Diversified energy services company American Resources Corporation (OTC: AREC), through wholly owned subsidiary Quest Energy Inc., last week announced that it has secured additional key pieces of underground mining equipment that will allow the company to expand its existing coal production at several select mining operations. Per the update, this equipment includes continuous miners, shuttle cars and other support equipment. “We are very pleased to have obtained this equipment to allow us to increase production at our Deane Mining and McCoy Elkhorn subsidiaries,” Mark Jensen, CEO of American Resources Corporation, stated in the news release. “Our team has worked hard and diligently to expand the production capabilities at several of our key mining operations in advance of receiving this equipment, and we are now able to immediately and significantly increase our coal production to meet our growing customer demand.”
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About American Resources Corporation
American Resources Corporation is engaged in diversified energy services including mining, processing and logistics, with a primary focus on traditional energy sources such as coal and oil and gas. American Resources Corporation plans to expand its business by continuing to develop its currently leased properties and further expanding its processing and logistics business, and through the pursuit of strategic acquisitions. For more information, visit the company’s website at www.AmericanResourcesCorp.com
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