Company looks to buy coal mines to meet international demand

Universal Bioenergy Inc. is looking to potentially buy coal mines throughout the U.S. to help meet the growing demands of its customers. Universal Bioenergy started the international coal division in February 2012 to meet the demand for coal globally, which is predicts will be 200,000 to 300,000 tons of coal each month to export.

The company says its executives have visited or toured several coal mines to secure reserves and supplies, including high walled surface mines and underground mines. The company intends to export the coal to customers in Asia, including China, Japan, South Korea and Vietnam, as well as Germany, England, Ireland and Poland.

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