Evan Energy Investments
5002 Monument Avenue, Richmond, Virginia, United States

Evan Energy Investments, located in Richmond, Virginia, invests in high-quality, energy-related projects throughout the world. Evan Energy pursues projects that have superior resources, proven management teams, and the potential for innovative practices, technology, safety and training. We employ our experience and knowledge of the industry, to make long-term investments with the potential for superior returns.Evan Energy Investments was formally organized in 2004 and is the successor to the private, energy-related investments of Evan Morgan Massey. Morgan Massey began his career in the coal industry in 1949, when he joined A.T. Massey Coal Company, which had been founded by his grandfather in 1916. Mr. Massey ultimately became President of A.T. Massey in 1972, and grew the company into the 4th largest coal company in the United States.After his retirement in 1992, Mr. Massey was free to pursue his long-time personal interest in international coal projects. This interest initially led him to South America and then to China, and gave rise to the organization of Evan Energy Investments. Today, we continue to build on this long history in the energy industry through investments in new projects. In a world with an ever-increasing demand for energy resources, our vision is to ensure that the fundamental business philosophies of the previous generations will endure to help meet the energy needs of future generations.

Evan Energy Investments was the founding shareholder of Asian American Coal in 1997. Asian American helped revolutionize the underground Chinese coal mining industry with the introduction of a modern single-pass longwall with multiple-entry development, which is safer and more productive than traditional mining methods used in China at the time. The company also successfully introduced a comprehensive safety program. At the time, Asian American Coal was the only Sino-foreign company to be the majority owner of a coal mine in China.Asian American had two joint venture projects, the Shanxi Asian American Daning-Energy Company (56% ownership) and Shanxi Gaohe Energy Company (45%). Its first operation, Daning, has an operational capacity of over 4 million metric tons per year of high quality anthracite, using a single-pass 4.5 meter longwall. The Gaohe mine also uses underground long-wall mining technology and is expected to produce coal at its designed capacity of 6 million metric tons per annum in 2013.Evan Energy Investments ultimately negotiated a successful sale of Asian American Coal to a subsidiary of Banpu Public Company Limited in 2008.