John Siegel on March 28 announced his resignation from his post as nonexecutive chairman of Bowie Resource Partners LLC in order to pursue other opportunities.
Siegel founded Bowie Resource Partners in 2013 in order to combine the Canyon Fuel assets in Utah he had acquired from Arch Coal Inc. and Siegel's Bowie #2 mine in Colorado. Galena Private Equity Resources Fund, an affiliate of Trafigura Pte. Ltd., served as Siegel's co-founder. He stepped down from his executive duties in April 2017.
"It is a very bittersweet moment for me because I truly love the Bowie team I assembled and all who know me understand that I remain resolute in my commitment to see a complete consolidation of the Western bituminous region," Siegel said in a release. "I remain absolutely convinced that the proper alignment of all coal assets in Utah can result in significant success and growth, both domestically as well as in the seaborne market."
Siegel said he will be pursuing his vision for coal and coal-related technologies in the Western bituminous region from a different platform.
The partnership, together with its holding company Bowie Holdings LLC and their collective subsidiaries, will continue to be controlled by Galena US Holdings Inc.