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July 07, 2015 3:04 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Kenamerican Resources, Inc

Company Overview

Kenamerican Resources, Inc. engages in coal mining. The company was founded in 1995 and is based in Central City, Kentucky. Kenamerican Resources, Inc. operates as a subsidiary of Mill Creek Mining Company.

7590 State Route 181 North

Central City, KY 42330

United States

Founded in 1995

Phone:

270-754-3237

Fax:

270-754-3337

Key Executives for Kenamerican Resources, Inc

Mine Foreman
Vice President of Sales
Compensation as of Fiscal Year 2015.

Kenamerican Resources, Inc Key Developments

KenAmerican Resources Inc. Wins Multiyear Coal Supply Deal from Big Rivers Electric

Big Rivers Electric Corp. has awarded a new multiyear coal supply contract to Murray Energy Corp. unit KenAmerican Resources Inc. Under the terms of the agreement, which runs from Jan. 1, 2015, to Dec. 31, 2019, KenAmerican will supply coal to Big Rivers' D.B. Wilson power plant from its Paradise No. 9 mine in Muhlenberg, Ky. The producer will provide an annual base quantity of 300,000 tons in 2015; 500,000 tons in both 2016 and 2017; and 400,000 tons in both 2018 and 2019. Big Rivers also has the right to take up to 25,000 tons of additional coal per quarter over the life of the contract. The contract calls for KenAmerican to provide coal containing a minimum of 11,700 Btu/lb and maximums of 2.61 lbs/MMBtu of sulfur, 7.91 lbs/MMBtu of ash and 10.09 lbs/MMBtu of moisture. The contract price will rise each year, beginning at $1.9872/MMBtu in 2015 and increasing to $2.0406/MMBtu in 2016, $2.0940/MMBtu in 2017, $2.1496/MMBtu in 2018 and $2.2073/MMBtu in 2019. Big Rivers has previously taken coal from Paradise No. 9, including approximately 757,000 tons in 2014 at D.B. Wilson.

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