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This excerpt taken from the ICO 10-K filed Feb 29, 2008. Jennie Creek Property The Jennie Creek reserve, located in Mingo County, West Virginia, is a 44.9 million ton reserve of surface and deep mineable steam coal. This property contains 14.7 million tons of surface mineable, low sulfur coal reserves. A deep reserve in the high Btu, mid-sulfur Alma seam constitutes the largest block of coal at 30.2 million tons. Permitting is now in progress for a surface mine on this Central Appalachian property. Development of the entire Jennie Creek reserve had been subject to the resolution of certain disputes with lessors arising out of the Horizon bankruptcy proceedings. We resolved our litigation with the lessors of the Jennie Creek coal reserves in 2007. During 2007, an extensive core drilling project was completed on the property and its results are being used to update the mining permits. The coal will be produced by contouring, highwall mining and area mining.
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Table of ContentsThis excerpt taken from the ICO 10-K filed Nov 14, 2007. Jennie Creek Property The Jennie Creek reserve, located in Mingo County, West Virginia, is a 44.9 million ton reserve of surface and deep mineable steam coal. This property contains 14.7 million tons of surface mineable, low sulfur coal reserves. A deep reserve in the high Btu, mid-sulfur Alma seam constitutes the largest block of coal at 30.2 million tons. Permitting is now in progress for a surface mine on this Central Appalachian property. Development of the entire Jennie Creek reserve is subject to the resolution of certain disputes with lessors arising out of the Horizon bankruptcy proceedings. These disputes are the subject of pending motions in the bankruptcy court. However, the resolution of such motions has been held in abeyance while such lessors and the Company engage in negotiation of a final binding settlement agreement pursuant to the terms of non-binding letters of understanding. Additionally, on September 22, 2006, the Company entered into a final settlement with one lessor that confirmed the validity of a lease of 10.3 million tons of surface mineable coal and 8.8 million tons of deep mineable coal. The coal will be produced by contouring, highwall mining and area mining.
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Table of ContentsThis excerpt taken from the ICO 10-K filed Jul 23, 2007. Jennie Creek Property The Jennie Creek reserve, located in Mingo County, West Virginia, is a 44.9 million ton reserve of surface and deep mineable steam coal. This property contains 14.7 million tons of surface mineable, low sulfur coal reserves. A deep reserve in the high Btu, mid-sulfur Alma seam constitutes the largest block of coal at 30.2 million tons. Permitting is now in progress for a surface mine on this Central Appalachian property. Development of the entire Jennie Creek reserve is subject to the resolution of certain disputes with lessors arising out of the Horizon bankruptcy proceedings. These disputes are the subject of pending motions in the bankruptcy court. However, the resolution of such motions has been held in abeyance while such lessors and the Company engage in negotiation of a final binding settlement agreement pursuant to the terms of non-binding letters of understanding. Additionally, on September 22, 2006, the Company entered into a final settlement with one lessor that confirmed the validity of a lease of 10.3 million tons of surface mineable coal and 8.8 million tons of deep mineable coal. The coal will be produced by contouring, highwall mining and area mining.
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Table of ContentsThis excerpt taken from the ICO 10-K filed Mar 1, 2007. Jennie Creek Property The Jennie Creek reserve, located in Mingo County, West Virginia, is a 44.9 million ton reserve of surface and deep mineable steam coal. This property contains 14.7 million tons of surface mineable, low sulfur coal reserves. A deep reserve in the high Btu, mid-sulfur Alma seam constitutes the largest block of coal at 30.2 million tons. Permitting is now in progress for a surface mine on this Central Appalachian property. Development of the entire Jennie Creek reserve is subject to the resolution of certain disputes with lessors arising out of the Horizon bankruptcy proceedings. These disputes are the subject of pending motions in the bankruptcy court. However, the resolution of such motions has been held in abeyance while such lessors and the Company engage in negotiation of a final binding settlement agreement pursuant to the terms of non-binding letters of understanding. Additionally, on September 22, 2006, the Company entered into a final settlement with one lessor that confirmed the validity of a lease of 10.3 million tons of surface mineable coal and 8.8 million tons of deep mineable coal. The coal will be produced by contouring, highwall mining and area mining.
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Table of ContentsThis excerpt taken from the ICO 10-K filed Mar 31, 2006. Jennie Creek Property The Jennie Creek reserve, located in Mingo County, West Virginia, is a 44.9 million ton reserve of surface and deep mineable steam coal. Permitting is now in progress for a surface mine and preparation plant complex that is planned for production in 2007 on this Central Appalachian property. The development of the Jennie Creek reserve is subject to the resolution of certain disputes with lessors arising out of the Horizon bankruptcy proceedings. These disputes are the subject of pending litigation in the bankruptcy court. This property is expected to contain 14.7 million tons of surface mineable, low sulfur coal reserves. The coal will be produced by contouring, highwall mining, and area mining. A deep reserve in the high Btu, mid-sulfur Alma seam constitutes the largest block of coal at 30.2 million tons.
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