Miami, Florida--(Newsfile Corp. - July 2, 2013) - Jos De Smedt, President and CEO of CanAm Coal (TSXV: COE) (OTCQX: COECF), speaks with Gold Stock Trades (https://goldstocktrades.com/blog/) Editor Jeb Handwerger about the recent update on their record year of coal production and plans for expansion in Alabama.
CanAm Coal (COE.V or COECF) believes in the long term viability of coal as a fuel source and that demand will grow going forward. Asian demand is still very strong with coal growing almost 20% over the next few years in this region. CanAm Coal had a record year in 2012 producing over 455,000 tons of coal in mining friendly Alabama. This is almost a ten fold increase from 2010 demonstrating significant production growth. Over the next three years CanAm's goal is to possibly produce 2-3 million tons of coal. The company is developing three new mines and has attracted a significant financial institution to fund the operations. CanAm is a coal producer and development company focused on growth through the acquisition, exploration and development of coal resources and resource-related technologies. CanAm's main activities and assets include its four operating coal mines in Alabama and the Buick Coal Project which holds significant coal resources, 188 million indicated and 103 million inferred resources, in Colorado, USA (see the technical report entitled "Limon Lignite Project, Elbert County, Colorado, USA," dated October 26, 2007 and filed on SEDAR on November 2, 2007). Other coal and related opportunities continue to be evaluated on an ongoing basis.