INTERNATIONAL COAL NEWS

Horizon reserves up for auction

HORIZON Natural Resources Company announced the auction of its Hanna Land Company and Skitter Cre...

Staff Reporter

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Both assets located in West Virginia, plus certain contracts and permits related to the ownership and operation of the facilities, will be included in the auction.

“This auction is a continuing effort on our part to divest non core assets and enable us to reach our goal of improved financial performance more quickly,” said Horizon’s vice president of business development James Morris.

All bidders are required to appear in person, or through a duly authorized representative. Only “qualified bidders” will be permitted to bid for the assets.

Horizon Natural Resources Company, formerly AEI Resources Holding, has mining operations in five states with a total of 26 mines, including 17 surface mines and 9 underground mines.

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