Ann: Ferreira Coal Mine Extension , page-16

I too would like to know how long the extension is. I'd say 2 years sounds about right, but if they can secure the additional area it could push it out to 5 or so - and then it's like Conti just got a free mine when it comes to cashflow. Originally Ferr and Pen were to dovetail so there would only be one export mine, but now they should both be operating until DeWitt takes over.

Of course the royalty will eat into their profit margin but it's better than an upfront payment IMO. Should only be a few dollars a ton.