The agreement provides for America West Resources 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, CEO of America West Resources, said: “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.”
Headquartered in Salt Lake City, Utah, America West Resources is a domestic coal producer focused on the mining of compliant (low-sulfur) coal and its sale primarily to US utility companies for use in generating electricity.
