Note 6 - Commitments and Contingencies

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

COMMITMENTS AND CONTINGENCIES.

NOTE 6—COMMITMENTS AND CONTINGENCIES

Surety Bond

As of June 30, 2019, our asset retirement obligations totaled $13.2 million and we had total corresponding reclamation bonding requirements of $12.8 million, which were supported by surety bonds.

Purchase Commitments

We secure the ability to transport coal through rail contracts and export terminals that are sometimes funded through take-or-pay arrangements. As of June 30, 2019, commitments under take-or-pay arrangements totaled approximately $2.3 million through March 31, 2020.

Litigation

From time to time, the Company is subject to various litigation and other claims in the normal course of business. No amounts have been accrued in the consolidated financial statements with respect to any matters.