Wayne M. Boich
Chairman and Chief Executive Officer
Wayne Michael Boich is Chairman and Chief Executive Officer of the Boich Group of Companies, a privately held coal marketing and mining company with offices in Ohio, West Virginia, and Florida. As CEO, Mr. Boich develops and drives the company’s vision and long-term strategic planning. Under his leadership, Boich Companies has enjoyed a remarkable period of growth and diversification, tripling its business in the last eight years.
Boich Companies was founded in 1963 in the heart of Ohio coal country. For the next three decades, the company maintained mining operations in southeast Ohio. In the mid 1990s, Boich Companies sold these operations and moved to its present headquarters in Columbus, OH to focus on the coal marketing business.
Mr. Boich joined the company in 1999 after graduating cum laude with a Bachelor of Business Administration from the University of Miami. He gained experience in all company functions over the next six years. During this time, he helped manage the acquisition of mining operations in West Virginia and Kentucky. Mr. Boich grew these operations to a run rate of more than 3 million tons a year from 2000 to 2005, at which time they were sold to a private equity group. Mr. Boich was named Chairman and CEO in 2005.
Today, Boich Companies maintains a robust coal marketing operation, moving 20 million tons of coal each year from coal producers to investor-owned utilities. In 2008, an entity owned by Mr. Boich acquired an interest in the Signal Peak Mine in Montana. Global Coal Sales, an affiliate of Signal Peak Energy, acquires Signal Peak coal from FirstEnergy Generation, and has established a significant presence in the international coal market at Mr. Boich’s direction.
With an eye to the future, Mr. Boich has also significantly diversified the company. He and Boich Companies are private investors in many different projects throughout the United States and abroad, including interests or ownerships in more than fifteen real estate, telecom, retail and financial service businesses.
Mr. Boich and his wife Cynthia live in Miami, FL and are active in social and philanthropic organizations in the area.read more
Boich Companies is a privately held coal marketing and mining company headquartered in Columbus, OH with offices in West Virginia and Florida.
Boich Companies was founded in 1963 in the heart of Ohio coal country. For the next three decades, the company maintained mining operations in southeast Ohio. In the mid 1990s, Boich Companies sold these operations and moved to its present headquarters in Columbus to focus on the coal marketing business.
In the early 2000s, the company acquired mining operations in West Virginia and Kentucky. The company grew these operations to a run rate of more than 3 million tons a year from 2000 to 2005, at which time they were sold to a private equity group.read more
Signal Peak Energy
Signal Peak Energy is a partnership between an entity owned by Wayne M. Boich, Ohio-based utility company FirstEnergy Ventures, and Pinesdale, LLC, a wholly-owned affiliate of Gunvor Group Ltd., one of the world’s leading commodity traders.
In 2008, Mr. Boich’s entity and FirstEnergy Ventures purchased Signal Peak Coal Mine (formerly Bull Mountain mine), a high-Btu thermal coal mine just south of Roundup, MT. Gunvor Group, through Pinesdale, purchased a share of the mine in 2011. Each investor now owns a one-third share of the mine.
Signal Peak is Montana’s only underground coal mine, with 431 million tons of raw recoverable reserves. In 2012, Signal Peak Energy mined nearly six million clean tons of coal and anticipates growing that to between eight and nine million tons in 2013.
In addition to the underground mine, Signal Peak also has 109 million tons of raw recoverable surface reserves. Signal Peak is in the process of permitting the surface operations with the hope of have this operational by 2015. The plan will be to mine two to five million tons a year.
The mine recovers coal using an underground continuous miner and longwall mining equipment. . Since acquiring the mine, the investors built a completely new infrastructure and transformed the formerly humble site from several older buildings and little external infrastructure to a large industrial complex. The site now consists of a new office, warehouse, and shop, as well as a new wash plant capable of cleaning 2,000 tons of coal an hour, two storage silos, and an extensive conveyor system.
The preparation plant processes run-of-mine coal into clean (shippable) coal. A 35 mile rail line runs from the mine to the BNSF main rail line in Broadview, MT. At maximum capacity, the Signal Peak mine facility can load seven trains per day of 120 to 150 cars.
Signal Peak Mine plays an important role in the local economy. It currently employs 330 people with an annual payroll of $37.6 million dollars.
The owners of the mine are committed to continue to make Signal Peak the most successful and safe underground mine of its kind in the country.read more