ | 595,683 |   | $ | (41,315 | ) | (7 | )% |
| Northern Appalachian |    |                                              | 182,607 |                     |   |   | 193,389 |   |   | (10,782 | ) | (6 | )% |
| Illinois Basin  |    |                                              | 62,958  |                     |   |   | 57,424 |   |   | 5,534 |   | 10 | % |
| Ancillary            |    |                                              | 32,281  |                     |   |   | 36,487 |   |   | (4,206 | ) | (12 | )% |
| Cost of coal sales   |         | $                                                 | 832,214 |                     |   | $ | 882,983 |   | $ | (50,769 | ) | (6 | )% |

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|                  |    | Year endedDecember 31,                            |    | Increase (Decrease) |   |
|-----------------------|--------------|---------------------------------------------------|---------|--------------------------|--------|
|                  |    | 2009                                              |    |                     | 2008   |   | $ |   | % |   |
|                  |    | (in thousands, except percentages) |    |
| Central Appalachian   |    | $                                                 | 169,842 |                     |   | $ | 107,186 |   | $ | 62,656 |   | 58 | % |
| Northern Appalachian  |    |                                              | 31,005  |                     |   |   | 23,687 |   |   | 7,318 |   | 31 | % |
| Illinois Basin   |    |                                              | 14,405  |                     |   |   | 14,784 |   |   | (379 | ) | (3 | )% |
| Ancillary             |    |                                              | (13,575 | )                   |   |   | (18,436 | ) |   | 4,861 |   | 26 | % |
| Total Adjusted EBITDA |         | $                                                 | 201,677 |                     |   | $ | 127,221 |   | $ | 74,456 |   | 59 | % |

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|                                                      |    | Year endedDecember 31,                            |    | Increase (Decrease) |   |
|-----------------------------------------------------------|--------------|---------------------------------------------------|---------|--------------------------|--------|
|                                                      |    | 2009                                              |    |                     | 2008   |   | $ |   | % |   |
|                                                      |    | (in thousands, except percentages) |    |
| Central Appalachian                                       |    |                                              |    |                     |   |   |   |   |   |   |   |   |   |
| Net income attributable to International Coal Group, Inc. |    | $                                            | 91,841  |                     |   | $  | 47,244 |   | $  | 44,597 |   | 94 | % |
| Depreciation, depletion and amortization                  |    |                                              | 71,298  |                     |   |   | 64,132 |   |   | 7,166 |   | 11 | % |
| Interest expense, net                                     |         |                                              | 4,488   |                     |   |   | 2,145 |   |   | 2,343 |   | 109 | % |
| Income tax (benefit) expense                              |         |                                              | 2,215   |                     |   |   | (6,335 | ) |   | 8,550 |   | * | % |
| Adjusted EBITDA                                           |         | $                                                 | 169,842 |                     |   | $ | 107,186 |   | $ | 62,656 |   | 58 | % |

|                                                      |    | Year endedDecember 31,                            |                | Increase (Decrease) |   |
|-----------------------------------------------------------|--------------|---------------------------------------------------|---------------------|--------------------------|--------|
|                                                      |    | 2009                                              |                |                     | 2008   |   | $ |   | % |   |
|                                                      |    | (in thousands, except percentages) |                |
| Northern Appalachian                                      |         |                                              |                |                     |   |   |   |   |   |   |   |   |   |
| Net income attributable to International Coal Group, Inc. |    | $                                            | 7,994               |                     |   | $  | 3,217 |   | $  | 4,777 |   | 148 | % |
| Depreciation, depletion and amortization                  |    |                                              | 20,991              |                     |   |   | 17,884 |   |   | 3,107 |   | 17 | % |
| Interest expense, net                                     |         |                                              | 531                 |                     |   |   | 717 |   |   | (186 | ) | (26 | )% |
| Income tax (benefit) expense                              |         |                                              | 1,423               |                     |   |   | (5,322 | ) |   | 6,745 |   | * | % |
| Impairment loss                                           |         |                                              | —   |                     |   |   | 7,191 |   |   | (7,191 | ) | (100 | )% |
| Noncontrolling interest                                   |    |                                              | 66                  |                     |   |   | —   |   |   | 66 |   | 100 | % |
| Adjusted EBITDA                                           |         | $                                                 | 31,005              |                     |   | $ | 23,687 |   | $ | 7,318 |   | 31 | % |

|                                                      |    | Year endedDecember 31,                            |   | Increase (Decrease) |   |
|-----------------------------------------------------------|--------------|---------------------------------------------------|--------|--------------------------|--------|
|                                                      |    | 2009                                              |   |                     | 2008   |   | $ |   | % |   |
|                                                      |    | (in thousands, except percentages) |   |
| Illinois Basin                                       |         |                                              |   |                     |   |   |   |   |   |   |   |   |   |
| Net income attributable to International Coal Group, Inc. |    | $                                                 | 6,080  |                     |   | $  | 6,959 |   | $  | (879 | ) | (13 | )% |
| Depreciation, depletion and amortization                  |    |                                              | 7,957  |                     |   |   | 7,342 |   |   | 615 |   | 8 | % |
| Interest expense, net                                     |         |                                              | 579    |                     |   |   | 327 |   |   | 252 |   | 77 | % |
| Income tax (benefit) expense                              |         |                                              | (211   | )                   |   |   | 156 |   |   | (367 | ) | * | % |
| Adjusted EBITDA                                           |         | $                                                 | 14,405 |                     |   | $ | 14,784 |   | $ | (379 | ) | (3 | )% |

|                                                    |    | Year endedDecember 31,                            |                | Increase (Decrease) |   |
|---------------------------------------------------------|--------------|---------------------------------------------------|---------------------|--------------------------|--------|
|                                                    |    | 2009                                              |                |                     | 2008   |   | $ |   | % |   |
|                                                    |    | (in thousands, except percentages) |                |
| Ancillary                                               |         |                                              |                |                     |   |   |   |   |   |   |   |   |   |
| Net loss attributable to International Coal Group, Inc. |    | $                                                 | (84,457             | )                        |   | $  | (83,647 | ) | $  | (810 | ) | 1 | % |
| Depreciation, depletion and amortization                |    |                                              | 5,838               |                     |   |   | 6,689 |   |   | (851 | ) | (13 | )% |
| Interest expense, net                                   |         |                                              | 47,446              |                     |   |   | 40,454 |   |   | 6,992 |   | 17 | % |
| Income tax (benefit) expense                            |    |                                              | 4,305               |                     |   |   | (12,169 | ) |   | 16,474 |   | * | % |
| Loss on extinguishment of debt                          |         |                                              | 13,293              |                     |   |   | —   |   |   | 13,293 |   | 100 | % |
| Impairment loss                                         |         |                                              | —   |                     |   |   | 30,237 |   |   | (30,237 | ) | (100 | )% |
| Adjusted EBITDA                                         |         | $                                                 | (13,575             | )                        |   | $ | (18,436 | ) | $ | 4,861 |   | 26 | % |

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|                                                             |    | Year endedDecember 31,                            |                | Increase (Decrease) |   |
|------------------------------------------------------------------|--------------|---------------------------------------------------|---------------------|--------------------------|--------|
|                                                             |    | 2009                                              |                |                     | 2008   |   | $ |   | % |   |
|                                                             |    | (in thousands, except percentages) |                |
| Consolidated                                                     |    |                                              |                |                     |   |   |   |   |   |   |   |   |   |
| Net income (loss) attributable to International Coal Group, Inc. |    | $                                                 | 21,458              |                     |   |  $ | (26,227 | ) |  $ | 47,685 |   | * | % |
| Depreciation, depletion and amortization                         |    |                                              | 106,084             |                     |   |   | 96,047 |   |   | 10,037 |   | 10 | % |
| Interest expense, net                                            |         |                                              | 53,044              |                     |   |   | 43,643 |   |   | 9,401 |   | 22 | % |
| Income tax (benefit) expense                                     |         |                                              | 7,732               |                     |   |   | (23,670 | ) |   | 31,402 |   | * | % |
| Loss on extinguishment of debt                                   |         |                                              | 13,293              |                     |   |   | —   |   |   | 13,293 |   | 100 | % |
| Impairment loss                                                  |         |                                              | —   |                     |   |   | 37,428 |   |   | (37,428 | ) | (100 | )% |
| Noncontrolling interest                                          |    |                                              | 66                  |                     |   |   | —   |   |   | 66 |   | 100 | % |
| Adjusted EBITDA                                                  |         | $                                                 | 201,677             |                     |   | $ | 127,221 |   | $ | 74,456 |   | 59 | % |

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|                                                                      |   | December 31,2010 |    |
|---------------------------------------------------------------------------|--------|------------------|---------|
| 9.125% Senior Notes, due 2018, net of debt discount of $1,308             |   | $                | 198,692 |   |
| 4.00% Convertible Senior Notes, due 2017, net of debt discount of $31,882 |   |             | 83,118  |   |
| 9.00% Convertible Senior Notes, due 2012, net of debt discount of $28     |   |             | 703     |   |
| Equipment notes                                                           |   |             | 42,730  |   |
| Capital lease and other                                                   |   |             | 1,107   |   |
| Total                                                                     |   |             | 326,350 |   |
| Less current portion                                                      |   |             | (17,928 | ) |
| Long-term debt and capital lease                                          |   | $                | 308,422 |   |

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|                                |   | Payments Due by Period     |    |
|-------------------------------------|--------|----------------------------|---------|
|                                |   | Less than 1 year |    |   | 1-3 years |   |   | 3-5 years |   |   | More than 5 years |   |   | Total |   |
| Long-term debt and capital lease(1) |   | $                          | 43,424  |   |   | $ | 72,784 |   |   | $ | 46,988 |   |   | $ | 361,813 |   |   | $ | 525,009 |   |
| Postretirement medical benefits     |   |                       | 626     |   |   |   | 2,513 |   |   |   | 3,793 |   |   |   | 381,570 |   |   |   | 388,502 |   |
| Minimum royalties                   |   |                       | 10,814  |   |   |   | 17,565 |   |   |   | 15,343 |   |   |   | 27,207 |   |   |   | 70,929 |   |
| Diesel fuel purchase obligations(2) |   |                       | 31,398  |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 31,398 |   |
| Explosives purchase obligations(2)  |   |                       | 13,154  |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 13,154 |   |
| Advisory Services Agreement(3)      |   |                       | 1,500   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 1,500 |   |
| Operating leases                    |   |                       | 131     |   |   |   | 83 |   |   |   | 6 |   |   |   | — |   |   |   | 220 |   |
| Total                               |   | $                          | 101,047 |   |   | $ | 92,945 |   |   | $ | 66,130 |   |   | $ | 770,590 |   |   | $ | 1,030,712 |   |

| (1) | Amounts are inclusive of interest assuming interest rates of 9.125% for our 2018 Senior Notes, 4.0% for our 2017 Convertible Notes, 9.0% for our 2012 Convertible Notes and ranging from 5.46% to 10.09% on our equipment notes. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Reflects estimates of obligations.                                                                                                                                                                                               |
| (3) | See “Certain Relationships and Related Transactions, and Director Independence.”                                                                                                                                     |

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| ITEM 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
|---------------|------------------------------------------------------------|

| ITEM 8. | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA |
|--------------|---------------------------------------------|

| ITEM 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE |
|--------------|--------------------------------------------------------------------------------------|

| ITEM 9A. | CONTROLS AND PROCEDURES |
|---------------|-------------------------|

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| /s/ Deloitte & Touche LLP |
|-----------------------------------------|
|                                    |
| Cincinnati, Ohio                        |
| February 17, 2011                       |

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| ITEM 9B. | OTHER INFORMATION |
|---------------|-------------------|

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| MSHAMine ID |   | Mine Operator           |   | Section 104 Significant and Substantial Citations |   | Section 104(b) Withdrawal Orders |   | Section 104(d) Unwarrantable Failure Citation/Orders |   | Section 107(a) Imminent Danger Orders |   | Section 110(b)(2) Flagrant Violations |
|-------------|--------|-------------------------|--------|---------------------------------------------------|--------|----------------------------------|--------|------------------------------------------------------|--------|---------------------------------------|--------|---------------------------------------|
| 4801645     |   | ICG ADDCAR Systems, LLC |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1202351     |   | ICG ADDCAR Systems, LLC |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1202416     |   | ICG ADDCAR Systems, LLC |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1202356     |   | ICG ADDCAR Systems, LLC |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4608799     |   | ICG ADDCAR Systems, LLC |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1517110     |   | ICG Knott County, LLC   |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518393     |   | ICG Knott County, LLC   |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518522     |   | ICG Knott County, LLC   |   | 19                                                |   | 1                                |   | 1                                                    |   | —                               |   | —                               |
| 1516567     |   | ICG Knott County, LLC   |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519447     |   | ICG Knott County, LLC   |   | 8                                                 |   | —                          |   | 1                                                    |   | —                               |   | —                               |
| 1519240     |   | ICG Knott County, LLC   |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518949     |   | ICG Knott County, LLC   |   | 2                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518710     |   | ICG Knott County, LLC   |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1517724     |   | ICG Knott County, LLC   |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519497     |   | ICG Knott County, LLC   |   | 6                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519323     |   | ICG Knott County, LLC   |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518048     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518613     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518181     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1517746     |   | ICG Hazard, LLC         |   | 3                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1513495     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519391     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518966     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519236     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519416     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1515506     |   | ICG Hazard, LLC         |   | 2                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1511991     |   | ICG Hazard, LLC         |   | 2                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518850     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518991     |   | ICG Hazard, LLC         |   | 17                                                |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519281     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |

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| MSHAMine ID |   | Mine Operator                |   | Section 104 Significant and Substantial Citations |   | Section 104(b) Withdrawal Orders |   | Section 104(d) Unwarrantable Failure Citation/Orders |   | Section 107(a) Imminent Danger Orders |   | Section 110(b)(2) Flagrant Violations |
|-------------|--------|------------------------------|--------|---------------------------------------------------|--------|----------------------------------|--------|------------------------------------------------------|--------|---------------------------------------|--------|---------------------------------------|
| 1517960     |   | ICG East Kentucky, LLC       |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519382     |   | ICG East Kentucky, LLC       |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518193     |   | ICG East Kentucky, LLC       |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519070     |   | ICG East Kentucky, LLC       |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1516290     |   | ICG East Kentucky, LLC       |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4407060     |   | Powell Mountain Energy, LLC  |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4407207     |   | Powell Mountain Energy, LLC  |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4405605     |   | Powell Mountain Energy, LLC  |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518734     |   | Powell Mountain Energy, LLC  |   | 17                                                |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4609115     |   | Wolf Run Mining Company      |   | 38                                                |   | —                          |   | 1                                                    |   | —                               |   | —                               |
| 4608791     |   | Wolf Run Mining Company      |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4605544     |   | Wolf Run Mining Company      |   | 5                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4608364     |   | Wolf Run Mining Company      |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4605823     |   | Upshur Property, Inc.        |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4604168     |   | Wolf Run Mining Company      |   | 63                                                |   | —                          |   | 1                                                    |   | —                               |   | —                               |
| 4608777     |   | Wolf Run Mining Company      |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4607945     |   | ICG Eastern, LLC             |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4608390     |   | ICG Eastern, LLC             |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4609220     |   | ICG Eastern, LLC             |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4605252     |   | ICG Beckley, LLC             |   | 32                                                |   | —                          |   | 2                                                    |   | —                               |   | —                               |
| 4609216     |   | ICG Beckley, LLC             |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1800749     |   | Vindex Energy Corporation    |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1800769     |   | Vindex Energy Corporation    |   | 2                                                 |   | —                          |   | 1                                                    |   | —                               |   | —                               |
| 1800170     |   | Vindex Energy Corporation    |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4602151     |   | Vindex Energy Corporation    |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4607837     |   | Vindex Energy Corporation    |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4609369     |   | Vindex Energy Corporation    |   | 13                                                |   | —                          |   | —                                              |   | 1                                     |   | —                               |
| 1800709     |   | Vindex Energy Corporation    |   | 1                                                 |   | —                          |   | 1                                                    |   | —                               |   | —                               |
| 1102664     |   | ICG Illinois, LLC            |   | 43                                                |   | 1                                |   | 1                                                    |   | —                               |   | —                               |
| 4607654     |   | Patriot Mining Company, Inc. |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4607555     |   | Patriot Mining Company, Inc. |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |

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| MSHAMine ID |   | Mine Operator           |   | Section 104 Significant and Substantial Citations |   | Section 104(b) Withdrawal Orders |   | Section 104(d) Unwarrantable Failure Citation/Orders |   | Section 107(a) Imminent Danger Orders |   | Section 110(b)(2) Flagrant Violations |
|-------------|--------|-------------------------|--------|---------------------------------------------------|--------|----------------------------------|--------|------------------------------------------------------|--------|---------------------------------------|--------|---------------------------------------|
| 4801645     |   | ICG ADDCAR Systems, LLC |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1202351     |   | ICG ADDCAR Systems, LLC |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1202416     |   | ICG ADDCAR Systems, LLC |   | 2                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1202356     |   | ICG ADDCAR Systems, LLC |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4608799     |   | ICG ADDCAR Systems, LLC |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1517110     |   | ICG Knott County, LLC   |   | 6                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518393     |   | ICG Knott County, LLC   |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518522     |   | ICG Knott County, LLC   |   | 60                                                |   | 1                                |   | 4                                                    |   | —                               |   | —                               |
| 1516567     |   | ICG Knott County, LLC   |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519447     |   | ICG Knott County, LLC   |   | 25                                                |   | —                          |   | 1                                                    |   | —                               |   | —                               |
| 1519240     |   | ICG Knott County, LLC   |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518949     |   | ICG Knott County, LLC   |   | 27                                                |   | —                          |   | 1                                                    |   | —                               |   | —                               |
| 1518710     |   | ICG Knott County, LLC   |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1517724     |   | ICG Knott County, LLC   |   | 6                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519497     |   | ICG Knott County, LLC   |   | 9                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519323     |   | ICG Knott County, LLC   |   | 16                                                |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518048     |   | ICG Hazard, LLC         |   | 11                                                |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518613     |   | ICG Hazard, LLC         |   | 5                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518181     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1517746     |   | ICG Hazard, LLC         |   | 28                                                |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1513495     |   | ICG Hazard, LLC         |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519391     |   | ICG Hazard, LLC         |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518966     |   | ICG Hazard, LLC         |   | 17                                                |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519236     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519416     |   | ICG Hazard, LLC         |   | 4                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1515506     |   | ICG Hazard, LLC         |   | 2                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1511991     |   | ICG Hazard, LLC         |   | 12                                                |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518850     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518991     |   | ICG Hazard, LLC         |   | 65                                                |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519281     |   | ICG Hazard, LLC         |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |

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| MSHAMine ID |   | Mine Operator                |   | Section 104 Significant and Substantial Citations |   | Section 104(b) Withdrawal Orders |   | Section 104(d) Unwarrantable Failure Citation/Orders |   | Section 107(a) Imminent Danger Orders |   | Section 110(b)(2) Flagrant Violations |
|-------------|--------|------------------------------|--------|---------------------------------------------------|--------|----------------------------------|--------|------------------------------------------------------|--------|---------------------------------------|--------|---------------------------------------|
| 1517960     |   | ICG East Kentucky, LLC       |   | 9                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519382     |   | ICG East Kentucky, LLC       |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518193     |   | ICG East Kentucky, LLC       |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1519070     |   | ICG East Kentucky, LLC       |   | 4                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1516290     |   | ICG East Kentucky, LLC       |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4407060     |   | Powell Mountain Energy, LLC  |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4407207     |   | Powell Mountain Energy, LLC  |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4405605     |   | Powell Mountain Energy, LLC  |   | 6                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1518734     |   | Powell Mountain Energy, LLC  |   | 119                                               |   | 1                                |   | 13                                                   |   | —                               |   | —                               |
| 4609115     |   | Wolf Run Mining Company      |   | 80                                                |   | —                          |   | 2                                                    |   | —                               |   | —                               |
| 4608791     |   | Wolf Run Mining Company      |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4605544     |   | Wolf Run Mining Company      |   | 5                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4608364     |   | Wolf Run Mining Company      |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4605823     |   | Upshur Property, Inc.        |   | 3                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4604168     |   | Wolf Run Mining Company      |   | 189                                               |   | —                          |   | 9                                                    |   | —                               |   | —                               |
| 4608777     |   | Wolf Run Mining Company      |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4607945     |   | ICG Eastern, LLC             |   | 3                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4608390     |   | ICG Eastern, LLC             |   | 2                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4609220     |   | ICG Eastern, LLC             |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4605252     |   | ICG Beckley, LLC             |   | 117                                               |   | —                          |   | 2                                                    |   | —                               |   | —                               |
| 4609216     |   | ICG Beckley, LLC             |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1800749     |   | Vindex Energy Corporation    |   | 7                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 1800769     |   | Vindex Energy Corporation    |   | 4                                                 |   | —                          |   | 1                                                    |   | —                               |   | —                               |
| 1800170     |   | Vindex Energy Corporation    |   | 2                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4602151     |   | Vindex Energy Corporation    |   | —                                           |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4607837     |   | Vindex Energy Corporation    |   | 3                                                 |   | —                          |   | 2                                                    |   | —                               |   | —                               |
| 4609369     |   | Vindex Energy Corporation    |   | 16                                                |   | —                          |   | —                                              |   | 1                                     |   | —                               |
| 1800709     |   | Vindex Energy Corporation    |   | 2                                                 |   | —                          |   | 1                                                    |   | —                               |   | —                               |
| 1102664     |   | ICG Illinois, LLC            |   | 138                                               |   | 1                                |   | 7                                                    |   | —                               |   | —                               |
| 4607654     |   | Patriot Mining Company, Inc. |   | 2                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |
| 4607555     |   | Patriot Mining Company, Inc. |   | 1                                                 |   | —                          |   | —                                              |   | —                               |   | —                               |

----

Table of Contents

| MSHAMine ID |   | Mine Operator           |   | TotalDollar Value of Proposed MSHA Assessments (in thousands) |   | Number of Mining-Related Fatalities |   | Number of WrittenNotices of Pattern of Violations |   | Number of Notices of the Potential to Have  a Pattern of Violations |   | Legal Actions pending before the Federal Mine Safety and Health Review Commission |
|-------------|--------|-------------------------|--------|--------------------------------------------------------------------|--------|-------------------------------------|--------|---------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|
| 4801645     |   | ICG ADDCAR Systems, LLC | $      | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1202351     |   | ICG ADDCAR Systems, LLC |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1202416     |   | ICG ADDCAR Systems, LLC |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1202356     |   | ICG ADDCAR Systems, LLC |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4608799     |   | ICG ADDCAR Systems, LLC |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 3                                                                                 |
| 1517110     |   | ICG Knott County, LLC   |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 6                                                                                 |
| 1518393     |   | ICG Knott County, LLC   |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1518522     |   | ICG Knott County, LLC   |   | 128                                                                |   | —                             |   | —                                           |   | —                                                                       |   | 5                                                                                 |
| 1516567     |   | ICG Knott County, LLC   |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519447     |   | ICG Knott County, LLC   |   | 8                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1519240     |   | ICG Knott County, LLC   |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1518949     |   | ICG Knott County, LLC   |   | 9                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 8                                                                                 |
| 1518710     |   | ICG Knott County, LLC   |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1517724     |   | ICG Knott County, LLC   |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519497     |   | ICG Knott County, LLC   |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519323     |   | ICG Knott County, LLC   |   | 2                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1518048     |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1518613     |   | ICG Hazard, LLC         |   | 9                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1518181     |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1517746     |   | ICG Hazard, LLC         |   | 8                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 2                                                                                 |
| 1513495     |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1519391     |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1518966     |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519236     |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519416     |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1515506     |   | ICG Hazard, LLC         |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1511991     |   | ICG Hazard, LLC         |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1518850     |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 3                                                                                 |
| 1518991     |   | ICG Hazard, LLC         |   | 55                                                                 |   | —                             |   | —                                           |   | —                                                                       |   | 22                                                                                |
| 1519281     |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 2                                                                                 |

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Table of Contents

| MSHAMine ID |   | Mine Operator                |   | TotalDollar Value of Proposed MSHA Assessments (in thousands) |   | Number of Mining-Related Fatalities |   | Number of WrittenNotices of Pattern of Violations |   | Number of Notices of the Potential to Have  a Pattern of Violations |   | Legal Actions pending before the Federal Mine Safety and Health Review Commission |
|-------------|--------|------------------------------|--------|--------------------------------------------------------------------|--------|-------------------------------------|--------|---------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|
| 1517960     |   | ICG East Kentucky, LLC       | $      | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519382     |   | ICG East Kentucky, LLC       |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1518193     |   | ICG East Kentucky, LLC       |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519070     |   | ICG East Kentucky, LLC       |   | 4                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1516290     |   | ICG East Kentucky, LLC       |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4407060     |   | Powell Mountain Energy, LLC  |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4407207     |   | Powell Mountain Energy, LLC  |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4405605     |   | Powell Mountain Energy, LLC  |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1518734     |   | Powell Mountain Energy, LLC  |   | 39                                                                 |   | —                             |   | —                                           |   | —                                                                       |   | 19                                                                                |
| 4609115     |   | Wolf Run Mining Company      |   | 18                                                                 |   | —                             |   | —                                           |   | —                                                                       |   | 7                                                                                 |
| 4608791     |   | Wolf Run Mining Company      |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 3                                                                                 |
| 4605544     |   | Wolf Run Mining Company      |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4608364     |   | Wolf Run Mining Company      |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4605823     |   | Upshur Property, Inc.        |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 4604168     |   | Wolf Run Mining Company      |   | 190                                                                |   | —                             |   | —                                           |   | —                                                                       |   | 32                                                                                |
| 4608777     |   | Wolf Run Mining Company      |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4607945     |   | ICG Eastern, LLC             |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4608390     |   | ICG Eastern, LLC             |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4609220     |   | ICG Eastern, LLC             |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4605252     |   | ICG Beckley, LLC             |   | 29                                                                 |   | —                             |   | —                                           |   | —                                                                       |   | 9                                                                                 |
| 4609216     |   | ICG Beckley, LLC             |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1800749     |   | Vindex Energy Corporation    |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1800769     |   | Vindex Energy Corporation    |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1800170     |   | Vindex Energy Corporation    |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4602151     |   | Vindex Energy Corporation    |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 4607837     |   | Vindex Energy Corporation    |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4609369     |   | Vindex Energy Corporation    |   | 4                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1800709     |   | Vindex Energy Corporation    |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1102664     |   | ICG Illinois, LLC            |   | 189                                                                |   | —                             |   | —                                           |   | —                                                                       |   | 27                                                                                |
| 4607654     |   | Patriot Mining Company, Inc. |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4607555     |   | Patriot Mining Company, Inc. |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |

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Table of Contents

| SHAMine ID |   | Mine Operator           |   | TotalDollar Value of Proposed MSHA Assessments (in thousands) |   | Number of Mining-Related Fatalities |   | Number of WrittenNotices of Pattern of Violations |   | Number of Notices of the Potential to Have  a Pattern of Violations |   | Legal Actions pending before the Federal Mine Safety and Health Review Commission |
|------------|--------|-------------------------|--------|--------------------------------------------------------------------|--------|-------------------------------------|--------|---------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|
| 4801645    |   | ICG ADDCAR Systems, LLC | $      | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1202351    |   | ICG ADDCAR Systems, LLC |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1202416    |   | ICG ADDCAR Systems, LLC |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1202356    |   | ICG ADDCAR Systems, LLC |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4608799    |   | ICG ADDCAR Systems, LLC |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 3                                                                                 |
| 1517110    |   | ICG Knott County, LLC   |   | 46                                                                 |   | —                             |   | —                                           |   | —                                                                       |   | 6                                                                                 |
| 1518393    |   | ICG Knott County, LLC   |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1518522    |   | ICG Knott County, LLC   |   | 192                                                                |   | —                             |   | —                                           |   | —                                                                       |   | 5                                                                                 |
| 1516567    |   | ICG Knott County, LLC   |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519447    |   | ICG Knott County, LLC   |   | 10                                                                 |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519240    |   | ICG Knott County, LLC   |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1518949    |   | ICG Knott County, LLC   |   | 182                                                                |   | —                             |   | —                                           |   | —                                                                       |   | 8                                                                                 |
| 1518710    |   | ICG Knott County, LLC   |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1517724    |   | ICG Knott County, LLC   |   | 2                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519497    |   | ICG Knott County, LLC   |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519323    |   | ICG Knott County, LLC   |   | 23                                                                 |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1518048    |   | ICG Hazard, LLC         |   | 29                                                                 |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1518613    |   | ICG Hazard, LLC         |   | 14                                                                 |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1518181    |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1517746    |   | ICG Hazard, LLC         |   | 94                                                                 |   | —                             |   | —                                           |   | —                                                                       |   | 2                                                                                 |
| 1513495    |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1519391    |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1518966    |   | ICG Hazard, LLC         |   | 34                                                                 |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1519236    |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519416    |   | ICG Hazard, LLC         |   | 2                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1515506    |   | ICG Hazard, LLC         |   | 2                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1511991    |   | ICG Hazard, LLC         |   | 7                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1518850    |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 3                                                                                 |
| 1518991    |   | ICG Hazard, LLC         |   | 331                                                                |   | —                             |   | —                                           |   | —                                                                       |   | 27                                                                                |
| 1519281    |   | ICG Hazard, LLC         |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 2                                                                                 |

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Table of Contents

| MSHAMine ID |   | Mine Operator                |   | TotalDollar Value of Proposed MSHA Assessments (in thousands) |   | Number of Mining-Related Fatalities |   | Number of WrittenNotices of Pattern of Violations |   | Number of Notices of the Potential to Have  a Pattern of Violations |   | Legal Actions pending before the Federal Mine Safety and Health Review Commission |
|-------------|--------|------------------------------|--------|--------------------------------------------------------------------|--------|-------------------------------------|--------|---------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|
| 1517960     |   | ICG East Kentucky, LLC       | $      | 3                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519382     |   | ICG East Kentucky, LLC       |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1518193     |   | ICG East Kentucky, LLC       |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1519070     |   | ICG East Kentucky, LLC       |   | 4                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1516290     |   | ICG East Kentucky, LLC       |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4407060     |   | Powell Mountain Energy, LLC  |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4407207     |   | Powell Mountain Energy, LLC  |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4405605     |   | Powell Mountain Energy, LLC  |   | 3                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1518734     |   | Powell Mountain Energy, LLC  |   | 399                                                                |   | —                             |   | —                                           |   | —                                                                       |   | 20                                                                                |
| 4609115     |   | Wolf Run Mining Company      |   | 70                                                                 |   | —                             |   | —                                           |   | —                                                                       |   | 12                                                                                |
| 4608791     |   | Wolf Run Mining Company      |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 4                                                                                 |
| 4605544     |   | Wolf Run Mining Company      |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4608364     |   | Wolf Run Mining Company      |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4605823     |   | Upshur Property, Inc.        |   | 2                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 4604168     |   | Wolf Run Mining Company      |   | 603                                                                |   | —                             |   | —                                           |   | —                                                                       |   | 42                                                                                |
| 4608777     |   | Wolf Run Mining Company      |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4607945     |   | ICG Eastern, LLC             |   | 4                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4608390     |   | ICG Eastern, LLC             |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4609220     |   | ICG Eastern, LLC             |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4605252     |   | ICG Beckley, LLC             |   | 135                                                                |   | 1                                   |   | —                                           |   | —                                                                       |   | 9                                                                                 |
| 4609216     |   | ICG Beckley, LLC             |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1800749     |   | Vindex Energy Corporation    |   | 4                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 4                                                                                 |
| 1800769     |   | Vindex Energy Corporation    |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 1800170     |   | Vindex Energy Corporation    |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 4602151     |   | Vindex Energy Corporation    |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | 1                                                                                 |
| 4607837     |   | Vindex Energy Corporation    |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4609369     |   | Vindex Energy Corporation    |   | 4                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1800709     |   | Vindex Energy Corporation    |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 1102664     |   | ICG Illinois, LLC            |   | 566                                                                |   | —                             |   | —                                           |   | —                                                                       |   | 30                                                                                |
| 4607654     |   | Patriot Mining Company, Inc. |   | 1                                                                  |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |
| 4607555     |   | Patriot Mining Company, Inc. |   | —                                                            |   | —                             |   | —                                           |   | —                                                                       |   | —                                                                           |

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Table of Contents

| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE |
|---------------|--------------------------------------------------------|

| ITEM 11. | EXECUTIVE COMPENSATION |
|---------------|------------------------|

| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS |
|---------------|------------------------------------------------------------------------------------------------|

| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE |
|---------------|---------------------------------------------------------------------------|

| ITEM 14. | PRINCIPAL ACCOUNTING FEES AND SERVICES |
|---------------|----------------------------------------|

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Table of Contents

| ITEM 15. | EXHIBITS, FINANCIAL STATEMENT SCHEDULES |
|---------------|-----------------------------------------|

| (a) | Financial Statements: |
|-----|-----------------------|

|                                                                                                                                |    | Page   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------------|--------|
| International Coal Group, Inc. and Subsidiaries                                                                                     |    |   |
|                                                                                                                                |         |
| Report of Independent Registered Public Accounting Firm                                                                             |    | F-1    |
|                                                                                                                                |         |
| Consolidated Balance Sheets as of December 31, 2010 and 2009                                                                        |    | F-2    |
|                                                                                                                                |         |
| Consolidated Statements of Operations for the years ended December 31, 2010, 2009 and 2008                                          |    | F-3    |
|                                                                                                                                |         |
| Consolidated Statements of Stockholders’ Equity and Comprehensive Income for the years ended December 31, 2010, 2009 and 2008 |    | F-4    |
|                                                                                                                                |         |
| Consolidated Statements of Cash Flows for the years ended December 31, 2010, 2009 and 2008                                          |    | F-5    |
|                                                                                                                                |         |
| Notes to Consolidated Financial Statements for the years ended December 31, 2010, 2009 and 2008                                     |    | F-6    |
|                                                                                                                                |         |
| (b)    Exhibits.                                                                                                |    |   |
|                                                                                                                                |         |
| (i)     See the Exhibit Index.                                                                             |    |   |
|                                                                                                                                |         |
| (c)    Financial Statement Schedules.                                                                           |    |   |
|                                                                                                                                |         |
|                                                                                                                                |    | Page   |
| Schedule I—Condensed Financial Information of the Registrant                                                             |         | F-47   |
|                                                                                                                                |         |
| Schedule II—Valuation and Qualifying Accounts                                                                            |    | F-52   |

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Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING 

| /s/ Deloitte & Touche LLP |
|-------------------------------|
|                          |
| Cincinnati, Ohio              |
| February 17, 2011             |

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Table of Contents

CONSOLIDATED BALANCE 

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|                                                                                                                                                                                                                                                                       |    | December 31,2010 |                |   | December 31, 2009 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|------------------|---------------------|--------|-----------------------------|--------|
| ASSETS                                                                                                                                                                                                                                                                     |    |             |                |   |                        |   |
| CURRENT ASSETS:                                                                                                                                                                                                                                                            |    |             |                |   |                        |   |   |   |
| Cash and cash equivalents                                                                                                                                                                                                                                                  |    | $                | 215,276             |   |                        | $      | 92,641 |   |
| Accounts receivable, net of allowances of $1,005 and $222                                                                                                                                                                                                                  |    |             | 82,557              |   |                        |   | 80,291 |   |
| Inventories, net                                                                                                                                                                                                                                                           |    |             | 70,029              |   |                        |   | 82,037 |   |
| Deferred income taxes                                                                                                                                                                                                                                                      |    |             | 13,563              |   |                        |   | 15,906 |   |
|     Prepaid insurance                                                                                                                                                                                                                                  |         |             | 8,500               |   |                        |   | 6,351 |   |
| Income taxes receivable                                                                                                                                                                                                                                                    |    |             | 129                 |   |                        |   | 1,423 |   |
| Prepaid expenses and other                                                                                                                                                                                                                                                 |    |             | 10,543              |   |                        |   | 9,960 |   |
| Total current assets                                                                                                                                                                                                                                                       |    |             | 400,597             |   |                        |   | 288,609 |   |
|                                                                                                                                                                                                                                                                       |         |             |                |   |                        |   |   |   |
| PROPERTY, PLANT, EQUIPMENT AND MINE DEVELOPMENT, net                                                                                                                                                                                                                       |    |             | 1,040,118           |   |                        |   | 1,038,200 |   |
| DEBT ISSUANCE COSTS, net                                                                                                                                                                                                                                                   |    |             | 11,998              |   |                        |   | 7,634 |   |
| ADVANCE ROYALTIES, net                                                                                                                                                                                                                                                     |    |             | 16,037              |   |                        |   | 18,025 |   |
| OTHER NON-CURRENT ASSETS                                                                                                                                                                                                                                                   |    |             | 10,947              |   |                        |   | 15,492 |   |
| Total assets                                                                                                                                                                                                                                                               |    | $                | 1,479,697           |   |                        | $      | 1,367,960 |   |
|                                                                                                                                                                                                                                                                       |    |             |                |   |                        |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                                                                                 |    |             |                |   |                        |   |   |   |
| CURRENT LIABILITIES:                                                                                                                                                                                                                                                       |    |             |                |   |                        |   |   |   |
| Accounts payable                                                                                                                                                                                                                                                           |    | $                | 78,899              |   |                        | $      | 63,582 |   |
| Short-term debt                                                                                                                                                                                                                                                            |         |             | 2,797               |   |                        |   | 2,166 |   |
| Current portion of long-term debt and capital leases                                                                                                                                                                                                                       |    |             | 17,928              |   |                        |   | 17,794 |   |
| Current portion of reclamation and mine closure costs                                                                                                                                                                                                                      |    |             | 8,414               |   |                        |   | 9,390 |   |
| Current portion of employee benefits                                                                                                                                                                                                                                       |    |             | 3,831               |   |                        |   | 3,973 |   |
| Accrued expenses and other                                                                                                                                                                                                                                                 |    |             | 61,092              |   |                        |   | 74,803 |   |
| Total current liabilities                                                                                                                                                                                                                                                  |    |             | 172,961             |   |                        |   | 171,708 |   |
|                                                                                                                                                                                                                                                                       |         |             |                |   |                        |   |   |   |
| LONG-TERM DEBT AND CAPITAL LEASES                                                                                                                                                                                                                                          |    |             | 308,422             |   |                        |   | 366,515 |   |
| RECLAMATION AND MINE CLOSURE COSTS                                                                                                                                                                                                                                         |    |             | 70,730              |   |                        |   | 65,601 |   |
| EMPLOYEE BENEFITS                                                                                                                                                                                                                                                          |    |             | 81,868              |   |                        |   | 63,767 |   |
| DEFERRED INCOME TAXES                                                                                                                                                                                                                                                      |    |             | 60,452              |   |                        |   | 57,399 |   |
| BELOW-MARKET COAL SUPPLY AGREEMENTS                                                                                                                                                                                                                                        |    |             | 26,823              |   |                        |   | 29,939 |   |
| OTHER NON-CURRENT LIABILITIES                                                                                                                                                                                                                                              |    |             | 4,176               |   |                        |   | 3,797 |   |
| Total liabilities                                                                                                                                                                                                                                                          |    |             | 725,432             |   |                        |   | 758,726 |   |
|                                                                                                                                                                                                                                                                       |         |             |                |   |                        |   |   |   |
| COMMITMENTS AND CONTINGENCIES                                                                                                                                                                                                                                              |    |             |                |   |                        |   |   |   |
|                                                                                                                                                                                                                                                                       |         |             |                |   |                        |   |   |   |
| STOCKHOLDERS’ EQUITY:                                                                                                                                                                                                                                                |    |             |                |   |                        |   |   |   |
| Preferred stock–par value $0.01, 200,000,000 shares authorized, none issued                                                                                                                                                                                          |    |             | —   |   |                        |   | —   |   |
| Common stock–par value $0.01, 2,000,000,000 shares authorized, 203,870,564 and 203,824,372 shares issued and outstanding, respectively, as of December 31, 2010 and 172,820,047 and 172,812,726 shares issued and outstanding, respectively, as of December 31, 2009 |    |             | 2,038               |   |                        |   | 1,728 |   |
| Treasury stock                                                                                                                                                                                                                                                             |         |             | (216                | )      |                        |   | (14 | ) |
| Additional paid-in capital                                                                                                                                                                                                                                                 |    |             | 851,440             |   |                        |   | 732,124 |   |
| Accumulated other comprehensive income (loss)                                                                                                                                                                                                                              |    |             | (3,459              | )      |                        |   | 1,048 |   |
| Retained deficit                                                                                                                                                                                                                                                           |    |             | (95,602             | )      |                        |   | (125,713 | ) |
| Total International Coal Group, Inc. stockholders’ equity                                                                                                                                                                                                            |    |             | 754,201             |   |                        |   | 609,173 |   |
| Noncontrolling interest                                                                                                                                                                                                                                                    |         |             | 64                  |   |                        |   | 61 |   |
| Total stockholders’ equity                                                                                                                                                                                                                                           |         |             | 754,265             |   |                        |   | 609,234 |   |
| Total liabilities and stockholders’ equity                                                                                                                                                                                                                           |    | $                | 1,479,697           |   |                        | $      | 1,367,960 |   |

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CONSOLIDATED STATEMENTS 

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|                                                             |         | Year Ended December 31, |                |
|------------------------------------------------------------------|--------------|-------------------------|---------------------|
|                                                             |    | 2010                    |                |   | 2009 |   |   | 2008 |   |
| REVENUES:                                                        |    |                    |                |   |   |   |   |   |   |   |   |   |
| Coal sales revenues                                              |    | $                       | 1,078,246           |   |   | $ | 1,006,606 |   |   | $ | 998,245 |   |
| Freight and handling revenues                                    |    |                    | 35,411              |   |   |   | 26,279 |   |   |   | 45,231 |   |
| Other revenues                                                   |    |                    | 52,814              |   |   |   | 92,464 |   |   |   | 53,260 |   |
| Total revenues                                                   |    |                    | 1,166,471           |   |   |   | 1,125,349 |   |   |   | 1,096,736 |   |
|                                                             |         |                    |                |   |   |   |   |   |   |   |   |   |
| COSTS AND EXPENSES:                                              |    |                    |                |   |   |   |   |   |   |   |   |   |
| Cost of coal sales                                               |    |                    | 850,328             |   |   |   | 832,214 |   |   |   | 882,983 |   |
| Freight and handling costs                                       |    |                    | 35,411              |   |   |   | 26,279 |   |   |   | 45,231 |   |
| Cost of other revenues                                           |    |                    | 48,331              |   |   |   | 36,089 |   |   |   | 35,672 |   |
| Depreciation, depletion and amortization                         |    |                    | 104,566             |   |   |   | 106,084 |   |   |   | 96,047 |   |
| Selling, general and administrative                              |    |                    | 35,569              |   |   |   | 32,749 |   |   |   | 38,147 |   |
| Gain on sale of assets                                           |    |                    | (4,243              | ) |   |   | (3,659 | ) |   |   | (32,518 | ) |
| Goodwill impairment loss                                         |         |                    | —   |   |   |   | —   |   |   |   | 30,237 |   |
| Long-lived asset impairment loss                                 |    |                    | —   |   |   |   | —   |   |   |   | 7,191 |   |
| Total costs and expenses                                         |    |                    | 1,069,962           |   |   |   | 1,029,756 |   |   |   | 1,102,990 |   |
| Income (loss) from operations                                    |    |                    | 96,509              |   |   |   | 95,593 |   |   |   | (6,254 | ) |
| INTEREST AND OTHER EXPENSE:                                      |    |                    |                |   |   |   |   |   |   |   |   |   |
| Loss on extinguishment of debt                                   |    |                    | (29,409             | ) |   |   | (13,293 | ) |   |   | —   |   |
| Interest expense, net                                            |         |                    | (40,736             | ) |   |   | (53,044 | ) |   |   | (43,643 | ) |
| Total interest and other expense                                 |    |                    | (70,145             | ) |   |   | (66,337 | ) |   |   | (43,643 | ) |
| Income (loss) before income taxes                                |    |                    | 26,364              |   |   |   | 29,256 |   |   |   | (49,897 | ) |
| INCOME TAX BENEFIT (EXPENSE) BENEFIT                             |    |                    | 3,750               |   |   |   | (7,732 | ) |   |   | 23,670 |   |
| Net income (loss)                                                |         |                    | 30,114              |   |   |   | 21,524 |   |   |   | (26,227 | ) |
| Net income attributable to noncontrolling interest               |    |                    | (3                  | ) |   |   | (66 | ) |   |   | —   |   |
| Net income (loss) attributable to International Coal Group, Inc. |    | $                       | 30,111              |   |   | $ | 21,458 |   |   | $ | (26,227 | ) |
|                                                             |    |                    |                |   |   |   |   |   |   |   |   |   |
| Earnings per share:                                              |    |                    |                |   |   |   |   |   |   |   |   |   |
| Basic                                                            |    | $                       | 0.15                |   |   | $ | 0.14 |   |   | $ | (0.17 | ) |
| Diluted                                                          |         |                    | 0.15                |   |   |   | 0.14 |   |   |   | (0.17 | ) |
| Weighted-average common shares outstanding:                      |    |                    |                |   |   |   |   |   |   |   |   |   |
| Basic                                                            |         |                    | 197,366,978         |   |   |   | 153,630,446 |   |   |   | 152,632,586 |   |
| Diluted                                                          |    |                    | 205,283,999         |   |   |   | 155,386,263 |   |   |   | 152,632,586 |   |

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CONSOLIDATED STATEMENTS 

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|                                                                |         | Common Stock        |         | Treasury Stock |                | Additional Paid-in Capital |    | Accumulated Other Comprehensive Income (Loss) |   | Retained Earnings (Deficit) |                | Total International Coal Group, Inc. Stockholders’ Equity |    | Noncontrolling Interest |   | Total Stockholders’ Equity |                |
|---------------------------------------------------------------------|--------------|---------------------|--------------|----------------|---------------------|----------------------------|---------|-----------------------------------------------|--------|-----------------------------|---------------------|-----------------------------------------------------------------|---------|-------------------------|--------|----------------------------------|---------------------|
|                                                                | Shares       |                | Amount       |
| Balance—December 31, 2007                                     |    | 152,992,109         |    | $         | 1,530               |                       | $  | —                             |   | $                      | 652,677             |                                                            | $  | (1,530                  | )      | $                           | (120,944            | ) | $  | 531,733 |   | $  | 35 |   | $  | 531,768 |   |
| Net loss                                                            |    | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | —       |   |                             | (26,227             | ) |   | (26,227 | ) |   | —   |   |   | (26,227 | ) |
| Postretirement benefit obligation adjustments, net of tax of $727   |    | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | 530                     |   |                             | —   |   |   | 530 |   |   | —   |   |   | 530 |   |
| Amortization of postretirement benefit net loss, net of tax of $214 |    | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | 216                     |   |                             | —   |   |   | 216 |   |   | —   |   |   | 216 |   |
| Black lung benefit obligation adjustments, net of tax of $548       |         | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | (903                    | )      |                             | —   |   |   | (903 | ) |   | —   |   |   | (903 | ) |
| Amortization of black lung benefit net gain, net of tax of $358     |         | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | (590                    | )      |                             | —   |   |   | (590 | ) |   | —   |   |   | (590 | ) |
| Comprehensive loss                                                  |    | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | —       |   |                             | —   |   |   | —   |   |   | —   |   |   | (26,974 | ) |
| Issuance of restricted stock and stock awards, net of forfeitures   |    | 312,436             |         |           | 3                   |                       |    | —                             |   |                        | (3                  | )                                                               |    | —       |   |                             | —   |   |   | —   |   |   | —   |   |   | —   |   |
| Stock options exercised                                             |         | 17,700              |         |           | —   |                       |    | —                             |   |                        | 149                 |                                                            |    | —       |   |                             | —   |   |   | 149 |   |   | —   |   |   | 149 |   |
| Compensation expense on share based awards                          |    | —   |         |           | —   |                       |    | —                             |   |                        | 4,174               |                                                            |    | —       |   |                             | —   |   |   | 4,174 |   |   | —   |   |   | 4,174 |   |
| Balance—December 31, 2008                                     |    | 153,322,245         |         |           | 1,533               |                       |    | —                             |   |                        | 656,997             |                                                            |    | (2,277                  | )      |                             | (147,171            | ) |   | 509,082 |   |   | 35 |   |   | 509,117 |   |
| Net income                                                          |    | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | —       |   |                             | 21,458              |   |   | 21,458 |   |   | 66 |   |   | 21,524 |   |
| Postretirement benefit obligation adjustments, net of tax of $323   |    | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | 2,663                   |   |                             | —   |   |   | 2,663 |   |   | —   |   |   | 2,663 |   |
| Amortization of postretirement benefit net loss, net of tax of $117 |    | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | 171                     |   |                             | —   |   |   | 171 |   |   | —   |   |   | 171 |   |
| Black lung benefit obligation adjustments, net of tax of $416       |         | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | 735                     |   |                             | —   |   |   | 735 |   |   | —   |   |   | 735 |   |
| Amortization of black lung benefit net gain, net of tax of $146     |         | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | (244                    | )      |                             | —   |   |   | (244 | ) |   | —   |   |   | (244 | ) |
| Comprehensive income                                                |    | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | —       |   |                             | —   |   |   | —   |   |   | —   |   |   | 24,849 |   |
| Purchases of treasury stock                                         |         | (7,321              | )            |           | —   |                       |    | (14                                           | )      |                        | —   |                                                            |    | —       |   |                             | —   |   |   | (14 | ) |   | —   |   |   | (14 | ) |
| Distributions to noncontrolling interest                            |         | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | —       |   |                             | —   |   |   | —   |   |   | (40 | ) |   | (40 | ) |
| Issuance of common stock in exchange for convertible notes          |         | 18,660,550          |         |           | 187                 |                       |    | —                             |   |                        | 71,430              |                                                            |    | —       |   |                             | —   |   |   | 71,617 |   |   | —   |   |   | 71,617 |   |
| Issuance of restricted stock and stock awards, net of forfeitures   |    | 837,252             |         |           | 8                   |                       |    | —                             |   |                        | (8                  | )                                                               |    | —       |   |                             | —   |   |   | —   |   |   | —   |   |   | —   |   |
| Compensation expense on share based awards                          |    | —   |         |           | —   |                       |    | —                             |   |                        | 3,705               |                                                            |    | —       |   |                             | —   |   |   | 3,705 |   |   | —   |   |   | 3,705 |   |
| Balance—December 31, 2009                                     |    | 172,812,726         |         |           | 1,728               |                       |    |  (14                                     | )      |                        | 732,124             |                                                            |    | 1,048                   |   |                             | (125,713            | ) |   | 609,173 |   |   | 61 |   |   | 609,234 |   |
| Net income                                                          |    | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | —       |   |                             | 30,111              |   |   | 30,111 |   |   | 3 |   |   | 30,114 |   |
| Postretirement benefit obligation adjustments, net of tax of $4,353 |    | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | (7,134                  | )      |                             | —   |   |   | (7,134 | ) |   | —   |   |   | (7,134 | ) |
| Amortization of postretirement benefit net loss, net of tax of $295 |    | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | 485                     |   |                             | —   |   |   | 485 |   |   | —   |   |   | 485 |   |
| Black lung benefit obligation adjustments, net of tax of $1,351     |         | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | 2,229                   |   |                             | —   |   |   | 2,229 |   |   | —   |   |   | 2,229 |   |
| Amortization of black lung benefit net gain, net of tax of $54      |         | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | (87                     | )      |                             | —   |   |   | (87 | ) |   | —   |   |   | (87 | ) |
| Comprehensive income                                                |    | —   |         |           | —   |                       |    | —                             |   |                        | —   |                                                            |    | —       |   |                             | —   |   |   | —   |   |   | —   |   |   | 25,607 |   |
| Issuance of common stock from public offering                       |         | 24,444,365          |         |           | 245                 |                       |    | —                             |   |                        | 102,208             |                                                            |    | —       |   |                             | —   |   |   | 102,453 |   |   | —   |   |   | 102,453 |   |
| Issuance of convertible notes from public offering                  |         | —   |         |           | —   |                       |    | —                             |   |                        | 20,800              |                                                            |    | —       |   |                             | —   |   |   | 20,800 |   |   | —   |   |   | 20,800 |   |
| Issuance of common stock in exchange for convertible notes          |         | 6,198,668           |         |           | 62                  |                       |    | —                             |   |                        | 25,650              |                                                            |    | —       |   |                             | —   |   |   | 25,712 |   |   | —   |   |   | 25,712 |   |
| Repurchase of convertible notes                                     |         | —   |         |           | —   |                       |    | —                             |   |                        | (32,676             | )                                                               |    | —       |   |                             | —   |   |   | (32,676 | ) |   |   |   |   | (32,676 | ) |
| Issuance of restricted stock and stock awards, net of forfeitures   |    | 365,734             |         |           | 3                   |                       |    | —                             |   |                        | (3                  | )                                                               |    | —       |   |                             | —   |   |   | —   |   |   | —   |   |   | —   |   |
| Purchases of treasury stock                                         |         | (38,871             | )            |           | —   |                       |    | (202                                          | )      |                        | —   |                                                            |    | —       |   |                             | —   |   |   | (202 | ) |   | —   |   |   | (202 | ) |
| Stock options exercised                                             |         | 41,750              |         |           | —   |                       |    | —                             |   |                        | 114                 |                                                            |    | —       |   |                             | —   |   |   | 114 |   |   | —   |   |   | 114 |   |
| Compensation expense on share based awards                          |    | —   |         |           | —   |                       |    | —                             |   |                        | 3,223               |                                                            |    | —       |   |                             | —   |   |   | 3,223 |   |   | —   |   |   | 3,223 |   |
| Balance—December 31, 2010                                     |    | 203,824,372         |         | $              | 2,038               |                       | $       | (216                                          | )      | $                           | 851,440             |                                                            | $       | (3,459                  | )      | $                                | (95,602             | ) | $ | 754,201 |   | $ | 64 |   | $ | 754,265 |   |

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Table of Contents

CONSOLIDATED STATEMENTS 

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|                                                                                        |         | Year Ended December 31, |                |
|---------------------------------------------------------------------------------------------|--------------|-------------------------|---------------------|
|                                                                                        |    | 2010                    |                |   | 2009 |   |   | 2008 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                       |    |                    |                |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                                           |    | $                       | 30,114              |   |   | $ | 21,524 |   |   | $ | (26,227 | ) |
| Adjustments to reconcile net income (loss) to net cash from operating activities:           |    |                    |                |   |   |   |   |   |   |   |   |   |
| Depreciation, depletion and amortization                                                    |    |                    | 104,566             |   |   |   | 106,084 |   |   |   | 96,047 |   |
| Loss on extinguishment of debt                                                              |         |                    | 29,409              |   |   |   | 13,293 |   |   |   | —   |   |
| Impairment loss                                                                             |    |                    | —   |   |   |   | —   |   |   |   | 37,428 |   |
| Amortization and write-off of deferred finance costs and debt discount                      |    |                    | 7,798               |   |   |   | 7,001 |   |   |   | 6,141 |   |
| Amortization of accumulated employee benefit obligations                                    |    |                    | 639                 |   |   |   | (102 | ) |   |   | (518 | ) |
| Compensation expense on share based awards                                                  |    |                    | 3,223               |   |   |   | 3,705 |   |   |   | 4,174 |   |
| Gain on sale of assets, net                                                                 |    |                    | (4,243              | ) |   |   | (3,659 | ) |   |   | (32,518 | ) |
| Provision for bad debt                                                                      |    |                    | 783                 |   |   |   | (1,294 | ) |   |   | 994 |   |
| Deferred income taxes                                                                       |    |                    | (4,533              | ) |   |   | 7,859 |   |   |   | (24,434 | ) |
| Changes in Assets and Liabilities:                                                          |    |                    |                |   |   |   |   |   |   |   |   |   |
| Accounts receivable                                                                         |    |                    | (3,049              | ) |   |   | (3,676 | ) |   |   | 7,918 |   |
| Inventories                                                                                 |    |                    | 11,988              |   |   |   | (23,249 | ) |   |   | (17,333 | ) |
| Prepaid expenses and other                                                                  |    |                    | (1,438              | ) |   |   | 14,569 |   |   |   | (3,545 | ) |
| Other non-current assets                                                                    |    |                    | (2,191              | ) |   |   | 399 |   |   |   | (2,744 | ) |
| Accounts payable                                                                            |    |                    | 16,852              |   |   |   | (16,814 | ) |   |   | 7,116 |   |
| Accrued expenses and other                                                                  |    |                    | (13,888             | ) |   |   | (13,089 | ) |   |   | 24,677 |   |
| Reclamation and mine closure costs                                                          |    |                    | 2,178               |   |   |   | 1,341 |   |   |   | (5,281 | ) |
| Other liabilities                                                                           |    |                    | 9,223               |   |   |   | 1,862 |   |   |   | 6,834 |   |
| Net cash from operating activities                                                          |    |                    | 187,431             |   |   |   | 115,754 |   |   |   | 78,729 |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                       |    |                    |                |   |   |   |   |   |   |   |   |   |
| Proceeds from the sale of assets                                                            |    |                    | 4,764               |   |   |   | 3,695 |   |   |   | 8,786 |   |
| Additions to property, plant, equipment and mine development                                |    |                    | (102,912            | ) |   |   | (66,345 | ) |   |   | (132,197 | ) |
| Cash paid related to acquisitions, net                                                      |    |                    | —   |   |   |   | —   |   |   |   | (603 | ) |
| Withdrawals (deposits) of restricted cash                                                   |    |                    | 8,807               |   |   |   | (10,468 | ) |   |   | (26 | ) |
| Contribution to joint venture                                                               |    |                    | —   |   |   |   | (40 | ) |   |   | —   |   |
| Net cash from investing activities                                                          |    |                    | (89,341             | ) |   |   | (73,158 | ) |   |   | (124,040 | ) |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                       |    |                    |                |   |   |   |   |   |   |   |   |   |
| Borrowings on short-term debt                                                               |    |                    | 5,191               |   |   |   | 2,611 |   |   |   | 6,310 |   |
| Repayments on short-term debt                                                               |    |                    | (4,560              | ) |   |   | (5,186 | ) |   |   | (1,569 | ) |
| Borrowings on long-term debt                                                                |    |                    | —   |   |   |   | 9,086 |   |   |   | 3,496 |   |
| Repayments on long-term debt and capital lease                                              |    |                    | (18,899             | ) |   |   | (19,104 | )  |   |   | (6,295 | ) |
| Proceeds from convertible notes offering                                                    |         |                    | 115,000             |   |   |   | —   |   |   |   | —   |   |
| Proceeds from senior notes offering                                                         |         |                    | 198,596             |   |   |   | —   |   |   |   | —   |   |
| Proceeds from common stock offering                                                         |         |                    | 102,453             |   |   |   | —   |   |   |   | —   |   |
| Repurchases of senior notes                                                                 |         |                    | (188,960            | ) |   |   | —   |   |   |   | —   |   |
| Repurchases of convertible notes                                                            |         |                    | (169,458            | ) |   |   | —   |   |   |   | —   |   |
| Purchases of treasury stock                                                                 |         |                    | (202                | ) |   |   | (14 | ) |   |   | —   |   |
| Proceeds from stock options exercised                                                       |    |                    | 114                 |   |   |   | —   |   |   |   | 149 |   |
| Debt issuance costs                                                                         |    |                    | (14,730             | ) |   |   | (1,278 | ) |   |   | —   |   |
| Net cash from financing activities                                                          |    |                    | 24,545              |   |   |   | (13,885 | ) |   |   | 2,091 |   |
| NET CHANGE IN CASH AND CASH EQUIVALENTS                                                     |    |                    | 122,635             |   |   |   | 28,711 |   |   |   | (43,220 | ) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                              |    |                    | 92,641              |   |   |   | 63,930 |   |   |   | 107,150 |   |
| CASH AND CASH EQUIVALENTS, END OF PERIOD                                                    |    | $                       | 215,276             |   |   | $ | 92,641 |   |   | $ | 63,930 |   |
|                                                                                        |    |                    |                |   |   |   |   |   |   |   |   |   |
| Supplemental information:                                                                   |    |                    |                |   |   |   |   |   |   |   |   |   |
| Cash paid for interest (net of amount capitalized)                                          |    | $                       | 40,807              |   |   | $ | 47,327 |   |   | $ | 36,193 |   |
| Cash received for income taxes                                                              |    | $                       | 187                 |   |   | $ | 7,006 |   |   | $ | —   |   |
|                                                                                        |    |                    |                |   |   |   |   |   |   |   |   |   |
| Supplemental disclosure of non-cash items:                                                  |    |                    |                |   |   |   |   |   |   |   |   |   |
| Issuance of common stock in exchange for convertible notes                                  |         | $                       | 25,712              |   |   | $ | 71,617 |   |   | $ | —   |   |
| Purchases of property, plant, equipment and mine development through accounts payable       |    | $                       | 15,881              |   |   | $ | 17,416 |   |   | $ | 12,942 |   |
| Purchases of property, plant, equipment and mine development through financing arrangements |    | $                       | 5,447               |   |   | $ | 17,066 |   |   | $ | 40,708 |   |
| Assets acquired through the assumption of liabilities                                       |    | $                       | —   |   |   | $ | —   |   |   | $ | 17,464 |   |
| Assets acquired through the exchange of property                                            |    | $                       | 1,277               |   |   | $ | —   |   |   | $ | 22,608 |   |

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| 1. | ORGANIZATION |
|----|--------------|

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GENERAL |
|----|--------------------------------------------------------|

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|   |   | Below-market contracts |   |
|--------|--------|-----------------------------|--------|
| 2011   |   | $                           | 3,591  |   |
| 2012   |   |                        | 3,561  |   |
| 2013   |   |                        | 3,561  |   |
| 2014   |   |                        | 3,454  |   |
| 2015   |   |                        | 2,467  |   |

|                                              |   | Years              |   |
|---------------------------------------------------|--------|--------------------|--------|
| Buildings                                         |   | 10 to 20 |   |
| Mining and other equipment and related facilities |   | 1 to 20            |   |
| Land improvements                                 |   |               | 15     |   |
| Transportation equipment                          |   | 2 to 10            |   |
| Furniture and fixtures                            |   | 3 to 10            |   |

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| 3. | CAPITAL RESTRUCTURING |
|----|-----------------------|

| 4. | INVENTORIES |
|----|-------------|

|                                         |    | 2010   |   |   | 2009   |   |
|----------------------------------------------|--------------|--------|--------|--------|--------|--------|
| Coal                                         |    | $      | 37,126 |   |   | $      | 49,120 |   |
| Parts and supplies                           |    |   | 35,288 |   |   |   | 35,065 |   |
| Reserve for obsolescence, parts and supplies |    |   | (2,385 | )      |   |   | (2,148 | ) |
| Total                                        |    | $      | 70,029 |   |   | $      | 82,037 |   |

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| 5. | PROPERTY, PLANT, EQUIPMENT AND MINE DEVELOPMENT |
|----|-------------------------------------------------|

|                                                      |    | 2010   |      |   | 2009   |   |
|-----------------------------------------------------------|--------------|--------|-----------|--------|--------|--------|
| Coal lands and mineral rights                             |    | $      | 586,618   |   |   | $      | 586,706 |   |
| Plant and equipment                                       |    |   | 655,014   |   |   |   | 620,451 |   |
| Mine development                                          |    |   | 242,699   |   |   |   | 195,756 |   |
| Land and land improvements                                |    |   | 24,781    |   |   |   | 26,351 |   |
| Coalbed methane well development costs                    |    |   | 14,697    |   |   |   | 14,889 |   |
|                                                      |    |   | 1,523,809 |   |   |   | 1,444,153 |   |
| Less accumulated depreciation, depletion and amortization |    |   | (483,691  | )      |   |   | (405,953 | ) |
| Net property, plant and equipment                         |    | $      | 1,040,118 |   |   | $      | 1,038,200 |   |

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| 6. | DEBT |
|----|------|

|                                                                                           |   | 2010   |                |   | 2009   |   |
|------------------------------------------------------------------------------------------------|--------|--------|---------------------|--------|--------|--------|
| 9.125% Senior Notes, due 2018, net of debt discount of $1,308                                  |   | $      | 198,692             |   |   | $      | —   |   |
| 4.00% Convertible Senior Notes, due 2017, net of debt discount of $31,882                      |   |   | 83,118              |   |   |   | —   |   |
| 9.00% Convertible Senior Notes, due 2012, net of debt discount of $28 and $9,480, respectively |   |   | 703                 |   |   |   | 152,022 |   |
| 10.25% Senior Notes, due 2014                                                                  |   |   | —   |   |   |   | 175,000 |   |
| Equipment notes                                                                                |   |   | 42,730              |   |   |   | 54,417 |   |
| Capital lease and other                                                                        |   |   | 1,107               |   |   |   | 2,870 |   |
| Total                                                                                          |   |   | 326,350             |   |   |   | 384,309 |   |
| Less current portion                                                                           |   |   | (17,928             | )      |   |   | (17,794 | ) |
| Long-term debt and capital lease                                                               |   | $      | 308,422             |   |   | $      | 366,515 |   |

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| Year ending December 31: |   |   |    |
|-------------------------------|--------|--------|---------|
| 2011                          |   | $      | 17,928  |   |
| 2012                          |   |   | 16,357  |   |
| 2013                          |   |   | 9,029   |   |
| 2014                          |   |   | 1,149   |   |
| 2015                          |   |   | 105     |   |
| Thereafter                    |   |   | 315,000 |   |
| Total                         |   |   | 359,568 |   |
| Less debt discount            |   |   | (33,218 | ) |
| Total                         |   | $      | 326,350 |   |

| 7. | ACCRUED EXPENSES AND OTHER |
|----|----------------------------|

|                                      |   | 2010   |   |   | 2009   |   |
|-------------------------------------------|--------|--------|--------|--------|--------|--------|
| Compensation and related expenses         |   | $      | 28,860 |   |   | $      | 33,414 |   |
| Interest                                  |   |   | 6,370  |   |   |   | 15,690 |   |
| Royalties                                 |   |   | 6,452  |   |   |   | 6,177 |   |
| Sales and production related taxes        |   |   | 4,842  |   |   |   | 5,395 |   |
| Deferred revenue                          |   |   | 846    |   |   |   | 454 |   |
| Personal property, land and mineral taxes |   |   | 5,566  |   |   |   | 4,717 |   |
| Transportation                            |   |   | 2,208  |   |   |   | 1,946 |   |
| Other                                     |   |   | 5,948  |   |   |   | 7,010 |   |
| Total                                     |   | $      | 61,092 |   |   | $      | 74,803 |   |

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| 8. | ASSET RETIREMENT OBLIGATION |
|----|-----------------------------|

|                                    |    | 2010   |   |   | 2009   |   |
|-----------------------------------------|--------------|--------|--------|--------|--------|--------|
| Balance at beginning of year            |    | $      | 74,991 |   |   | $      | 79,246 |   |
| Revisions of estimated cash flows       |    |   | 1,144  |   |   |   | (3,574 | ) |
| Liabilities incurred (net of disposals) |    |   | 973    |   |   |   | (546 | ) |
| Expenditures                            |    |   | (5,310 | )      |   |   | (7,566 | ) |
| Accretion                               |    |   | 7,346  |   |   |   | 7,431 |   |
| Balance at end of year                  |    | $      | 79,144 |   |   | $      | 74,991 |   |

|                                                      |    | 2010    |   |   | 2009   |    |
|-----------------------------------------------------------|--------------|---------|--------|--------|--------|---------|
| Current portion of reclamation and mine closure costs     |    | $       | 8,414  |   |   | $       | 9,390 |   |
| Non-current portion of reclamation and mine closure costs |    |    | 70,730 |   |   |    | 65,601 |   |
| Total                                                     |    | $  | 79,144 |   |   | $  | 74,991 |   |

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| 9. | INCOME TAXES |
|----|--------------|

|                         |    | 2010   |                |   | 2009   |   |   | 2008   |   |
|------------------------------|--------------|--------|---------------------|--------|--------|--------|--------|--------|--------|
| Current:                     |         |   |                |   |   |   |   |   |   |   |   |   |
| Federal                      |         | $      | —   |   |   | $      | (1,249 | )      |   | $ | 374 |   |
| State                        |         |   | 783                 |   |   |   | 1,122  |   |   |   | 390 |   |
|                         |         |   | 783                 |   |   |   | (127   | )      |   |   | 764 |   |
| Deferred:                    |         |   |                |   |   |   |   |   |   |   |   |   |
| Federal                      |         |   | (2,296              | )      |   |   | 5,582  |   |   |   | (21,877 | ) |
| State                        |         |   | (2,237              | )      |   |   | 2,277  |   |   |   | (2,557 | ) |
|                         |         |   | (4,533              | )      |   |   | 7,859  |   |   |   | (24,434 | ) |
| Income tax (benefit) expense |         | $      | (3,750              | )      |   | $      | 7,732  |   |   | $ | (23,670 | ) |

|                                                                                      |    | 2010   |                |   | 2009   |   |                | 2008   |   |
|-------------------------------------------------------------------------------------------|--------------|--------|---------------------|--------|--------|--------|---------------------|--------|--------|
| Federal income tax expense (benefit) computed at statutory rate                           |    | $      | 9,227               |   |   | $      | 10,298              |   |   | $ | (17,464 | ) |
| State income tax expense (benefit), net of federal tax effect, computed at statutory rate |    |   | (945                | )      |   |   | 2,235               |   |   |   | (1,414 | ) |
| Percentage depletion in excess of tax basis at statutory rate                             |    |   | (14,276             | )      |   |   | (9,204              | )      |   |   | (6,477 | ) |
| Penalties                                                                                 |         |   | 1,211               |   |   |   | 1,007               |   |   |   | 1,869 |   |
| Goodwill impairment                                                                       |    |   | —   |   |   |   | —   |   |   |   | (490 | ) |
| Loss on extinguishment of debt                                                            |         |   | 266                 |   |   |   | 2,841               |   |   |   | —   |   |
| Medicare Part D Subsidy                                                                   |         |   | 732                 |   |   |   | —   |   |   |   | —   |   |
| Other                                                                                     |    |   | 35                  |   |   |   | 555                 |   |   |   | 306 |   |
| Income tax (benefit) expense                                                              |    | $      | (3,750              | )      |   | $      | 7,732               |   |   | $ | (23,670 | ) |

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|                                                                                                                                                   |    | 2010   |     |   | 2009   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------|----------|--------|--------|--------|
| Deferred tax assets:                                                                                                                                   |    |   |     |   |   |   |   |   |
| Accrued employee benefits                                                                                                                              |    | $      | 32,497   |   |   | $      | 26,526 |   |
| Accrued reclamation and closure                                                                                                                        |    |   | 31,598   |   |   |   | 30,810 |   |
| Below-market contracts                                                                                                                                 |    |   | 8,992    |   |   |   | 10,124 |   |
| NOL carryover                                                                                                                                          |    |   | 86,305   |   |   |   | 79,510 |   |
| Goodwill                                                                                                                                               |    |   | 46,622   |   |   |   | 50,528 |   |
| Other                                                                                                                                                  |    |   | 14,167   |   |   |   | 16,502 |   |
| Total deferred tax assets                                                                                                                              |    |   | 220,181  |   |   |   | 214,000 |   |
| Valuation allowance for deferred tax assets                                                                                                            |         |   | (2,428   | )      |   |   | (2,561 | ) |
| Total deferred tax assets, net of valuation allowance                                                                                                  |         |   | 217,753  |   |   |   | 211,439 |   |
|                                                                                                                                                   |         |   |     |   |   |   |   |   |
| Deferred tax liabilities:                                                                                                                              |    |   |     |   |   |   |   |   |
| Property, coal lands and mine development costs                                                                                                        |    |   | (251,720 | )      |   |   | (246,579 | ) |
| Other                                                                                                                                                  |    |   | (12,922  | )      |   |   | (6,353 | ) |
|                     Total deferred tax liabilities |    |   | (264,642 | )      |   |   | (252,932 | ) |
| Net deferred tax liability                                                                                                                             |    | $      | (46,889  | )      |   | $      | (41,493 | ) |
|                                                                                                                                                   |    |   |     |   |   |   |   |   |
| Classified in balance sheet:                                                                                                                           |    |   |     |   |   |   |   |   |
| Deferred income taxes—current                                                                                                                    |    | $      | 13,563   |   |   | $      | 15,906 |   |
| Deferred income taxes—non-current                                                                                                                |    |   | (60,452  | )      |   |   | (57,399 | ) |
| Total                                                                                                                                                  |    | $      | (46,889  | )      |   | $      | (41,493 | ) |

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|                                                                                                     |    | 2010   |                |   | 2009   |   |                | 2008   |   |
|----------------------------------------------------------------------------------------------------------|--------------|--------|---------------------|--------|--------|--------|---------------------|--------|--------|
| Balance at beginning of year                                                                             |    | $      | 135                 |   |   | $      | 205                 |   |   | $ | 971 |   |
| Increase in unrecognized tax benefits resulting from tax positions taken during prior period             |    |   | 2,998               |   |   |   | —   |   |   |   | —   |   |
| Reduction in unrecognized tax benefits as a result of the lapse of the applicable statute of limitations |    |   | —   |   |   |   | (70                 | )      |   |   | (127 | ) |
| Reduction in unrecognized tax benefits as a result of a settlement with taxing authorities               |         |   | —   |   |   |   | —   |   |   |   | (639 | ) |
| Balance at end of year                                                                                   |         | $      | 3,133               |   |   | $      | 135                 |   |   | $ | 205 |   |

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| 10. | EMPLOYEE BENEFITS |
|-----|-------------------|

|                                 |   | 2010   |   |   | 2009   |   |
|--------------------------------------|--------|--------|--------|--------|--------|--------|
| Postretirement benefits              |   | $      | 47,095 |   |   | $      | 30,048 |   |
| Black lung benefits                  |   |   | 26,291 |   |   |   | 25,936 |   |
| Workers’ compensation benefits |   |   | 10,362 |   |   |   | 10,307 |   |
| Coal Act benefits                    |   |   | 1,393  |   |   |   | 1,449 |   |
| Postemployment benefits              |   |   | 558    |   |   |   | —   |   |
| Total                                |   |   | 85,699 |   |   |   | 67,740 |   |
| Less current portion                 |   |   | (3,831 | )      |   |   | (3,973 | ) |
| Employee benefits—non-current  |   | $      | 81,868 |   |   | $      | 63,767 |   |

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|                                                   |    | 2010    |                |   | 2009   |    |
|--------------------------------------------------------|--------------|---------|---------------------|--------|--------|---------|
| Changes in Benefit Obligations:                        |    |    |                |   |   |    |   |   |
| Accumulated benefit obligations at beginning of period |    | $       | 30,048              |   |   | $       | 27,974 |   |
| Plan change-prior service cost                         |         |    | 13,009              |   |   |    | —   |   |
| Service cost                                           |    |    | 3,598               |   |   |    | 3,335 |   |
| Interest cost                                          |    |    | 2,054               |   |   |    | 1,748 |   |
| Actuarial gain                                         |    |    | (1,522              | )      |   |    | (2,986 | ) |
| Benefits paid                                          |    |    | (92                 | )      |   |    | (23 | ) |
| Accumulated benefit obligation at end of period        |    |    | 47,095              |   |   |    | 30,048 |   |
| Fair value of plan assets at end of period             |    |    | —   |   |   |    | —   |   |
| Net liability recognized                               |    | $  | 47,095              |   |   | $  | 30,048 |   |

|                                                  |    | 2010    |   |   | 2009   |    |                | 2008   |   |
|-------------------------------------------------------|--------------|---------|--------|--------|--------|---------|---------------------|--------|--------|
| Balance at beginning of year                          |    | $  | 5,274  |   |   | $  | 8,548               |   |   | $  | 10,235 |   |
| Plan change-prior service cost                        |         |    | 13,009 |   |   |    | —   |   |   |   | —   |   |
| Actuarial gain                                        |    |    | (1,522 | )      |   |    | (2,986              | )      |   |   | (1,257 | ) |
| Amortization of actuarial loss and prior service cost |    |    | (780   | )      |   |    | (288                | )      |   |   | (430 | ) |
| Balance at end of year                                |    | $       | 15,981 |   |   | $       | 5,274               |   |   | $ | 8,548 |   |

|                                                  |    | 2010    |   |   | 2009   |    |   | 2008         |   |
|-------------------------------------------------------|--------------|---------|--------|--------|--------|---------|--------|--------------|--------|
| Net periodic benefit cost:                            |    |    |   |   |   |    |   |    |   |   |   |   |
| Service cost                                          |    | $  | 3,598  |   |   | $  | 3,335  |    |   | $  | 2,607 |   |
| Interest cost                                         |    |    | 2,054  |   |   |    | 1,748  |    |   |   | 1,627 |   |
| Amortization of actuarial loss and prior service cost |    |    | 780    |   |   |    | 288    |    |   |   | 430 |   |
| Benefit cost                                          |    | $       | 6,432  |   |   | $       | 5,371  |    |   | $ | 4,664 |   |

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| 2011              |    | $      | 626    |
|-------------------|--------------|--------|--------|
| 2012              |    |   | 1,035  |
| 2013              |    |   | 1,478  |
| 2014              |    |   | 1,757  |
| 2015              |    |   | 2,036  |
| 2016 – 2020 |    |   | 15,975 |
| Total             |    | $      | 22,907 |

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|                                                   |    | 2010    |                |   | 2009   |    |
|--------------------------------------------------------|--------------|---------|---------------------|--------|--------|---------|
| Changes in Benefit Obligations:                        |    |    |                |   |   |    |   |   |
| Accumulated benefit obligations at beginning of period |    | $       | 25,936              |   |   | $       | 22,824 |   |
| Service cost                                           |    |    | 2,443               |   |   |    | 2,771 |   |
| Interest cost                                          |    |    | 1,556               |   |   |    | 1,579 |   |
| Actuarial gain                                         |    |    | (3,580              | )      |   |    | (1,151 | ) |
| Benefits paid                                          |    |    | (64                 | )      |   |    | (87 | ) |
| Accumulated benefit obligation at end of period        |    |    | 26,291              |   |   |    | 25,936 |   |
| Fair value of plan assets at end of period             |    |    | —   |   |   |    | —   |   |
| Net liability                                          |    | $  | 26,291              |   |   | $  | 25,936 |   |

|                           |    | 2010    |   |   | 2009   |    |   | 2008   |   |
|--------------------------------|--------------|---------|--------|--------|--------|---------|--------|--------|--------|
| Balance at beginning of year   |    | $  | (5,392 | )      |   | $  | (4,631 | )      |   | $  | (7,030 | ) |
| Actuarial (gain) loss          |    |    | (3,580 | )      |   |    | (1,151 | )      |   |   | 1,451 |   |
| Amortization of actuarial gain |    |    | 141    |   |   |    | 390    |   |   |   | 948 |   |
| Balance at end of year         |    | $       | (8,831 | )      |   | $       | (5,392 | )      |   | $ | (4,631 | ) |

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|                           |    | 2010    |   |   | 2009   |    |   | 2008         |   |
|--------------------------------|--------------|---------|--------|--------|--------|---------|--------|--------------|--------|
| Net periodic benefit cost:     |    |    |   |   |   |    |   |    |   |   |   |   |
| Service cost                   |    | $  | 2,443  |   |   | $  | 2,771  |         |   | $  | 2,045 |   |
| Interest cost                  |    |    | 1,556  |   |   |    | 1,579  |         |   |   | 1,611 |   |
| Amortization of actuarial gain |    |    | (141   | )      |   |    | (390   | )            |   |   | (948 | ) |
| Benefit cost                   |    | $       | 3,858  |   |   | $       | 3,960  |         |   | $ | 2,708 |   |

| 2011              |    | $      | 596    |
|-------------------|--------------|--------|--------|
| 2012              |    |   | 836    |
| 2013              |    |   | 830    |
| 2014              |    |   | 846    |
| 2015              |    |   | 1,159  |
| 2016 – 2020 |    |   | 9,462  |
| Total             |    | $      | 13,729 |

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| 11. | EMPLOYEE STOCK AWARDS |
|-----|-----------------------|

|                        |   | 2010   |         |   | 2009   |   |         | 2008   |   |
|-----------------------------|--------|--------|--------------|--------|--------|--------|--------------|--------|--------|
| Expected term (in years)    |   |   | 5 - 7.5      |   |   |   | 5            |   |   |   | 5 |   |
| Expected volatility         |   |   | 50.8% - 67.4 | %      |   |   | 48.2% - 50.8 | %      |   |   | 43.0% - 48.2 | % |
| Weighted-average volatility |   |   | 67.4         | %      |   |   | 50.8         | %      |   |   | 43.5 | % |
| Risk-free rate              |   |   | 1.2% - 3.1   | %      |   |   | 1.4% - 2.8   | %      |   |   | 1.7% - 3.7 | % |
| Expected dividends          |   |   | —      |   |   |   | —      |   |   |   | — |   |

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| Options                                                                       |   | Shares |      |   | Weighted- Average Exercise Price |   |   | Weighted- Average Remaining Contractual Term (years) |   |   | Aggregate Intrinsic Value |   |
|-------------------------------------------------------------------------------|--------|--------|-----------|--------|-------------------------------------------------|--------|--------|-------------------------------------------------------------------------------|--------|--------|-------------------------------------|--------|
| Outstanding at January 1, 2010                                           |   |   | 5,034,610 |   |                                            | $      | 5.00   |                                                                          |   |   |                                |   |   |   |
| Granted                                                                       |   |   | 881,085   |   |                                            |   | 4.18   |                                                                          |   |   |                                |   |   |   |
| Exercised                                                                     |   |   | (41,750   | )      |                                            |   | 2.71   |                                                                          |   |   |                                |   |   |   |
| Forfeited                                                                     |   |   | (99,674   | )      |                                            |   | 3.23   |                                                                          |   |   |                                |   |   |   |
| Expired                                                                       |   |   | (34,688   | )      |                                            |   | 7.09   |                                                                          |   |   |                                |   |   |   |
| Outstanding at December 31, 2010                                              |   |   | 5,739,583 |   |                                            |   | 4.91   |                                                                          |   |   | 7.26                                |   |   | $ | 19,038 |   |
| Vested or expected to vest at December 31, 2010 |   |   | 5,445,277 |   |                                            |   | 5.01   |                                                                          |   |   | 7.20                                |   |   |   | 17,647 |   |
| Exercisable at December 31, 2010                                              |   |   | 2,766,566 |   |                                            |   | 6.92   |                                                                          |   |   | 6.13                                |   |   |   | 4,964 |   |

| Nonvested Shares               |   | Shares |      |   | Weighted- Average Grant-Date Fair Value |   |
|--------------------------------|--------|--------|-----------|--------|--------------------------------------------------------|--------|
| Nonvested at January 1, 2010   |   |   | 1,148,479 |   |                                                   | $      | 2.97 |   |
| Granted                        |   |   | 396,885   |   |                                                   |   | 4.25 |   |
| Vested                         |   |   | (357,637  | )      |                                                   |   | 3.69 |   |
| Forfeited                      |   |   | (42,721   | )      |                                                   |   | 3.47 |   |
| Nonvested at December 31, 2010 |   |   | 1,145,006 |   |                                                   |   | 3.17 |   |

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|    Restricted Share Units |   |   Shares |    |   | Weighted-Average Grant-DateFair Value |   |
|------------------------------------------|--------|--------------------|---------|--------|--------------------------------------------|--------|
| Nonvested at January 1, 2010             |   |               | — |   |                                       | $      | — |   |
| Granted                                  |   |               | 85,155  |   |                                       |   | 4.11 |   |
| Vested                                   |   |               | (85,155 | )      |                                       |   | 4.11 |   |
| Forfeited                                |   |               | — |   |                                       |   | — |   |
| Nonvested at December 31, 2010      |   |               | — |   |                                       |   | — |   |

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| 12. | VARIABLE INTEREST ENTITIES |
|-----|----------------------------|

|        |   | 2010   |                |   | 2009   |   |           | 2008   |         |
|-------------|--------|--------|---------------------|--------|--------|--------|---------------------|--------|--------------|
| Assets      |   | $      | 289                 |   |   | $      | 188                 |   |    | $ | 213 |   |
| Liabilities |   |   | 160                 |   |   |   | 65                  |   |    |   | 138 |   |
| Revenue     |   |   | —   |   |   |   | —   |   |    |   | —   |   |
| Net income  |   |   | 3                   |   |   |   | 66                  |   |    |   | —   |   |

| 13. | GOODWILL |
|-----|----------|

| 14. | INVESTMENT IN JOINT OPERATING AGREEMENT |
|-----|-----------------------------------------|

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| 15. | EARNINGS PER SHARE |
|-----|--------------------|

|                                                             |   | 2010   |        |    | 2009         |   |                | 2008   |   |
|------------------------------------------------------------------|--------|--------|-------------|--------------|--------------|--------|---------------------|--------|--------|
| Net income (loss) attributable to International Coal Group, Inc. |   | $      | 30,111      |         |    | $      | 21,458              |   |   | $ | (26,227 | ) |
|                                                             |   |   |        |         |    |   |                |   |   |   |   |   |
| Average common shares outstanding—basic                    |   |   | 197,366,978 |         |    |   | 153,630,446         |   |   |   | 152,632,586 |   |
| Incremental shares arising from:                                 |   |   |        |         |    |   |                |   |   |   |   |   |
| Stock options                                                    |   |   | 881,383     |         |    |   | 290,019             |   |   |   | —   |   |
| Restricted shares                                                |   |   | 391,038     |         |         |   | 1,367,577           |   |   |   | —   |   |
| Restricted share units                                           |   |   | 169,512     |         |         |   | 98,221              |   |   |   | —   |   |
| Convertible senior notes                                         |   |   | 6,475,088   |         |         |   | —   |   |   |   | —   |   |
| Average common shares outstanding—diluted                  |   |   | 205,283,999 |         |    |   | 155,386,263         |   |   |   | 152,632,586 |   |
|                                                             |   |   |        |         |    |   |                |   |   |   |   |   |
| Earnings Per Share:                                              |   |   |        |         |    |   |                |   |   |   |   |   |
|     Basic                                    |   | $      | 0.15        |         |         | $      | 0.14                |   |   | $ | (0.17 | ) |
| Diluted                                                          |   |   | 0.15        |         |         |   | 0.14                |   |   |   | (0.17 | ) |

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| 16. | COMMITMENTS AND CONTINGENCIES |
|-----|-------------------------------|

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|                                      |   | Royalties |   |   | Operating Leases |   |                | Capital Leases |   |
|-------------------------------------------|--------|-----------|--------|--------|------------------|--------|---------------------|----------------|--------|
| Year ended December 31,                   |   |      |   |   |             |   |                |           |   |
| 2011                                      |   | $         | 10,814 |   |             | $      | 131                 |           |   | $ | 1,151 |   |
| 2012                                      |   |      | 9,281  |   |             |   | 58                  |           |   |   | —   |   |
| 2013                                      |   |      | 8,284  |   |             |   | 25                  |           |   |   | —   |   |
| 2014                                      |   |      | 7,961  |   |             |   | 6                   |           |   |   | —   |   |
| 2015                                      |   |      | 7,382  |   |             |   | —   |           |   |   | —   |   |
| Thereafter                                |   |      | 27,207 |   |             |   | —   |           |   |   | —   |   |
| Total minimum lease payments              |   | $         | 70,929 |   |             | $      | 220                 |           |   | $ | 1,151 |   |
| Less—amount representing interest   |   |      |   |   |             |   |                |           |   |   | (44 | )  |
| Present value of minimum lease payments   |   |      |   |   |             |   |                |           |   |   | 1,107 |   |
| Less—current portion                |   |      |   |   |             |   |                |           |   |   | (1,107 | ) |
| Total long-term portion of capital leases |   |      |   |   |             |   |                |           |   | $ | —   |   |

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|  17. | CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS |
|-----------|--------------------------------------------------|

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| 18. | FAIR VALUE OF FINANCIAL INSTRUMENTS |
|-----|-------------------------------------|

|                                     |   | 2010                 |    |   | 2009       |   |
|------------------------------------------|--------|----------------------|---------|--------|------------|--------|
|                                     |   | PrincipalOutstanding |    |   | Fair Value |   |   | Principal Outstanding |   |   | Fair Value |   |
| 9.125% Senior Notes, due 2018            |   | $                    | 200,000 |   |       | $      | 216,000 |   |   | $ | — |   |   | $ | — |   |
| 4.00% Convertible Senior Notes, due 2017 |   |                 | 115,000 |   |       |   | 175,168 |   |   |   | — |   |   |   | — |   |
| 9.00% Convertible Senior Notes, due 2012 |   |                 | 731     |   |       |   | 987 |   |   |   | 161,502 |   |   |   | 177,458 |   |
| 10.25% Senior Notes, due 2014            |   |                 | — |   |       |   | — |   |   |   | 175,000 |   |   |   | 168,219 |   |

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| 19. | RELATED PARTY TRANSACTIONS AND BALANCES |
|-----|-----------------------------------------|

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| 20. | SEGMENT INFORMATION |
|-----|---------------------|

|                                     |   | Central Appalachian |    |   | Northern Appalachian |   |    | Illinois Basin |   |   | Ancillary |   |   | Consolidated |    |
|------------------------------------------|--------|--------------------------|---------|--------|---------------------------|--------|---------|---------------------|--------|--------|-----------|--------|--------|--------------|---------|
| Revenue                                  |   | $                        | 701,639 |   |                      | $      | 305,436 |                |   | $      | 95,115    |   |   | $            | 64,281  |   |   | $ | 1,166,471 |   |
| Adjusted EBITDA                          |   |                     | 146,700 |   |                      |   | 58,622  |                |   |   | 23,736    |   |   |         | (27,983 | ) |   |   | 201,075 |   |
| Depreciation, depletion and amortization |   |                     | 70,045  |   |                      |   | 20,491  |                |   |   | 9,131     |   |   |         | 4,899   |   |   |   | 104,566 |   |
| Capital expenditures                     |   |                     | 37,725  |   |                      |   | 42,033  |                |   |   | 23,386    |   |   |         | 3,737   |   |   |   | 106,881 |   |
| Total assets                             |   |                     | 676,076 |   |                      |   | 218,115 |                |   |   | 68,467    |   |   |         | 517,039 |   |   |   | 1,479,697 |   |

|                                     |   | Central Appalachian |    |   | Northern Appalachian |   |    | Illinois Basin |   |   | Ancillary |   |   | Consolidated |    |
|------------------------------------------|--------|--------------------------|---------|--------|---------------------------|--------|---------|---------------------|--------|--------|-----------|--------|--------|--------------|---------|
| Revenue                                  |   | $                        | 734,687 |   |                      | $      | 223,486 |                |   | $      | 83,908    |   |   | $            | 83,268  |   |   | $ | 1,125,349 |   |
| Adjusted EBITDA                          |   |                     | 169,842 |   |                      |   | 31,005  |                |   |   | 14,405    |   |   |         | (13,575 | ) |   |   | 201,677 |   |
| Depreciation, depletion and amortization |   |                     | 71,298  |   |                      |   | 20,991  |                |   |   | 7,957     |   |   |         | 5,838   |   |   |   | 106,084 |   |
| Capital expenditures                     |   |                     | 44,289  |   |                      |   | 21,159  |                |   |   | 17,573    |   |   |         | 4,864   |   |   |   | 87,885 |   |
| Total assets                             |   |                     | 723,818 |   |                      |   | 184,626 |                |   |   | 55,311    |   |   |         | 404,205 |   |   |   | 1,367,960 |   |

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|                                     |   | Central Appalachian |    |   | Northern Appalachian |   |    | Illinois Basin |   |   | Ancillary |   |   | Consolidated |    |
|------------------------------------------|--------|--------------------------|---------|--------|---------------------------|--------|---------|---------------------|--------|--------|-----------|--------|--------|--------------|---------|
| Revenue                                  |   | $                        | 702,958 |   |                      | $      | 230,660 |                |   | $      | 79,682    |   |   | $            | 83,436  |   |   | $ | 1,096,736 |   |
| Adjusted EBITDA                          |   |                     | 107,186 |   |                      |   | 23,687  |                |   |   | 14,784    |   |   |         | (18,436 | ) |   |   | 127,221 |   |
| Depreciation, depletion and amortization |   |                     | 64,132  |   |                      |   | 17,884  |                |   |   | 7,342     |   |   |         | 6,689   |   |   |   | 96,047 |   |
| Impairment losses                        |   |                     | — |   |                      |   | 7,191   |                |   |   | —   |   |   |         | 30,237  |   |   |   | 37,428 |   |
| Capital expenditures                     |   |                     | 112,617 |   |                      |   | 41,760  |                |   |   | 7,148     |   |   |         | 11,070  |   |   |   | 172,595 |   |
| Total assets                             |   |                     | 751,986 |   |                      |   | 184,846 |                |   |   | 40,850    |   |   |         | 372,965 |   |   |   | 1,350,647 |   |

|                                                             |         | Year Ended December 31, |                |
|------------------------------------------------------------------|--------------|-------------------------|---------------------|
|                                                             |    | 2010                    |                |   | 2009 |   |   | 2008 |   |
| Net income (loss) attributable to International Coal Group, Inc. |    | $                       | 30,111              |   |   | $ | 21,458 |   |   | $ | (26,227 | ) |
| Depreciation, depletion and amortization                         |    |                    | 104,566             |   |   |   | 106,084 |   |   |   | 96,047 |   |
| Interest expense, net                                            |    |                    | 40,736              |   |   |   | 53,044 |   |   |   | 43,643 |   |
| Income tax expense (benefit)                                     |    |                    | (3,750              | ) |   |   | 7,732 |   |   |   | (23,670 | ) |
| Loss on extinguishment of debt                                   |         |                    | 29,409              |   |   |   | 13,293 |   |   |   | —   |   |
| Impairment loss                                                  |    |                    | —   |   |   |   | —   |   |   |   | 37,428 |   |
| Noncontrolling interest                                          |    |                    | 3                   |   |   |   | 66 |   |   |   | —   |   |
| Adjusted EBITDA                                                  |    | $                       | 201,075             |   |   | $ | 201,677 |   |   | $ | 127,221 |   |

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| 21. | SUPPLEMENTARY GUARANTOR INFORMATION |
|-----|-------------------------------------|

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| 22. | QUARTERLY DATA (UNAUDITED) |
|-----|----------------------------|

|                                                             |    | 2010                                            |    |
|------------------------------------------------------------------|--------------|-------------------------------------------------|---------|
|                                                             |    | Three months ended March 31 |    |   | Three months ended June 30 |   |   | Three months ended September 30 |   |   | Three months ended December 31 |   |
| Revenue                                                          |    | $                                               | 288,594 |   |   | $ | 300,440 |   |   | $ | 313,064 |   |   | $ | 264,373 |   |
| Income from operations                                           |    |                                            | 20,470  |   |   |   | 18,671 |   |   |   | 35,740 |   |   |   | 21,628 |   |
| Net income (loss) attributable to International Coal Group, Inc. |    |                                            | (8,852  | ) |   |   | 4,482 |   |   |   | 24,850 |   |   |   | 9,631 |   |
| Basic earnings per common share                                  |    | $                                               | (0.05   | ) |   | $ | 0.02 |   |   | $ | 0.12 |   |   | $ | 0.05 |   |
| Diluted earnings per common share                                |    | $                                               | (0.05   | ) |   | $ | 0.02 |   |   | $ | 0.12 |   |   | $ | 0.05 |   |

|                                                             |    | 2009                                            |    |
|------------------------------------------------------------------|--------------|-------------------------------------------------|---------|
|                                                             |    | Three months ended March 31 |    |   | Three months ended June 30 |   |   | Three months ended September 30 |   |   | Three months ended December 31 |   |
| Revenue                                                          |    | $                                               | 304,966 |   |   | $ | 277,797 |   |   | $ | 296,622 |   |   | $ | 245,964 |   |
| Income from operations                                           |    |                                            | 18,235  |   |   |   | 26,205 |   |   |   | 37,689 |   |   |   | 13,464 |   |
| Net income (loss) attributable to International Coal Group, Inc. |    |                                            | 3,693   |   |   |   | 10,382 |   |   |   | 18,716 |   |   |   | (11,333 | ) |
| Basic earnings per common share                                  |    | $                                               | 0.02    |   |   | $ | 0.07 |   |   | $ | 0.12 |   |   | $ | (0.07 | ) |
| Diluted earnings per common share                                |    | $                                               | 0.02    |   |   | $ | 0.07 |   |   | $ | 0.12 |   |   | $ | (0.07 | ) |

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Schedule 

|                                                                                                                                                                                                                                                                       |    | December 31,2010 |                |   | December 31, 2009 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|------------------|---------------------|--------|-----------------------------|--------|
| ASSETS                                                                                                                                                                                                                                                                     |    |             |                |   |                        |   |
| CURRENT ASSETS:                                                                                                                                                                                                                                                            |         |             |                |   |                        |   |   |   |
| Prepaid expenses and other                                                                                                                                                                                                                                                 |         | $                | —   |   |                        | $      | 391 |   |
| DEBT ISSUANCE COSTS, net                                                                                                                                                                                                                                                   |    |             | 8,476               |   |                        |   | 5,822 |   |
| DEFERRED INCOME TAXES                                                                                                                                                                                                                                                      |    |             | 48,019              |   |                        |   | 37,877 |   |
| INVESTMENT IN SUBSIDIARIES                                                                                                                                                                                                                                                 |         |             | 985,959             |   |                        |   | 906,952 |   |
| Total assets                                                                                                                                                                                                                                                               |    | $                | 1,042,454           |   |                        | $      | 951,042 |   |
|                                                                                                                                                                                                                                                                       |    |             |                |   |                        |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                                                                                 |    |             |                |   |                        |   |   |   |
| CURRENT LIABILITIES:                                                                                                                                                                                                                                                       |    |             |                |   |                        |   |   |   |
| Accounts payable                                                                                                                                                                                                                                                           |         | $                | —   |   |                        | $      | 451 |   |
|     Accrued expenses and other                                                                                                                                                                                                                         |         |             |  5,740         |   |                        |   |  14,396 |   |
|      Total current liabilities                                                                                                                                                                                                                         |         |             |  5,740         |   |                        |   |  14,847 |   |
|                                                                                                                                                                                                                                                                       |         |             |                |   |                        |   |   |   |
| LONG-TERM DEBT                                                                                                                                                                                                                                                             |    |             | 282,513             |   |                        |   | 327,022 |   |
| Total liabilities                                                                                                                                                                                                                                                          |    |             | 288,253             |   |                        |   | 341,869 |   |
|                                                                                                                                                                                                                                                                       |         |             |                |   |                        |   |   |   |
| COMMITMENTS AND CONTINGENCIES                                                                                                                                                                                                                                              |    |             |                |   |                        |   |   |   |
|                                                                                                                                                                                                                                                                       |         |             |                |   |                        |   |   |   |
| STOCKHOLDERS’ EQUITY:                                                                                                                                                                                                                                                |    |             |                |   |                        |   |   |   |
| Preferred stock–par value $0.01, 200,000,000 shares authorized, none issued                                                                                                                                                                                          |    |             | —   |   |                        |   | —   |   |
| Common stock–par value $0.01, 2,000,000,000 shares authorized, 203,870,564 and 203,824,372 shares issued and outstanding, respectively, as of December 31, 2010 and 172,820,047 and 172,812,726 shares issued and outstanding, respectively, as of December 31, 2009 |    |             | 2,038               |   |                        |   | 1,728 |   |
| Treasury stock                                                                                                                                                                                                                                                             |         |             | (216                | )      |                        |   | (14 | ) |
| Additional paid-in capital                                                                                                                                                                                                                                                 |    |             | 851,440             |   |                        |   | 732,124 |   |
| Accumulated other comprehensive income (loss)                                                                                                                                                                                                                              |    |             | (3,459              | )      |                        |   | 1,048 |   |
| Retained deficit                                                                                                                                                                                                                                                           |    |             | (95,602             | )      |                        |   | (125,713 | ) |
| Total stockholders’ equity                                                                                                                                                                                                                                           |    |             | 754,201             |   |                        |   | 609,173 |   |
| Total liabilities and stockholders’ equity                                                                                                                                                                                                                           |    | $                | 1,042,454           |   |                        | $      | 951,042 |   |

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|                                        |         | Year Ended December 31, |                |
|---------------------------------------------|--------------|-------------------------|---------------------|
|                                        |    | 2010                    |                |   | 2009 |   |   | 2008 |   |
| INCOME FROM OPERATIONS                      |    | $                       | —   |   |   | $ | —   |   |   | $ | —   |   |
| INTEREST AND OTHER INCOME (EXPENSE):        |    |                    |                |   |   |   |   |   |   |   |   |   |
| Loss on extinguishment of debt              |         |                    | (29,409             | ) |   |   | (13,293 | ) |   |   | —   |   |
| Interest expense, net                       |    |                    | (31,591             | ) |   |   | (44,002 | ) |   |   | (42,905 | ) |
| Loss before income taxes                    |    |                    | (61,000             | ) |   |   | (57,295 | ) |   |   | (42,905 | ) |
| INCOME TAX BENEFIT                          |    |                    | 22,832              |   |   |   | 19,071 |   |   |   | 16,218 |   |
| EQUITY IN NET INCOME (LOSS) OF SUBSIDIARIES |         |                    | 68,279              |   |   |   | 59,682 |   |   |   | 460 |   |
| Net income (loss)                           |    | $                       | 30,111              |   |   | $ | 21,458 |   |   | $ | (26,227 | ) |
|                                        |    |                    |                |   |   |   |   |   |   |   |   |   |
| Earnings per share:                         |    |                    |                |   |   |   |   |   |   |   |   |   |
| Basic                                       |    | $                       | 0.15                |   |   | $ | 0.14 |   |   | $ | (0.17 | ) |
| Diluted                                     |         |                    | 0.15                |   |   |   | 0.14 |   |   |   | (0.17 | ) |
| Weighted-average common shares outstanding: |    |                    |                |   |   |   |   |   |   |   |   |   |
| Basic                                       |    |                    | 197,366,978         |   |   |   | 153,630,446 |   |   |   | 152,632,586 |   |
| Diluted                                     |    |                    | 205,283,999         |   |   |   | 155,386,263 |   |   |   | 152,632,586 |   |

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|                                           |         | Year Ended December 31, |                |
|------------------------------------------------|--------------|-------------------------|---------------------|
|                                           |    | 2010                    |                |   | 2009 |   |   | 2008 |   |
| NET CASH FROM OPERATING ACTIVITIES             |    | $                       | (35,240             | ) |   | $ | (40,453 | ) |   | $ | (38,266 | ) |
| CASH FLOWS FROM INVESTING ACTIVITIES:          |    |                    |                |   |   |   |   |   |   |   |   |   |
| Investment in subsidiaries                     |    |                    | (11,898             | ) |   |   | 40,511 |   |   |   | 38,266 |   |
| Net cash from investing activities             |    |                    | (11,898             | ) |   |   | 40,511 |   |   |   | 38,266 |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:          |    |                    |                |   |   |   |   |   |   |   |   |   |
| Proceeds from convertible notes offering       |    |                    | 115,000             |   |   |   | —   |   |   |   | —   |   |
| Proceeds from senior notes offering            |         |                    | 198,596             |   |   |   | —   |   |   |   | —   |   |
| Proceeds from common stock offering            |         |                    | 102,453             |   |   |   | —   |   |   |   | —   |   |
| Repurchases of senior notes                    |         |                    | (188,960            | ) |   |   | —   |   |   |   | —   |   |
| Repurchases of convertible notes               |         |                    | (169,458            | ) |   |   | —   |   |   |   | —   |   |
| Purchases of treasury stock                    |         |                    | (202                | ) |   |   | —   |   |   |   | —   |   |
| Debt issuance costs                            |    |                    | (10,291             | ) |   |   | (58 | )  |   |   | —   |   |
| Net cash from financing activities             |    |                    | 47,138              |   |   |   | (58 | )  |   |   | —   |   |
| NET CHANGE IN CASH AND CASH EQUIVALENTS        |    |                    | —   |   |   |   | —   |   |   |   | —   |   |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD |    |                    | —   |   |   |   | —   |   |   |   | —   |   |
| CASH AND CASH EQUIVALENTS, END OF PERIOD       |    | $                       | —   |   |   | $ | —   |   |   | $ | —   |   |

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Table of Contents

| LONG-TERM DEBT |
|----------------|

|                                                                                           |   | 2010   |                |   | 2009   |   |
|------------------------------------------------------------------------------------------------|--------|--------|---------------------|--------|--------|--------|
| 9.125% Senior Notes, due 2018, net of debt discount of $1,308                                  |   | $      | 198,692             |   |   | $      | —   |   |
| 4.00% Convertible Senior Notes, due 2017, net of debt discount of $31,882                      |   |   | 83,118              |   |   |   | —   |   |
| 9.00% Convertible Senior Notes, due 2012, net of debt discount of $28 and $9,480, respectively |   |   | 703                 |   |   |   | 152,022 |   |
| 10.25% Senior Notes, due 2014                                                                  |   |   | —   |   |   |   | 175,000 |   |
| Long-term debt                                                                                 |   | $      | 282,513             |   |   | $      | 327,022 |   |

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Table of Contents

| Year ending December 31: |   |    |                |
|-------------------------------|--------|---------|---------------------|
| 2011                          |   | $  | —   |   |
| 2012                          |   |    | 731                 |   |
| 2013                          |   |    | —   |   |
| 2014                          |   |    | —   |   |
| 2015                          |   |    | —   |   |
| Thereafter                    |   |    | 315,000             |   |
| Total                         |   |    | 315,731             |   |
| Less debt discount            |   |    | (33,218             | ) |
| Total                         |   | $       | 282,513             |   |

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Table of Contents

Schedule II

| Description                              |   | Balance at Beginning of Period |   |   | Charged to Revenue, Costs or Expenses |   |   | Other Additions (Deductions) |   |   | Balance at End of Period |   |
|------------------------------------------|--------|-----------------------------------------------|--------|--------|-----------------------------------------------------------|--------|--------|----------------------------------------|--------|--------|-----------------------------------------|--------|
|                                     |   | (in thousands)                                |   |
| Year ended December 31, 2010             |   |                                          |   |   |                                                      |   |   |                                   |   |   |                                    |   |
| Allowance for doubtful accounts          |   | $                                             | 222    |   |                                                      | $      | 783    |                                   |   | $      | —                       |   |   | $ | 1,005 |   |
| Reserve for inventory obsolescence       |   |                                          | 2,148  |   |                                                      |   | 237    |                                   |   |   | —                       |   |   |   | 2,385 |   |
| Reserve for loss—advance royalties |   |                                          | 4,206  |   |                                                      |   | 1,576  |                                   |   |   | (1,189                                  | )      |   |   | 4,593 |   |
| Year ended December 31, 2009             |   |                                          |   |   |                                                      |   |   |                                   |   |   |                                    |   |
| Allowance for doubtful accounts          |   | $                                             | 1,516  |   |                                                      | $      | (1,294 | )                                      |   | $      | —                       |   |   | $ | 222 |   |
| Reserve for inventory obsolescence       |   |                                          | 1,807  |   |                                                      |   | 341    |                                   |   |   | —                       |   |   |   | 2,148 |   |
| Reserve for loss—advance royalties |   |                                          | 3,909  |   |                                                      |   | 1,438  |                                   |   |   | (1,141                                  | )      |   |   | 4,206 |   |
| Year ended December 31, 2008             |   |                                          |   |   |                                                      |   |   |                                   |   |   |                                    |   |   |   |   |   |
| Allowance for doubtful accounts          |   | $                                             | 539    |   |                                                      | $      | 994    |                                   |   | $      | (17                                     | )      |   | $ | 1,516 |   |
| Reserve for inventory obsolescence       |   |                                          | 778    |   |                                                      |   | 1,029  |                                   |   |   | —                       |   |   |   | 1,807 |   |
| Reserve for loss—advance royalties |   |                                          | 3,771  |   |                                                      |   | 630    |                                   |   |   | (492                                    | )      |   |   | 3,909 |   |

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Table of Contents

| INTERNATIONAL COAL GROUP, INC. |
|--------------------------------|
|                           |   |
| By:                            | /s/ Bennett K. Hatfield |
|                           | Bennett K. HatfieldPresident and Chief Executive Officer |

| Signature                  |    | Title                                                        |   | Date              |
|----------------------------|--------------|--------------------------------------------------------------|--------|-------------------|
|                       |         |                                                         |   |              |
| /s/ Bennett K. Hatfield    |         | President, Chief Executive Officer and Director              |   | February 17, 2011 |
| Bennett K. Hatfield        |         | (Principal Executive Officer)                                |   |              |
|                       |         |                                                         |
| /s/ Bradley W. Harris      |    | Senior Vice President, Chief Financial Officer and Treasurer |   | February 17, 2011 |
| Bradley W. Harris          |    | (Principal Accounting and Principal Financial Officer)       |   |              |
|                       |         |                                                         |
| *                          |    | Non-Executive Chairman and Director                          |   | February 17, 2011 |
|   Wilbur L. Ross, Jr. |         |                                                         |
|                       |         |                                                         |   |              |
| *                          |    | Director                                                     |   | February 17, 2011 |
| Maurice E. Carino, Jr.     |    |                                                         |   |              |
|                       |         |                                                         |
| *                          |    | Director                                                     |   | February 17, 2011 |
| Cynthia B. Bezik           |    |                                                         |   |              |
|                       |         |                                                         |
| *                          |    | Director                                                     |   | February 17, 2011 |
| William J. Catacosinos     |    |                                                         |   |              |
|                       |         |                                                         |
| *                          |    | Director                                                     |   | February 17, 2011 |
| Stanley N. Gaines          |    |                                                         |   |              |
|                       |         |                                                         |
| *                          |    | Director                                                     |   | February 17, 2011 |
| Samuel A. Mitchell         |    |                                                         |   |              |
|                       |         |                                                         |   |              |
| *                          |    | Director                                                     |   | February 17, 2011 |
| Wendy L. Teramoto          |    |                                                         |   |              |

| * | The undersigned, by signing his name hereto, does sign and execute this Annual Report on Form 10-K pursuant to the Powers of Attorney executed by the above-named officers and Directors of the Company and filed with the Securities and Exchange Commission on behalf of such officers and Directors. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| INTERNATIONAL COAL GROUP, INC. |
|--------------------------------|
|                           |   |
| By:                            | /s/ Bennett K. Hatfield |
|                           | Bennett K. Hatfield, Attorney-in-Fact |

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Table of Contents

EXHIBIT INDEX

| Exhibit No. |    | Description                                                                                                                                                                                                                                                                                                 |    | Note   |   |
|------------------|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------|--------|
| 3.1              |    | Second Amended and Restated Certificate of Incorporation of International Coal Group, Inc.                                                                                                                                                                                                                  |    | (A)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |
| 3.2              |    | Third Amended and Restated By-Laws of International Coal Group, Inc., effective as of November 17, 2010                                                                                                                                                                                                     |    | (B)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |
| 4.1              |    | Form of Certificate of International Coal Group, Inc. Common Stock                                                                                                                                                                                                                                          |    | (C)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |
| 4.2              |    | Registration Rights Agreement, dated as of April 2005, by and among International Coal Group, Inc., ICG Holdco, Inc., WLR Recovery Fund II, L.P., Contrarian Capital Management LLC, Greenlight Capital Qualified, LP, Stark Trading, Shepherd International Coal Holdings Inc. and Varde Coal, Inc.        |    | (D)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |
| 4.3              |    | Registration Rights Agreement, dated as of May 16, 2008, by and between International Coal Group, Inc. and Fairfax Financial Holdings Limited                                                                                                                                                               |    | (E)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |         |   |   |
| 4.4              |    | Indenture, dated as of July 31, 2007, among International Coal Group, Inc., the guarantors party thereto and The Bank of New York Trust Company, N.A., as Trustee, relating to International Coal Group, Inc.’s 9.00% Convertible Senior Notes due 2012                                               |    | (F)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |
| 4.5              |         | Form of 9.00% Convertible Senior Note due 2012 (included in Exhibit 4.4)                                                                                                                                                                                                                                    |         | (F)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |         |   |   |
| 4.6              |    | Form of Guarantee relating to International Coal Group, Inc.’s 9.00% Convertible Senior Notes due 2012 (included in Exhibit 4.4)                                                                                                                                                                      |    | (F)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |         |   |   |
| 4.7              |         | First Supplemental Indenture, dated December 3, 2009, among International Coal Group, Inc., the guarantors party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee, relating to International Coal Group, Inc.’s 9.00% Convertible Senior Notes due 2012                        |         | (G)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |         |   |   |
| 4.8              |         | Indenture, dated as of March 16, 2010, among International Coal Group, Inc., the guarantors party thereto and The Bank of New York Mellon Trust Company, N.A.                                                                                                                                          |         | (H)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |         |   |   |
| 4.9              |         | First Supplemental Indenture, dated as of March 16, 2010, among International Coal Group, Inc., the guarantors party thereto and The Bank of New York Mellon Trust Company, N.A, relating to International Coal Group, Inc.’s 4.00% Convertible Senior Notes due 2017                            |         | (H)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |         |   |   |
| 4.10             |         | Form of 4.00% Convertible Senior Notes due 2017                                                                                                                                                                                                                                                             |         | (H)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |         |   |   |
| 4.11             |         | Second Supplemental Indenture, dated as of March 22, 2010, among International Coal Group, Inc., the guarantors party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee, relating to International Coal Group, Inc.’s 9.125% Senior Secured Second-Priority Notes due 2018 |         | (I)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |         |   |   |
| 4.12             |         | Form of 9.125% Senior Secured Second-Priority Notes due 2018.                                                                                                                                                                                                                                               |         | (I)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |         |   |   |
| 4.13             |         | Security Agreement, dated as of March 22, 2010, among International Coal Group, Inc., the guarantors party thereto and The Bank of New York Mellon Trust Company, N.A.                                                                                                                                      |         | (I)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |         |   |   |
| 4.14             |         | Intercreditor Agreement, dated as of March 22, 2010, among International Coal Group, Inc., The Bank of New York Mellon Trust Company, N.A., General Electric Capital Corporation and UBS AG, Stamford Branch                                                                                                |         | (I)    |   |
|             |         |                                                                                                                                                                                                                                                                                                        |         |   |   |

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Table of Contents

| Exhibit No. |    | Description                                                                                                                                                    |    | Note   |   |
|------------------|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------|--------|
| 10.1             |    | Advisory Services Agreement, effective as of October 1, 2004, between International Coal Group, LLC and W.L. Ross & Co. LLC                                |         | (J)    |   |
|             |         |                                                                                                                                                           |         |   |   |
| 10.2             |    | Amended and Restated Employment Agreement, dated as of December 31, 2009, by and between Bennett K. Hatfield and International Coal Group, Inc.                |         | (G)    |   |
|             |         |                                                                                                                                                           |         |   |   |
| 10.3             |    | International Coal Group, Inc. Amended and Restated 2005 Equity and Performance Incentive Plan                                                                 |         | (K)    |   |
|             |         |                                                                                                                                                           |         |   |   |
| 10.4             |    | International Coal Group, Inc. Amended and Restated 2005 Equity and Performance Incentive Plan: Incentive Stock Option Agreement                               |         | (L)    |   |
|             |         |                                                                                                                                                           |         |   |   |
| 10.5             |    | International Coal Group, Inc. Amended and Restated 2005 Equity and Performance Incentive Plan: Non-Qualified Stock Option Agreement                           |         | (L)    |   |
|             |         |                                                                                                                                                           |         |   |   |
| 10.6             |    | International Coal Group, Inc. Amended and Restated 2005 Equity and Performance Incentive Plan: Restricted Share Agreement                                     |         | (L)    |   |
|             |         |                                                                                                                                                           |         |   |   |
| 10.7             |    | Form of Indemnification Agreement                                                                                                                              |         | (C)    |   |
|             |         |                                                                                                                                                           |         |   |   |
| 10.8             |         | International Coal Group, Inc. 2005 Amended and Restated Equity and Performance Incentive Plan: Non-Employee Director Restricted Share Unit Agreement          |         | (L)    |   |
|             |         |                                                                                                                                                           |         |   |   |
| 10.9             |    | International Coal Group, Inc. Executive Severance Plan                                                                                                        |         | (L)    |   |
|             |         |                                                                                                                                                           |         |   |   |
| 10.10            |         | International Coal Group, Inc. Director Compensation Plan                                                                                                      |         | (S)    |   |
|             |         |                                                                                                                                                           |         |   |   |
| 10.11            |    | Fee Lease between Kentucky Union Company, lessor, and ICG Hazard, LLC (assigned from Leslie Resources, Inc.), lessee, of Flint Ridge Surface Mine, amended by: |         | (M)    |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |         | (a) Assignment of  Real Property Agreements, dated September 30, 2004, assigning to ICG Hazard, LLC                                             |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |         | (b) Amendment, dated and effective October 23, 2007                                                                                                       |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
| 10.12            |    | Coal Lease between Knight-Ink Heirs, lessor, and ICG Eastern, LLC (assigned from Cherry River Coal and Coke Company), lessee, of Birch River Mine, amended by: |         | (M)    |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |         | (a) Amendment, dated effective October 1, 1977                                                                                                                 |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |    | (b) Partial Assignment of Lease, dated September 20, 1984, assigning to Twin River Coal Co.                                                               |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |    | (c) General Conveyance, Assignment and Transfer, dated December 8, 1988, assigning to Island Creek Coal Co.                                               |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |    | (d) Assignment, dated December 18, 1990, assigning to Laurel Run Mining Co.                                                                               |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |         | (e) Amendment and Supplement, dated and effective March 10, 1995                                                                                               |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |         | (f) Assignment, dated October 9, 1995, assigning to Black Eagle Holdings, Inc.                                                                                 |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |         | (g) Assignment, dated October 19, 1995, assigning to Gauley Eagle Holdings, Inc.                                                                               |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |    | (h) Consent Letter, dated as of October 25, 1995                                                                                                          |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |    | (i) Partial Assignment, dated October 30, 1995, assigning to East Kentucky Energy Corp.                                                                   |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |    | (j) Assignment, dated October 30, 1995, assigning to East Kentucky Energy Corp.                                                                           |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |    | (k) Assignment of Real Property Agreements, dated September 30, 2004, assigning to ICG Eastern, LLC                                             |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |
|             |         | (l) Amendment, dated and effective July 31, 2009                                                                                                               |         |   |   |
|             |         |                                                                                                                                                           |         |   |   |

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Table of Contents

| Exhibit No. |    | Description                                                                                                                                                                                   |    | Note   |   |
|------------------|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------|--------|
| 10.13            |    | Coal Lease between NGHD Lands, et. al., lessor, and ICG Eastern, LLC (assigned from Coastal Coal-West Virginia, LLC), lessee, of Birch River Mine, amended by:                           |    | (M)    |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (a) Lease and Sublease Agreement, dated March 14, 2001                                                                                                                                   |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (b) Memorandum of Lease and Sublease Agreement, dated June 1, 2001                                                                                                                       |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (c) Assignment of Real Property Agreements, dated September 30, 2004, assigning to ICG Eastern, LLC                                                                            |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
| 10.14            |    | Fee Lease between M-B, LLC, lessor, and ICG Eastern, LLC (assigned from ANR Coal Development Company), lessee, of Birch River Mine, amended by:                                               |    | (M)    |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (a) Lease and Sublease Agreement, dated March 14, 2001                                                                                                                                   |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (b) Memorandum of Lease and Sublease Agreement, dated June 1, 2001                                                                                                                       |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (c) Assignment of Real Property Agreements, dated September 30, 2004, assigning to ICG Eastern, LLC                                                                            |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
| 10.15            |    | Fee Lease between ACIN (successor-in-interest to CSTL, LLC), lessor, and ICG Hazard, LLC (assigned from Leslie Resources, Inc.), lessee, of County Line and Rowdy Gap Mines, amended by: |    | (M)    |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (a) Amendment, dated and effective December 4, 1998                                                                                                                                           |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (b) Amendment, dated and effective March 17, 1999                                                                                                                                             |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (c) Amendment, dated and effective August 17, 1999                                                                                                                                            |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (d) Amendment, dated October 7, 1999 and effective October 24, 1999                                                                                                                           |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (e) Amendment, dated April 20, 2000 and effective April 24, 2000                                                                                                                              |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (f) Partial Surrender Agreement, dated and effective March 19, 2001                                                                                                                           |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (g) Assignment of Real Property Agreements, dated September 30, 2004, assigning to ICG Hazard, LLC                                                                             |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (h) Partial Surrender Agreement, dated and effective December 1, 2005                                                                                                                         |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
|             |         | (i) Amendment, dated and effective November 13, 2006                                                                                                                                          |         |   |   |
|             |         |                                                                                                                                                                                          |         |   |   |
| 10.16            |    | Fee Lease between Kentucky River Properties, LLC, lessor, and ICG Hazard, LLC (assigned from Shamrock Coal Company), lessee, of Rowdy Gap and Thunder Ridge Mines, amended by:                |    | (M)    |   |
|             |         |                                                                                                                                                                                          |
|             |    | (a) Agreement of Assignment, dated July 8, 1992, assigning to Ray Coal Company, Inc.                                                                                                     |    |   |   |
|             |         |                                                                                                                                                                                          |
|             |    | (b) Assignment and Assumption Agreement, dated June 30, 1994, assigning to Ikerd-Bandy, Co.                                                                                              |    |   |   |
|             |         |                                                                                                                                                                                          |
|             |    | (c) Assignment of Real Property Agreements, dated September 30, 2004, assigning to ICG Hazard, LLC                                                                             |    |   |   |
|             |         |                                                                                                                                                                                          |

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Table of Contents

| Exhibit No. |    | Description                                                                                                                                                                                                                                     |    | Note   |   |
|------------------|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------|--------|
| 10.17            |    | Lease between Allegany Coal and Land Company, lessor, and Patriot Mining Company, Inc., lessee, of Allegany County, Maryland Mine, including:                                                                                                   |    | (M)    |   |
|             |         |                                                                                                                                                                                                                                            |
|             |    | (a) Amendment 1, dated and effective June 7, 1999                                                                                                                                                                                          |    |   |   |
|             |         |                                                                                                                                                                                                                                            |
|             |    | (b) Amendment 2, dated and effective August 31, 1999                                                                                                                                                                                       |    |   |   |
|             |         |                                                                                                                                                                                                                                            |
|             |    | (c) Amendment 3, dated and effective June 1, 2000                                                                                                                                                                                          |    |   |   |
|             |         |                                                                                                                                                                                                                                            |
|             |    | (d) Amendment 4, dated and effective June 1, 2001                                                                                                                                                                                          |    |   |   |
|             |         |                                                                                                                                                                                                                                            |
|             |    | (e) Default Letter, dated and effective May 6, 2002                                                                                                                                                                                        |    |   |   |
|             |         |                                                                                                                                                                                                                                            |
|             |    | (f) Letter Agreement, dated and effective May 8, 2002                                                                                                                                                                                      |    |   |   |
|             |         |                                                                                                                                                                                                                                            |         |   |   |
|             |         | (g) Amendment 5, dated and effective May 19, 2005                                                                                                                                                                                               |         |   |   |
|             |         |                                                                                                                                                                                                                                            |
| 10.18            |    | Lease between The Crab Orchard Coal and Land Company, lessor, and Wolf Run Mining Company (f/k/a Anker West Virginia Mining Company), ICG Beckley, LLC (successor-in-interest to Winding Gulf Coals, Inc.), lessee, of Beckley Mine, including: |    | (M)    |   |
|             |         |                                                                                                                                                                                                                                            |
|             |    | (a) Modification and Amendment, dated and effective December 28, 1970                                                                                                                                                                      |    |   |   |
|             |         |                                                                                                                                                                                                                                            |
|             |    | (b) Second Modification and Amendment, dated and effective August 22, 1974                                                                                                                                                                 |    |   |   |
|             |         |                                                                                                                                                                                                                                            |
|             |    | (c) Agreement and Partial Surrender and Release, dated and effective October 13, 1980                                                                                                                                                      |    |   |   |
|             |         |                                                                                                                                                                                                                                            |         |   |   |
|             |         | (d) Amendment, dated and effective January 1, 1983                                                                                                                                                                                         |         |   |   |
|             |         |                                                                                                                                                                                                                                            |         |   |   |
|             |         | (e) Amendment, dated and effective January 1, 1986                                                                                                                                                                                         |         |   |   |
|             |         |                                                                                                                                                                                                                                            |         |   |   |
|             |         | (f) Amendment, dated and effective January 1, 1991                                                                                                                                                                                         |         |   |   |
|             |         |                                                                                                                                                                                                                                            |         |   |   |
|             |         | (g) Agreement of Consent, dated and effective October 27, 1994                                                                                                                                                                             |         |   |   |
|             |         |                                                                                                                                                                                                                                            |         |   |   |
|             |         | (h) Acceptance by Pine Valley Coal Company, Inc., dated and effective October 31, 1994                                                                                                                                                     |         |   |   |
|             |         |                                                                                                                                                                                                                                            |         |   |   |
|             |         | (i) Instrument of Assignment, dated October 28, 1994, effective October 31, 1994                                                                                                                                                           |         |   |   |
|             |         |                                                                                                                                                                                                                                            |         |   |   |
|             |         | (j) Amendment, dated and effective October 31, 1994                                                                                                                                                                                        |         |   |   |
|             |         |                                                                                                                                                                                                                                            |

----

Table of Contents

| Exhibit No. |    | Description                                                                                                                                                                                                               |    | Note   |   |
|------------------|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------|--------|
| 10.19            |    | Lease between Beaver Coal Corporation, lessor, and Wolf Run Mining Company (f/k/a Anker West Virginia Mining Company), ICG Beckley, LLC (successor-in-interest to New River Company), lessee, of Beckley Mine, including: |    | (M)    |   |
|             |         |                                                                                                                                                                                                                      |
|             |    | (a) Amendment, dated and effective August 1, 1975                                                                                                                                                                    |    |   |   |
|             |         |                                                                                                                                                                                                                      |
|             |    | (b) Amendment, dated and effective August 1, 1986                                                                                                                                                                    |    |   |   |
|             |         |                                                                                                                                                                                                                      |
|             |    | (c) Amendment, dated and effective August 1, 1991                                                                                                                                                               |    |   |   |
|             |         |                                                                                                                                                                                                                      |
|             |    | (d) Acceptance by Pine Valley Coal Company, Inc., dated and effective October 31, 1994                                                                                                                               |    |   |   |
|             |         |                                                                                                                                                                                                                      |
|             |    | (e) Agreement of Consent, dated and effective October 28, 1994                                                                                                                                                       |    |   |   |
|             |         |                                                                                                                                                                                                                      |
|             |    | (f) Instrument of Assignment, dated October 28, 1994 and effective October 31, 1994                                                                                                                                  |    |   |   |
|             |         |                                                                                                                                                                                                                      |
|             |    | (g) Option to Lease, dated April 1, 1995                                                                                                                                                                             |    |   |   |
|             |         |                                                                                                                                                                                                                      |
| 10.20            |    | Lease between Douglas Coal Company, lessor, and Vindex Energy Corp. (assigned from Patriot Mining Company, Inc.), lessee, of Island and Douglas Mine, including:                                                          |    | (M)    |   |
|             |         |                                                                                                                                                                                                                      |
|             |    | (a) Option to Lease, dated May 27, 1994                                                                                                                                                                              |    |   |   |
|             |         |                                                                                                                                                                                                                      |
|             |    | (b) Guarantee, dated and effective May 1994                                                                                                                                                                          |    |   |   |
|             |         |                                                                                                                                                                                                                      |
|             |    | (c) Memorandum of Lease, dated and effective September 21, 1995                                                                                                                                                      |    |   |   |
|             |         |                                                                                                                                                                                                                      |
|             |    | (d) Assignment, dated June 17, 2005, assigning to Vindex Energy Corp.                                                                                                                                                |    | (G)    |   |
|             |         |                                                                                                                                                                                                                      |         |   |   |
|             |         | (e) Notification of Extension, dated June 8, 2010                                                                                                                                                                         |         |   |   |
|             |         |                                                                                                                                                                                                                      |         |   |   |
| 10.21            |    | Contract for Sale and Purchase of Coal dated July 1, 1980, between City of Springfield, Illinois and ICG Illinois, LLC (assigned from Turis Coal Company), amended by:                                                    |    | (D)    |   |
|             |         |                                                                                                                                                                                                                      |         |
|             |    | (a) Amendment dated March 4, 1986, effective January 1, 1986                                                                                                                                                         |    |   |   |
|             |         |                                                                                                                                                                                                                      |         |
|             |    | (b) Second Amendment dated April 22, 1986, effective January 1, 1986                                                                                                                                                 |         |   |   |
|             |         |                                                                                                                                                                                                                      |         |   |   |
|             |    | (c) Modification dated and effective June 8, 1987                                                                                                                                                                    |         |   |   |
|             |         |                                                                                                                                                                                                                      |         |   |   |
|             |    | (d) Modification dated and effective November 4, 1988                                                                                                                                                                |         |   |   |
|             |         |                                                                                                                                                                                                                      |         |   |   |
|             |    | (e) Amendment dated and effective January 1, 1989                                                                                                                                                                    |         |   |   |
|             |         |                                                                                                                                                                                                                      |         |   |   |
|             |    | (f) Amendment dated March 20, 1992, effective January 1, 1992                                                                                                                                                        |         |   |   |
|             |         |                                                                                                                                                                                                                      |         |   |   |
|             |    | (g) Amendment dated March 21, 1995, effective January 1, 1995                                                                                                                                                   |    |   |   |
|             |         |                                                                                                                                                                                                                      |         |
|             |    | (h) Amendment dated May 10, 1996, effective May 1, 1996                                                                                                                                                              |    |   |   |
|             |         |                                                                                                                                                                                                                      |         |
|             |    | (i) Amendment dated August 20, 1998, effective January 1, 1998                                                                                                                                                       |    |   |   |
|             |         |                                                                                                                                                                                                                      |         |
|             |    | (j) Amendment dated May 30, 2001, effective January 1, 2001                                                                                                                                                          |    |   |   |
|             |         |                                                                                                                                                                                                                      |         |
|             |    | (k) Letter dated October 8, 2004 assigning to ICG Illinois, LLC                                                                                                                                                      |    |   |   |
|             |         |                                                                                                                                                                                                                      |         |

----

Table of Contents

| Exhibit No.             |    | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |    | Note   |   |
|------------------------------|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------|--------|
| 10.22‡                 |         | Coal Lease Agreement Between Tygart Resources, Inc. and Pittsburgh Ligionier, Inc., Lessors and Rocking Chair Energy Company, LLC, Lessees, including (a) Assignment and Consent Agreement dated March 28, 2007 by and between Tygart Resources, Inc. and Pittsburgh Ligionier, Inc., Rocking Chair Energy Company, LLC, and Wolf Run Mining Company (b) Amendment No. 1 to Lease Agreement made effective as of April 1, 2007 by and between Tygart Resources, Inc. and Pittsburgh Ligionier, Inc., Lessors and Rocking Chair Energy Company, LLC and Wolf Run Mining Company (c) Corporate Guaranty of International Coal Group, Inc. dated as of April 1, 2007 |         | (O)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.23‡                 |         | Lease and Sublease Agreement between Penn Virginia Operating Co., LLC, lessor, and ICG Knott County, LLC (assigned from Greymont Mining Corp.), lessee, as amended by First Amendment to Lease and Sublease Agreement, dated November 11, 2005 and letter agreement dated February 12, 2007                                                                                                                                                                                                                                                                                                                                                                                      |         | (P)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.24‡                 |    | Coal Facility Lease and Operating Agreement, dated July 7, 2005, between Loadout LLC, lessor, and ICG Knott County, LLC (assigned from Elk Ridge, Inc.), lessee, as amended by First Amendment to Coal Facility Lease and Operating Agreement, dated November 11, 2005                                                                                                                                                                                                                                                                                                                                                                                                           |    | (P)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.25‡                 |         | Amended and Restated Coal Lease dated as of May 27, 2008 by and between Dulcet Acquisition LLC, as lessor, and Powdul Acquisition LLC, as lessee, amended by:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |         | (Q)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
|                         |         | (a) Amendment 1, dated and effective April 29, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |         |   |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
|                         |         | (b) Amendment 2, dated and effective November 6, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |         |   |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
| 10.26                        |    | Third Amended and Restated Credit Agreement, dated as of February 22, 2010, by and among ICG, LLC, as borrower, International Coal Group, Inc. and certain of its subsidiaries, as guarantors, General Electric Capital Corporation, as administrative agent and as a collateral agent, UBS AG, Stamford Branch, as a collateral agent, and certain other revolving lenders.                                                                                                                                                                                                                                                                                                     |    | (R)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
| 10.27                        |    | Amendment No. 1 to the Third Amended and Restated Credit Agreement, dated as of May 6, 2010, among ICG, LLC, as borrower, International Coal Group, Inc. and certain of its subsidiaries, as guarantors, General Electric Capital Corporation, administrative and as a collateral agent, UBS AG, Stamford Branch, as a collateral agent, and certain other revolving lenders.                                                                                                                                                                                                                                                                                                    |    | (L)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
| 10.28                        |    | Amended and Restated Security Agreement, dated as of February 22, 2010, among ICG, LLC, the guarantors party thereto, General Electric Capital Corporation, collateral agent and UBS AG, Stamford Branch, as collateral agent.                                                                                                                                                                                                                                                                                                                                                                                                                                                   |    | (R)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
| 11.1     |    | Statement regarding Computation of Earnings Per Share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |    | (T)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
| 12.1     |    | Statement regarding Computation of Ratio of Earnings to Fixed Charges                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |    | (T)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
| 21.1     |    | List of Subsidiaries                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |    | (T)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
| 23.1     |    | Consent of Deloitte & Touche, LLP                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |    | (T)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
| 24.1     |    | Power of attorney, dated February 10, 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |    | (T)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
| 31.1     |    | Certification of the Chief Executive Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |    | (T)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
| 31.2     |    | Certification of the Principal Financial Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |    | (T)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |         |   |   |
| 32.1     |    | Certification Pursuant to § 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |    | (T)    |   |
|                         |         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

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Table of Contents

| (A)     | Previously filed as an exhibit to Amendment No. 4 to International Coal Group, Inc.’s Registration Statement on Form S-1 (Reg. No. 333-124393), filed on October 24, 2005 and incorporated herein by reference.  |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                                                                  |
| (B)     | Previously filed as an exhibit to International Coal Group, Inc.’s Current Report on Form 8-K, filed on November 19, 2010, and incorporated herein by reference.                                                           |
|    |                                                                                                                                                                                                                                  |
| (C)     | Previously filed as an exhibit to Amendment No. 3 to International Coal Group, Inc.’s Registration Statement on Form S-1 (Reg. No. 333-124393), filed on September 28, 2005 and incorporated herein by reference.     |
|    |                                                                                                                                                                                                                                  |
| (D)     | Previously filed as an exhibit to Amendment No. 1 to International Coal Group, Inc.’s Registration Statement on Form S-1 (Reg. No. 333-124393), filed on June 15, 2005, and incorporated herein by reference.    |
|    |                                                                                                                                                                                                                                  |
| (E)     | Previously filed as Exhibit 1.2 to Amendment No. 1 to Schedule 13D of Fairfax Financial Holdings Limited, filed on May 29, 2008, and incorporated herein by reference.                                                                |
|    |                                                                                                                                                                                                                                  |
| (F)     | Previously filed as an exhibit to International Coal Group, Inc.’s Current Report on Form 8-K, filed on July 31, 2007, and incorporated herein by reference.                                                               |
|    |                                                                                                                                                                                                                                  |
| (G)     | Previously filed as an exhibit to International Coal Group, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2009, filed on January 29, 2010, and incorporated herein by reference.                       |
|    |                                                                                                                                                                                                                                  |
| (H)     | Previously filed as an exhibit to International Coal Group, Inc.’s Current Report on Form 8-K, filed on March 16, 2010, and incorporated herein by reference.                                                                   |
|    |                                                                                                                                                                                                                                  |
| (I)     | Previously filed as an exhibit to International Coal Group, Inc.’s Current Report on Form 8-K, filed on March 23, 2010, and incorporated herein by reference.                                                                   |
|    |                                                                                                                                                                                                                                  |
| (J)     | Previously filed as an exhibit to International Coal Group, Inc.’s Registration Statement on Form S-1 (Reg. No. 333-124393), filed on April 28, 2005, and incorporated herein by reference.                           |
|    |                                                                                                                                                                                                                                  |
| (K)     | Previously filed as Annex A to International Coal Group Inc.’s Definitive Proxy Statement on Schedule 14A (File No. 001-32679), filed on April 15, 2009, and incorporated herein by reference.                                  |
|    |                                                                                                                                                                                                                                  |
| (L)     | Previously filed as an exhibit to International Coal Group Inc.’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010, filed on May 6, 2010, and incorporated herein by reference.                               |
|    |                                                                                                                                                                                                                                  |
| (M)     | Previously filed as an exhibit to Amendment No. 2 to International Coal Group, Inc.’s Registration Statement on Form S-1 (Reg. No. 333-124393), filed on June 30, 2005, and incorporated herein by reference.    |
|    |                                                                                                                                                                                                                                  |
| (N)     | Previously filed as an exhibit to Amendment No. 6 to International Coal Group, Inc.’s Registration Statement on Form S-1 (Reg. No. 333-124393), filed on November 14, 2005 and incorporated herein by reference. |
|    |                                                                                                                                                                                                                                  |
| (O)     | Previously filed as an exhibit to International Coal Group, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2006, filed on March 1, 2007, and incorporated herein by reference.                     |
|    |                                                                                                                                                                                                                                  |
| (P)     | Previously filed as an exhibit to International Coal Group, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2007, filed on February 29, 2008, and incorporated herein by reference.                           |
|    |                                                                                                                                                                                                                                  |
| (Q)     | Previously filed as an exhibit to International Coal Group Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2008, filed on August 8, 2008, and incorporated herein by reference.                             |
|    |                                                                                                                                                                                                                                  |
| (R)     | Previously filed as an exhibit to International Coal Group Inc.’s Current Report on Form 8-K/A, filed on March 8, 2010, and incorporated herein by reference.                                                                   |
|    |                                                                                                                                                                                                                                  |
| (S)     | Previously filed as an exhibit to International Coal Group Inc.’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2007, filed on May 8, 2007, and incorporated herein by reference.                               |
|    |                                                                                                                                                                                                                                  |
| (T)     | Filed herewith.                                                                                                                                                                                                                       |
|    |                                                                                                                                                                                                                                  |
| ‡ | Confidential treatment requested as to certain portions that have been omitted and filed separately with the Securities and Exchange Commission.                                                                                      |