RE: RE: China may face shortfall in COKING coal...As of today ,as word travel through the town of Trinidad, CMK is still experiencing trouble in producing coal. Here in June, and CMK is approx producing 50 to 120 tones per day with the continious miner. At this rate, CMK may not reached the 350K target forecast for 2011.
CMK is chewing up 7 million per month and in 6 months time that will 50 % of the most recent offerring. Another sp offerring will be around the corner once the second quarter report comes out.
Also OSHA is in town doing a spot inspection of the site and are issuing citations and fines. How can CMK management have deficience with all the money they spent todate and with only one mining machine in operation.
Still facing production delays