The company said Tuesday that the contracts with the unnamed buyers in the industrial sector, which expired on December 31, were back in force with total 2014 contracted volumes of 96,000 tons to 120,000t.
Pricing for the tonnage is the same or above that of 2013, the company added.
“One of the customers increased its volume commitment for 2014 by 50%,” officials said.
“Also, one contract extends into 2017, which include price escalation provisions for each of the contract years.”
President and CEO Jos De Smedt said the deals are evidence of its coal quality as well as its level of everyday service to clients.
CanAm main assets include its Alabama operations as well as the Buick coal project in Colorado.
