OCR Text |
Show Alu met assigns Coal prospects to Clinton Oil The Alumet Partnership, Golden, Colorado has assigned as-signed its option to acquire coal leases on 16,000 acres in Sevier County, Utah to Clinton Oil Company, Wichita, Wich-ita, Kansas, a spokesman announced an-nounced today. The assignment enables Alumet to participate in future fu-ture production, if any, from the coal prospect by electing to receive a 25 working interest in-terest in the property after Clinton Oil has recovered all of its costs. The Alumet Partnership recently announced that it had exercised its option to acquire a second coal property prop-erty located near Price, Utah which it plans to utilize as an energy source for Its proposed pro-posed alunite, alumina, and fertilizer, mining and production prod-uction complex, near Milford, Mil-ford, Utah. |