International Coal Group, Inc. (ICG), is a company headquartered in Teays Valley, West Virginia that was incorporated in May 2004 by WL Ross & Co for the sole purpose of acquiring certain assets of Horizon.
On August 9, 2004, U.S. Bankruptcy Judge William Howard ruled that Ross, would "not have to honor union contracts that guaranteed benefits for 1,000 active miners and some 2,300 retirees."
[5] When the International Coal Group, Inc. acquired the assets of Horizon Natural Resources it changed its name to ICG, Inc. in September 2004.
According to an article in the Wall Street Journal ICG gave an initial donation of $2 million to support the families of the victims.
[8] According to a January 4, 2006 article in the New York Times, federal records showed that their inspectors had fined the Sago mine "more than $24,000 for roughly 202 violations in 2005".
Mohinta said that the "human risks of investing in businesses like coal mines have an "act of God" component and it is risky for new companies in the sector to know where and when to spend money for maintenance and prevention.
[1] In 2010 Appalachian Voices and the Waterkeeper Alliance alleged they found false pollution reports by ICG and Frasure Creek disguising thousands of CWA violations.
They alleged the companies deliberately cut and pasted data from one report to subsequent reports.In 2012 four groups including the Waterkeeper Alliance and Kentuckians for the Commonwealth, Appalachian Voices, Kentucky Riverkeeper and three private citizens won an historic settlement in the Franklin Circuit Court with the Energy and Environment Cabinet and ICG that "addresses water pollution and false reporting by the International Coal Group".
"[11] ICG will pay $335,000 to Kentucky PRIDE to use toward eliminating residential "straight pipes" dumping sewage into streams.
[13] In May 2016 59-year-old Bennett K. Hatfield was shot and killed by twenty-year-old Anthony R. Arriaga of Gibsanburg, Ohio in what appeared to be a bungled robbery attempt.