AECo is in the process of being acquired by Americas Energy Company (AENY). The mine is located in Bell County, Kentucky, on AECo’s 1,732+ acre lease. AECo plans to produce 15,000 short tons of high-grade specialty coal per month from the Upland Church property.
Chris Headrick, president and Co-CEO of Americas Energy Company – Tennessee, said: “The sale of this production from our first mine property to Alden Resources, in Corbin, Kentucky moves us to a new level as a company. We are moving on the acquisition of additional major coal reserves in southeastern Kentucky.
“Based on the marketing success of the coal from our first mine, we have established an aggressive acquisition plan to insure AECo’s production capabilities for the foreseeable future.”
Americas Energy Company currently operates projects in both Kentucky and Tennessee. AECo invests in energy projects throughout the Americas. The company is evaluating several additional coal projects, as well as an oil and gas rework project in Southeastern Kentucky.
