Wednesday, May 5, 2010

Carbon County coal headed to China

America West Resources Inc. said it has signed two contracts to sell more than $200 million worth of coal from its Horizon mine north of Price. The Salt Lake City-based company said last week that it signed the agreement to supply coal to an unnamed energy group from China, shipped through an unnamed, northwestern U.S. port where it is leasing storage and terminal space.

On Tuesday, it announced the signing of an eight-month, $7.4 million deal to deliver coal to a West Coast utility, which also was not identified.

"Global demand for our compliant coal has been increasingly robust," said America West Chief Executive Dan Baker. "America West is working diligently toward re-establishing mining operations in two pillar sections at Horizon, with a goal of expanding to three sections by the end of this year and significantly increasing production." Salt Lake Tribune