Americas Energy Company (OTC Bulletin Board: AENY) and Americas Energy Company, Inc. (AECo) have announced that AECo has started is operations on its Highway 92 surface mine project. AECo is working on being acquired by AENY. The property is currently permitted for 3 seams of coal, the Upper Rooster, Lower Rooster and the Dean.
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All of these seams contain high grade specialty coal and it is expected to sell for around $70-$80 per ton, if coal prices stay in the same price range. AECo is discussing a 15 month sales contract with their initial monthly production of 10,000-12,000 tons of coal with Blueflame Coal.
About Americas Energy Company
We are a consolidator of high quality energy properties, operating out of our main offices in Knoxville, TN. We currently operate projects in both Kentucky and Tennessee. AECo invests in energy projects throughout the Americas. We are currently evaluating several additional coal projects, as well as oil and gas rework projects in Southeastern Kentucky.
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