Americas Energy Company announced that Coal Mining Operations will start immediately yesterday. The Company has contracted with Black Diamond Energy, Inc. This is to begin surface mine as well as auger operations on the Artemus Project in Knox County, Kentucky.
The Artemus Project is an approximately 13,000-acre lease. It has estimated reserves of 40,000,000 tons of the Kentucky Blue Gem, Jellico and Lily seams of coal.
Chris Headrick, President and CEO of Americas Energy Company (AENY) said, “The Artemus Permit was the Crown Jewel of the Evans Coal acquisition. This permit gives AENY access to more than 695 acres of Permitted Coal property. The Artemus Property production will initially be approximately 20,000 tons per month by the end of May 2010. The experience that Rob Gregory, a third generation miner, and Black Diamond Energy, Inc. bring to our project will maximize our coal production on the first Artemus permit area. The Artemus Permit includes five surface permit areas and three deep mine permits.”
Headquartered in Knoxville, Tennessee, Americas Energy Company is a consolidator of high quality energy properties. They are currently operating projects in Kentucky and Tennessee. The Company is also evaluating several additional coal projects. In addition, they are evaluating an oil and gas rework project in Southeastern Kentucky.
At this time, Americas Energy Company is producing the Upper, Middle, and Lower Hance Seams of the Upland Church Project in Bell County, Kentucky. They are also producing the Rooster Seams on the Highway 92 Project – Knox and Whitley County, Kentucky.
Additionally, they will begin producing the Jellico Seam on the Artemus property. The Artemus property will also begin producing the Kentucky Blue Gem. This specialty coal finds use in the production of silicon and ferrosilicon metals. Similar in chemical characteristics to the Kentucky Blue Gem, the Company will also be producing the Lily Seams on Artemus.