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New Deals: Americas Energy To Start Coal Deliveries

May 17, 2010 (FinancialWire) — Americas Energy Co. (OTCBB: AENY) said that its Artemus Project has sold the first coal production to a Southern utility company on a test delivery.

According to Chris Headrick, president and CEO of Americas, “The test order is 20,000 tons each for the months of May and June.”

He said that the order will be mined in the Jellico coal seam by Americas’ contract miner Black Diamond Energy.

Headrick said, “Upon the successful completion of our test period we will enter into a contract for 20,000 tons per month for the balance of this year as well as 2011 and 2012.”

Tennessee-based Americas Energy is a consolidator of energy properties, operating projects in Kentucky and Tennessee.

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