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Oxbow Announces Exploratory Coal Project in Delta County

Findings could extend Oxbow’s operations, economic investments in North Fork Valley

Delta County, CO - May 11, 2011 - Oxbow Carbon, the parent company of Oxbow Mining, is pleased to announce a plan to explore for Federal coal resources in the Oak Mesa area.

Oak Mesa, north of the Town of Hotchkiss, is a historical mining area with a long rich legacy of coal mining. A 2000 USGS report has shown there is more than 744 million recoverable tons of coal in the North Fork Valley.

“This step in exploration is an opportunity for Oxbow to continue producing clean, low-sulfur, super-compliant Colorado coal,” Randy Litwiller, Vice-President of Oxbow Mining said, “And allow us to provide a stable future for our 360 employees and their families.”

In addition to the hundreds of employees at the Elk Creek Mine, there are more than a thousand indirect jobs supporting the mine. The North Fork Valley produces more than 40 percent of Colorado’s coal.

Oxbow’s existing operation at the Elk Creek Mine contributes more than $36 million per year in payroll and benefits and has an estimated economic impact of $90 million annually to the local economies.

For further information contact:

Corporate Communications & Community Relations
Oxbow Carbon LLC
1601 Forum Place, Suite 1400
West Palm Beach, FL 33401
(561) 907-5422

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