Calgary, AB - January 7, 2014 - CanAm Coal Corp. (TSXV: COE) (OTCQX: COECF) ("CanAm" or the "Company") is pleased to report that it has renewed two customer contracts that expired on December 31, 2013. Both contracts are with industrial users and total contracted volume for 2014 is 96,000 to 120,000 tons at pricing which is either the same or slightly up from 2013. One of the customers increased its volume commitment for 2014 by 50%. Also, one contract extends into 2017 which include price escalation provisions for each of the contract years.
"We are very excited about this renewed commitment from our customers," said Jos De Smedt, President & CEO of the Company. "This is further evidence of the quality of our coals and the outstanding service that our team delivers on a day-to-day basis to our customers and this has certainly paid off with increased volumes and a commitment into 2017 from one of our customers."
About CanAm Coal Corp.
CanAm is a coal producer and development company focused on growth through the acquisition, exploration and development of coal resources. CanAm's main activities and assets include its operating coal mines in Alabama and the Buick Coal Project which holds significant coal resources, 188 million indicated and 103 million inferred resources, in Colorado, USA (see the technical report entitled "Limon Lignite Project, Elbert County, Colorado, USA," dated October 26, 2007 and filed on SEDAR on November 2, 2007). Other coal and related opportunities continue to be evaluated on an ongoing basis.
All my posts, are only My Opinion
