-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TTpH3hq8DzrejIiCF5/DtMKmrxsC567uwlToliDdubIVezJfx7VsC3OrITKPEdaI Ngv+LA48iweJUGr6P9DlCA== 0000914121-04-002461.txt : 20041129 0000914121-04-002461.hdr.sgml : 20041129 20041129152720 ACCESSION NUMBER: 0000914121-04-002461 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041129 DATE AS OF CHANGE: 20041129 GROUP MEMBERS: GLENCORE HOLDING AG GROUP MEMBERS: GLENCORE INTERNATIONAL AG FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GLENCORE FINANCE AG CENTRAL INDEX KEY: 0001284714 IRS NUMBER: 00000000 STATE OF INCORPORATION: V8 FILING VALUES: FORM TYPE: SC 13D SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: James River Coal CO CENTRAL INDEX KEY: 0001297720 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE SURFACE MINING [1221] IRS NUMBER: 541602012 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-80169 FILM NUMBER: 041171354 BUSINESS ADDRESS: STREET 1: 901 E. BYRD STREET STREET 2: SUITE 1600 CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 804-780-3000 MAIL ADDRESS: STREET 1: 901 E. BYRD STREET STREET 2: SUITE 1600 CITY: RICHMOND STATE: VA ZIP: 23219 SC 13D 1 gl805833-13d.txt INITIAL STATEMENT OF BENEFICIAL OWNERSHIP UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. __) James River Coal Company ------------------------------------------------------------------------ (Name of Issuer) Common Stock - Par Value $.01 ------------------------------------------------------------------------ (Title of Class of Securities) 470355207 (CUSIP Number) Steven N. Isaacs Glencore Finance AG Baarermattstrasse 3 CH-6341 Baar Switzerland 011-41-41-709-2340 ------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 17, 2004 --------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box [_]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. SCHEDULE 13D - ---------------------------- ------------------------- CUSIP No. 470355207 Page 2 of 13 - ---------------------------- ------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Glencore Finance AG - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)[_] (b)[_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) (See Item #3) AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 2,198,948 EACH ------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 0 WITH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,198,948 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,198,948 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)[_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ------------------------- CUSIP No. 470355207 Page 3 of 13 - ---------------------------- ------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Glencore International AG - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)[_] (b)[_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) (See Item #3) WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 2,198,948 EACH ------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 0 WITH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,198,948 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,198,948 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)[_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ------------------------- CUSIP No. 470355207 Page 4 of 13 - ---------------------------- ------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Glencore Holding AG - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)[_] (b)[_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) (See Item #3) AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 2,198,948 EACH ------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 0 WITH ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,198,948 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,198,948 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)[_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ------------------------- CUSIP No. 470355207 Page 5 of 13 - ---------------------------- ------------------------- ITEM 1. SECURITY AND ISSUER This Schedule 13D filed by the Reporting Persons (as defined below) relates to the acquisition by Glencore Finance AG ("Glencore Finance") of shares of common stock, par value $.01 (the "Common Stock"), issued by James River Coal Company (the "Company"). The Company registered the Common Stock with the Securities and Exchange Commission pursuant to a Prospectus dated November 12, 2004. The principal executive office of the Company is located at 901 E. Byrd Street, Suite 1600, Richmond, Virginia 23219, United States of America. ITEM 2. IDENTITY AND BACKGROUND. (a) This Schedule 13D is filed on behalf of Glencore Finance, Glencore International AG ("Glencore International"), and Glencore Holding AG ("Glencore Holding", and, collectively with Glencore Finance and Glencore International, "Glencore"). Glencore is sometimes referred to herein as the "Reporting Persons". Each of Glencore Finance, Glencore International and Glencore Holding is a company organized under the laws of Switzerland. (b) Glencore Finance is engaged principally in making investments. Glencore International is the parent company of Glencore Finance. Glencore Holding is the parent company of Glencore International. Glencore International is a leading privately held, diversified natural resources group with world-wide activity in mining, smelting, refining, purchasing, selling and marketing of metals and minerals, energy products and agricultural products. The principal place of business of Glencore is located at Baarermattstrasse 3, CH-6341, Baar, Switzerland. (c) The name, business address and principal occupation or employment of each of the executive officers and directors of each of the Reporting Persons, as well as the names, business addresses and principal occupations of any other organizations in which such employment is conducted, are set forth in Annex 1 hereto and incorporated herein by reference. (d) During the last five years, none of the Reporting Persons nor, to the best of their knowledge, any of the persons listed in Annex 1 hereto has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, none of the Reporting Persons nor, to the best of their knowledge, any of the persons listed in Annex 1 hereto has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws. (f) The citizenship of each of the executive officers and directors of the Reporting Persons is set forth in Annex 1 hereto and incorporated herein by reference. SCHEDULE 13D - ---------------------------- ------------------------- CUSIP No. 470355207 Page 6 of 13 - ---------------------------- ------------------------- ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The net investment cost (including commissions, if any) of the shares of Common Stock owned by Glencore Finance is approximately $68,920,942. Glencore Finance obtained such funds from Glencore International. The funds provided by Glencore International to Glencore Finance consisted of working capital of Glencore International. ITEM 4. PURPOSE OF TRANSACTION. The purpose of the acquisition by Glencore Finance of the shares of Common Stock that are the subject of this Schedule 13D was and is for investment purposes. The Reporting Persons intend to continue to evaluate the Company's business, financial condition, results of operations, capital structure, management, stock market performance, competitive outlook and other relevant factors. As part of such evaluations, the Reporting Persons may seek the views of, hold discussions with and respond to inquiries from representatives of the Company and other persons regarding the Company's affairs. Depending on such evaluations, the Reporting Persons may purchase additional shares of Common Stock, or dispose of any and all shares of Common Stock held by them. Any acquisition or disposition of shares of Common Stock by the Reporting Persons may be effected through open market or privately negotiated transactions, or otherwise. In the interest of maximizing stockholder value, the Reporting Persons may, from time to time, develop plans respecting, or propose changes in the management, policies, operations, capital structure or business of the Company. Such plans or proposals may include or relate to one or more of the transactions specified in subparagraph (a) through (j) of Item 4 of Schedule 13D, including, without limitation, a merger, disposition, sale of the Company's assets or change in the Company's capitalization. Except to the extent set forth herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the actions required to be described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) The Company has 14,728,994 shares of Common Stock outstanding as of November 12, 2004, according to the Company's Prospectus dated November 12, 2004. The total number of shares of Common Stock that the Reporting Persons beneficially own is 2,198,948, which represents approximately 14.9% of the Company's total outstanding shares of Common Stock as of November 12, 2004. (b) Glencore Finance has shared power with Glencore International and Glencore Holding to vote, or to direct the voting of, all of the shares of the Common Stock reported as beneficially owned by Glencore. Glencore Finance has shared power with Glencore International and Glencore Holding to dispose of, or to direct the disposition of, all of the shares of Common Stock reported as beneficially owned by Glencore. SCHEDULE 13D - ---------------------------- ------------------------- CUSIP No. 470355207 Page 7 of 13 - ---------------------------- ------------------------- (c) The trading dates, number of shares of Common Stock purchased or sold, and the price per share for all transactions by Glencore Finance in the Common Stock within the last sixty days, which were all purchases of unregistered shares through over-the-counter brokerage transactions, are set forth in Schedule A hereto, and are incorporated by reference. Glencore International and Glencore Holding did not enter into any transactions in respect of the Common Stock of the Company within the last sixty days. (d) Not applicable. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Other than the Joint Filing Statement attached as Exhibit 1 hereto, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons and between such Reporting Persons and any other person with respect to any securities of the Company, including, without limitation, transfer or voting of any other securities, finder's fees, joint ventures, loan or option arrangements, put or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1: Joint Filing Statement SCHEDULE 13D - ---------------------------- ------------------------- CUSIP No. 470355207 Page 8 of 13 - ---------------------------- ------------------------- SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: November 29, 2004 GLENCORE FINANCE AG By: /s/ Barbara A. Wolfensberger ------------------------------------ Name: Barbara A. Wolfensberger Title: Director By: /s/ Steven N. Isaacs ------------------------------------ Name: Steven N. Isaacs Title: Director GLENCORE INTERNATIONAL AG By: /s/ Lotti Grenacher ------------------------------------ Name: Lotti Grenacher Title: Officer By: /s/ Zbynek E. Zak ------------------------------------ Name: Zbynek E. Zak Title: Director GLENCORE HOLDING AG By: /s/ Willy R. Strothotte ------------------------------------ Name: Willy R. Strothotte Title: Chairman By: /s/ Ivan Glasenberg ------------------------------------ Name: Ivan Glasenberg Title: Director SCHEDULE 13D - ---------------------------- ------------------------- CUSIP No. 470355207 Page 9 of 13 - ---------------------------- ------------------------- Annex 1 ------- Set forth below are the names, business addresses and present principal occupations of the executive officers and directors of Glencore Finance, Glencore International and Glencore Holding. The executive officers of Glencore Holding are the directors of Glencore Holding. The executive officers of Glencore International are the persons listed as directors whose principal occupation is with Glencore International. The executive officer of Glencore Finance is the person listed as director whose principal occupation is with Glencore Finance. Unless otherwise indicated, the present principal occupation of each person is with Glencore International. If no business address is given, the director's or executive officer's address is Baarermattstrasse 3, CH-6341, Baar, Switzerland. Unless otherwise indicated, all of the persons listed below are citizens of Switzerland. Directors of Glencore Finance Name Principal Occupation Business Address Citizenship - ----------------------- ---------------------- ----------------- ------------ Steven N. Isaacs Chairman and Managing South Africa Director of Glencore Finance AG Andreas P. Hubmann Officer of Glencore International AG -- Accounting Barbara A. Wolfensberger In-house Counsel of Glencore International AG Directors of Glencore International Name Principal Occupation Business Address Citizenship - ----------------------- ---------------------- ----------------- ------------ Willy R. Strothotte Chairman Germany Ivan Glasenberg Chief Executive Australia Officer Zbynek E. Zak Chief Financial Officer Peter A. Pestalozzi Attorney, Pestalozzi Loewenstrasse 1 Gmuer & Patry CH-8001 Zurich, Switzerland Craig A. Davis Chairman & Chief 2511 Garden Road, USA Executive Officer of Bldg. A, Suite 200, Century Aluminum Monterey, CA 93940 Company SCHEDULE 13D - ---------------------------- ------------------------- CUSIP No. 470355207 Page 10 of 13 - ---------------------------- ------------------------- Directors of Glencore Holding Name Principal Occupation Business Address Citizenship - ----------------------- ---------------------- ----------------- ------------ Willy R. Strothotte Chairman Germany Ivan Glasenberg Chief Executive Australia Officer Zbynek E. Zak Chief Financial Officer Peter A. Pestalozzi Attorney, Pestalozzi Loewenstrasse 1 Gmuer & Patry CH-8001 Zurich, Switzerland Craig A. Davis Chairman & Chief 2511 Garden Road, USA Executive Officer of Bldg. A, Suite 200, Century Aluminum Monterey, CA 93940 Company Eberhard Knoechel Director - Accounting Daniel Dreyfuss Managing Director - 50 Berkley Street, London Office London W1J 8HD, United Kingdom SCHEDULE 13D - ---------------------------- ------------------------- CUSIP No. 470355207 Page 11 of 13 - ---------------------------- ------------------------- Schedule A ---------- Glencore Finance -------------------------------------------------------------------- Number of Shares Date of Transaction Purchased/(Sold) Price Per Share -------------------------------------------------------------------- 11/03/2004 20,000 $35.75 -------------------------------------------------------------------- 11/12/2004 20,000 $35.75 -------------------------------------------------------------------- SCHEDULE 13D - ---------------------------- ------------------------- CUSIP No. 470355207 Page 12 of 13 - ---------------------------- ------------------------- Exhibit 1 --------- Joint Filing Agreement Pursuant to Rule 13d-1(k) The undersigned persons (the "Reporting Persons") hereby agree that a joint statement on this Schedule 13D, and any amendments thereto, is to be filed. Each of the Reporting Persons is responsible for the completeness and accuracy of the information concerning each of them contained therein, but none of the Reporting Persons is responsible for the completeness or accuracy of the information concerning any other Reporting Person. Date: November 29, 2004 GLENCORE FINANCE AG By: /s/ Barbara A. Wolfensberger ------------------------------------ Name: Barbara A. Wolfensberger Title: Director By: /s/ Steven N. Isaacs ------------------------------------ Name: Steven N. Isaacs Title: Director GLENCORE INTERNATIONAL AG By: /s/ Lotti Grenacher ------------------------------------ Name: Lotti Grenacher Title: Officer By: /s/ Zbynek E. Zak ------------------------------------ Name: Zbynek E. Zak Title: Director SCHEDULE 13D - ---------------------------- ------------------------- CUSIP No. 470355207 Page 13 of 13 - ---------------------------- ------------------------- GLENCORE HOLDING AG By: /s/ Willy R. Strothotte ------------------------------------ Name: Willy R. Strothotte Title: Chairman By: /s/ Ivan Glasenberg ------------------------------------ Name: Ivan Glasenberg Title: Director -----END PRIVACY-ENHANCED MESSAGE-----