The Energy Department reported that Navajo Transitional Energy Company signed a three-year coal supply agreement valued at more than $100 million with TNB Fuel Services, the procurement subsidiary of Malaysia's largest electric utility.
Under the agreement, the Navajo Nation-owned company will supply coal from its Spring Creek Mine in Montana. The transaction gives the U.S. producer a defined export customer and ties the economic benefit to domestic mining operations and workers rather than an overseas-only project.
The announcement describes the contract's total value and duration but does not report completed deliveries or realized revenue. BrightWire therefore treats the amount as a planned commercial commitment over the coming three years.
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