America West Awarded $18 Million Coal Supply Contract

 

SALT LAKE CITY, UT - America West Resources, Inc. reported that the Company has received a five-year coal supply contract from a major U.S. commodity producer and refinery. The contract, valued at $18 million, provides for America West to supply the company with compliant coal mined from its Horizon Mine, located in Carbon County, UT. The new customer has also been granted the right to purchase additional tons of coal each year over the life of the contract, which if fully exercised could yield a total of $36 million of revenues to America West.

Commenting on the new supply contract, Dan Baker, Chief Executive Officer of America West, noted, "Now that we have stabilized coal production at Horizon and are currently producing approximately 30,000 tons per month from a single mining section, we are in active negotiations with a number of new potential customers who are seeking clean compliant coal to fuel their respective energy needs. To that end, we are very pleased to welcome this new client to our growing customer base and look forward to further expanding the number of domestic and international companies we supply as coal production from the Horizon mine continues to ramp up."

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