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America West Lands Another Coal Supply Contract |
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Tuesday, 20 July 2010 15:31 |
America West Resources recently signed a new coal supply agreement, valued at more than $75 million, with a major coal-fired power agency responsible for generating electricity sold to utility companies serving multiple municipalities throughout the Western United States. “We’re proud of the progress we continue to make toward establishing America West as a preferred source for high quality thermal coal,” said Dan Baker, CEO, America West Resources.
The supply agreement provides for compliant thermal coal mined from America West’s Horizon mine in Carbon County, Utah, to commence shipping immediately, with follow-on coal trains running through the end of December 2014. In addition, the customer has the right to purchase additional coal production over and above the contracted base quantities. Based on pre-determined pricing per ton, the additional tonnage could yield up to another $46 million in revenue for America West Resources over the contracted supply period.
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