Royal Coal Secures Coal Sales Contacts for 2012; Shares Nearly Hit Year Low

Shares of Royal Coal Corp. (RDA.V) are now unchanged at $0.035 but are trading near year low 3 cents even as the company announce today that it has secured coal sales contracts for 234,000 tons to be delivered over a 12 month period commencing January 2012.

The Appalachian producer of high BTU, low sulphur thermal coal said these contracts provide for the delivery of run-of-mine coal at an average sales price of US$85/ton with delivery at mine site.

Tom Griffis, Chairman of Royal Coal, commented: "These contracts are very attractive and give the company a solid foundation of sales for the upcoming year. The company is pursuing increased production from its own operations and permits as well as the potential of additional production through the acquisition of new assets."

More than 125.7 thousand RDA shares have already changed hands.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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