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ACI » Topics » Certain of our customers have deferred, and other customers may in the future seek to defer, contracted shipments of coal, which could affect our results of operations and liquidity.This excerpt taken from the ACI 10-K filed Mar 1, 2010. Certain
of our customers have deferred, and other customers may in the
future seek to defer, contracted shipments of coal, which could
affect our results of operations and liquidity.
As the ongoing global economic recession has caused the price
of, and demand for, coal to decline, certain of our thermal and
metallurgical coal customers have delayed shipments, or
requested deferrals, pursuant to our existing long-term coal
supply agreements. Other customers similarly may seek to delay
shipments or request deferrals under existing agreements. In the
current economic environment, the spot market for coal may not
provide an acceptable alternative to sell our uncommitted tons.
We currently are evaluating customer deferrals and are in
negotiations with a number of the customers that have made such
requests. There is no assurance that we will be able to resolve
existing and potential deferrals on favorable terms, or at all.
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