James River Coal To Acquire Reserves

AP-VA--James River Coal,0108
RICHMOND, Va. (AP) - James River Coal Co. is acquiring nearly 20
million tons of central Appalachian coal reserves from Cheyenne
Resources Inc.

Richmond-based James River said Monday that it will pay $40
million for the reserves and permits, including $24 million in cash
and $16 million in either cash or newly issued common stock of the

The deal includes about 10.2 million tons of proven and probable
surface reserves and 3.6 million tons of proven and probable
underground reserves, plus additional surface resources.

James River's board and Vicco, Ky.-based Cheyenne Resources'
board have approved the deal. It remains subject to closing

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  • by Ricky Location: chanlder creek on Dec 28, 2008 at 05:41 PM
    I need a job but have had no luck working hard love it weekends dont bother me
  • by charles Location: lost creek on Jul 1, 2008 at 06:15 AM
    I need to get a job but not here they work to hard an to many weekends


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