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   &lt;div align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"&gt;The Company markets its coal principally to electric utilities in the United States and
   international and domestic steel producers. As of December&amp;#160;31, 2009 and 2008, trade accounts
   receivable from electric utilities totaled approximately $86,270 and $59,398, respectively. Credit
   is extended based on an evaluation of the customer&amp;#8217;s financial condition and collateral is
   generally not required. Credit losses are provided for in the consolidated financial statements and
   historically have been minimal. The Company is committed under long-term contracts to supply coal
   that meets certain quality requirements at specified prices. The prices for some multi-year
   contracts are adjusted based on economic indices or the contract may include year-to-year specified
   price changes. Qualities and volume for coal are stipulated in coal supply agreements, and may vary
   from year to year within certain limits at the option of the customer. For the years ended December
   31, 2009, 2008, and 2007, the Company&amp;#8217;s 10 largest customers accounted for approximately 47%, 54%
   and 42% of &lt;i&gt;Total revenues&lt;/i&gt;, respectively. Sales to the Company&amp;#8217;s largest customer accounted for approximately 12%
   of &lt;i&gt;Total revenues &lt;/i&gt;for the years ended December&amp;#160;31, 2009 and 2008 and less than 10% for the year
   ended December&amp;#160;31, 2007.
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