<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2004-12-08</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001301063</issuerCik>
        <issuerName>Foundation Coal Holdings, Inc.</issuerName>
        <issuerTradingSymbol>FCL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001276331</rptOwnerCik>
            <rptOwnerName>MELWANI PRAKASH</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O THE BLACKSTONE GROUP</rptOwnerStreet1>
            <rptOwnerStreet2>345 PARK AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10154</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6880052</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes 1, 2 and 3</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>362108</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes 1, 2 and 3</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <remarks>(1) Blackstone FCH Capital Partners IV L.P. owns 6,880,052 shares of Foundation Coal Holdings, Inc.'s common stock (the
&quot;Common Stock&quot;) reported as beneficially owned in the above table. Blackstone Family Investment Partnership IV-A L.P.
(together with Blackstone FCH Capital Partners IV L.P., the &quot;Blackstone Funds&quot;) owns 362,108 shares of Common Stock
reported as beneficially owned in the above table. Blackstone Management Associates IV L.L.C. is the sole general partner of
each of the Blackstone Funds and has investment and voting control over the shares of Common Stock held by each of the
Blackstone Funds. Mr. Melwani is a member of Blackstone Management Associates IV L.L.C. (&quot;BMA&quot;) and may be deemed to
share beneficial ownership of the Common Stock controlled by BMA.
(2) Pursuant to Rule 16a-1(a)(4) of the Securities Exchange Act of 1934, as amended, Mr. Melwani herein states that this
filing shall not be deemed an admission that he is the beneficial owner of any of the shares of Common Stock covered by this
Statement, except to the extent of his pecuniary interest in such shares of Common Stock.
(3) Information with respect to the Blackstone Funds and BMA may be found in a corresponding Form 3 filed on the date
hereof.</remarks>

    <ownerSignature>
        <signatureName>/s/ Prakash Melwani</signatureName>
        <signatureDate>2004-12-07</signatureDate>
    </ownerSignature>
</ownershipDocument>

