June 24, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — America West Resources, Inc. (AWSR.OB), a coal producer with mining operations in Central Utah, said that it has signed a new coal supply agreement, valued over $75 million, with a coal-fired power agency responsible for generating electricity sold to utility companies serving multiple municipalities throughout the Western U.S.

The supply agreement provides for compliant thermal coal mined from America West's Horizon Mine in Carbon County, Utah to begin shipping immediately, with follow-on coal trains running through the end of December 2014.

In addition, the customer has the right to purchase additional coal production over and above the contracted base quantities. Based on pre-determined pricing per ton, the additional tonnage could yield up to another $46 million in revenue to the company over the contracted supply period.

Utah-based America West Resources is a domestic coal producer focused on the mining of compliant (low-sulfur) coal and its sale primarily to utility companies and industrial customers in the western U.S., China and Europe.

The company operates the Horizon Mine, which has recoverable compliant coal reserves under lease of around 12 million tons.

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