Feb 11 2011
Americas Energy Company-AECo (OTCBB: AENY) has announced that Recoal, LLC has agreed to operate as one of our contract surface miners on both our Artemus Project and Hwy 92 Project in Southeast Kentucky.
“The Recoal team has a proven track record of more than 20 years production in Southeast Kentucky. Recoal will be producing in both the Lily and Jellico Coal Seams. AENY has initiated the process of expanding and amending our permit and adding additional surface mine acreage”
"The Recoal team has a proven track record of more than 20 years production in Southeast Kentucky. Recoal will be producing in both the Lily and Jellico Coal Seams. AENY has initiated the process of expanding and amending our permit and adding additional surface mine acreage," said Chris Headrick, President and CEO of Americas Energy Company. Mr. Headrick added, "The Recoal team anticipates approximately 8-10,000 tons of production per month on the Artemus Project. Mr. Renfro will also complete the face up of our deep mines in both the Jellico and Lily seams. We hope to finalize our permit amendments on the Jellico deep mine and put it in production in late Spring or early Summer of 2011."
Source: Americas Energy Company