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ACI » Topics » A defect in title or the loss of a leasehold interest in certain property could limit our ability to mine our coal reserves or result in significant unanticipated costs.This excerpt taken from the ACI 10-K filed Mar 1, 2010. A
defect in title or the loss of a leasehold interest in certain
property could limit our ability to mine our coal reserves or
result in significant unanticipated costs.
We conduct a significant part of our coal mining operations on
properties that we lease. A title defect or the loss of a lease
could adversely affect our ability to mine the associated coal
reserves. We may not verify title to our leased properties or
associated coal reserves until we have committed to developing
those properties or coal reserves. We may not commit to develop
property or coal reserves until we have obtained necessary
permits and completed exploration. As such, the title to
property that we intend to lease or coal reserves that we intend
to mine may contain defects prohibiting our ability to conduct
mining operations. Similarly, our leasehold interests may be
subject to superior property rights of other third parties. In
order to conduct our mining operations on properties where these
defects exist, we may incur unanticipated costs. In addition,
some leases require us to produce a minimum quantity of coal and
require us to pay minimum production royalties. Our inability to
satisfy those requirements may cause the leasehold interest to
terminate.
These excerpts taken from the ACI 10-K filed Feb 27, 2009. A
defect in title or the loss of a leasehold interest in certain
property could limit our ability to mine our coal reserves or
result in significant unanticipated costs.
We conduct a significant part of our coal mining operations on
properties that we lease. A title defect or the loss of a lease
could adversely affect our ability to mine the associated coal
reserves. We may not verify title
Table of Contents
to our leased properties or associated coal reserves until we
have committed to developing those properties or coal reserves.
We may not commit to develop property or coal reserves until we
have obtained necessary permits and completed exploration. As
such, the title to property that we intend to lease or coal
reserves that we intend to mine may contain defects prohibiting
our ability to conduct mining operations. Similarly, our
leasehold interests may be subject to superior property rights
of other third parties. In order to conduct our mining
operations on properties where these defects exist, we may incur
unanticipated costs. In addition, some leases require us to
produce a minimum quantity of coal and require us to pay minimum
production royalties. Our inability to satisfy those
requirements may cause the leasehold interest to terminate.
A defect in title or the loss of a leasehold interest in certain property could limit our ability to mine our coal reserves or result in significant unanticipated costs. We conduct a significant part of our coal mining operations on properties that we lease. A title defect or the loss of a lease could adversely affect our ability to mine the associated coal reserves. We may not verify title
Table of Contentsto our leased properties or associated coal reserves until we have committed to developing those properties or coal reserves. We may not commit to develop property or coal reserves until we have obtained necessary permits and completed exploration. As such, the title to property that we intend to lease or coal reserves that we intend to mine may contain defects prohibiting our ability to conduct mining operations. Similarly, our leasehold interests may be subject to superior property rights of other third parties. In order to conduct our mining operations on properties where these defects exist, we may incur unanticipated costs. In addition, some leases require us to produce a minimum quantity of coal and require us to pay minimum production royalties. Our inability to satisfy those requirements may cause the leasehold interest to terminate. This excerpt taken from the ACI 10-K filed Mar 1, 2007. A defect in title or the
loss of a leasehold interest in certain property could limit our
ability to mine our coal reserves or result in significant
unanticipated costs. |
We conduct a significant part of our coal mining operations on
properties that we lease. A title defect or the loss of a lease
could adversely affect our ability to mine the associated coal
reserves. We may not verify title to our leased properties or
associated coal reserves until we have committed to developing
those properties or coal reserves. We may not commit to develop
property or coal reserves until we have obtained necessary
permits and completed exploration. As such, the title to
property that we intend to lease or coal reserves that we intend
to mine may contain defects prohibiting our ability to conduct
mining operations. Similarly, our leasehold interests may be
subject to superior property rights of other third parties. In
order to conduct our mining operations on properties where these
defects exist, we may incur unanticipated costs. In addition,
some leases require us to produce a minimum quantity of coal and
contain minimum production royalties. Our inability to satisfy
those requirements may cause the leasehold interest to terminate.
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