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Duke Energy awards coal supply contract to Oxford Mining

Oxford Mining Co. LLC signed a deal with Duke Energy Kentucky Inc. to provide 350,000 tons of coal through 2018.

Oxford will provide Duke Energy's East Bend generating station with 200,000 tons of crushed coal this year and 150,000 tons in 2018.

Coal is spec'd at a monthly weighted average of 11,600 Btu/lb., maximum 8% moisture and maximum 13% ash.

It is priced at $35.45 per ton in 2017 and $36.00 per ton in 2018 at the delivery point.

The coal will be sourced from Oxford's Ohio-based mines, including Sexton No. 3, Snyder, Daron, Rice No. 1 and Rose Valley.