Topic:
Cement & Coal
Date:
25 June 2010
Editor:
Marcel Dröttboom
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Salt Lake City, USA
– America West Resources announced that it has won a USD 75 Million coal supply contract with coal-fired power plant serving Western U.S. States. The coal shipments are to commence immediately and Continue through end of 2014.
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| America West Resources has won a coal supply contract with coal-fired power plant serving Western U.S. States. |
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America West Resources, a domestic compliant coal producer with mining operations in Central Utah has signed the new agreement, valued over USD 75 million, with a major coal-fired power agency responsible for generating electricity sold to utility companies serving multiple municipalities throughout the Western U.S. 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 USD 46 million in revenue to the Company over the contracted supply period.

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