Coal agreement signed by America West Resources

April 20, 2010

Source: America West Resources, Inc.

America West Resources, Inc. (AWSR) , a domestic compliant coal producer with mining operations in Central Utah, announced that it has entered into a Master Coal Purchase and Sale Agreement with a European electricity trader. The Agreement, valued at approximately $9.4 million, provides for America West to supply the new customer with compliant coal mined from its Horizon operations and delivered pursuant to a predetermined monthly shipping schedule set to begin this month and continuing until December 2013.

Dan Baker, Chief Executive Officer of America West, stated, "This new agreement helps to further expand and diversify America West's customer base while strengthening and enhancing our standing as an emerging supplier of low sulphur bituminous coal to the global energy markets - a key corporate objective for our Company in 2010 and beyond. Currently, we are seeing an increasing demand for our coal and strengthening prices compared to historical averages."

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs