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88娱乐城
The company鈥檚 plan of reorganization (POR) was confirmed Monday by the US Bankruptcy Court for the District of Nevada and will be effective December 19.
Based on the Horizon mine鈥檚 expected coal production, the producer said it believes the Utah complex will give it a 鈥渟ufficient鈥� cash flow from operations to manage its other financial obligations to Hidden Splendor's creditors going forward.
鈥淲e are very pleased that Hidden Splendor will be emerging from bankruptcy this month,鈥� said America West chief executive Dan Baker.
鈥淭his will position America West well for 2009, allowing us to execute our growth strategy without distraction."
The company has extracted more than 1.3 million tons of coal from the Horizon operation since 2003.
