America West Resources, Inc.(fka AWSRQ)

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AWSR got $175 Million coal contract until 2015



America West Resources, Inc. announced that it has entered into a Coal Purchase and Sale Agreement with a major electric power company in the northwestern United States. The five-year base agreement, valued at approximately $40 million in base tons and up to an additional $27 million in optional tons, provides for America West to supply compliant thermal coal mined from its Horizon operations and delivered pursuant to a predetermined monthly shipping schedule beginning in 2011 and continuing through the end of 2015. However, among other terms and conditions, the major electric power company will have the option to extend the agreement up to seven additional years, thereby increasing the total potential value of the deal to a total of up to $175 million.

http://www.reuters.com/finance/stocks/AWSR.OB/key-developments/article/2040342