The coal at the Gooden Creek #2 mine is considered to have the same qualities/characteristics as the coal that was being mined from the Gooden Creek mine. On average, the core sample analysis has indicated 4% ash, 1.3% sulfur and 14,000 BTU/lb.
"We are excited about our new Gooden Creek #2 Mine permit as it will allow us to further expand our mining operations and continue to meet our customer commitments", said Jos De Smedt, CEO of CanAm. "The quality and characteristics of this coal makes it a very versatile coal which will allow us to service both our utility and industrial customers."
The Company is also announcing that it will release its full financial results for the nine month period ending September 30, 2014 on November 28, 2014.
For Further Information:
CanAm Corporate Office:
Jos De Smedt, Chief Executive Officer