America West Resources Signs $9.4 Million Master Coal Purchase and Sale Agreement
Wednesday, Apr 21, 2020
SALT LAKE CITY, April 20 /PRNewswire-FirstCall/ — America West Resources, Inc. (OTC:AWSR) (BULLETIN BOARD: AWSR) , a domestic compliant coal producer with mining operations in Central Utah, today announced that it has entered into a Master Coal Purchase and Sale Agreement with one of the largest electricity traders in Europe. 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.”
Source: PR Newswire
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