RE: !!! NEWS OUT !!!!oooppps, here it is.
NovaDx's MCoal begins selling Rosa coal
2010-06-02 10:40 ET- News Release
Mr. Neil MacDonald reports
NOVADX PROVIDES ROSA MINE UPDATE AND ANNOUNCES PURCHASE ANDRESTRUCTURING OF NET PROFIT INTEREST
Production at the Rosa mine, operated by NovaDx Ventures Corp.'swholly owned subsidiary MCoal Corp., is meeting mine production targetsand sales of cleaned coal have commenced.
MCoal has been operating the Rosa mine since the week of April 19, 2010,and has recently commenced shipments to customers in both the cokingcoal and activated carbon businesses at prices of $150 (U.S.) per ton.MCoal is currently operating one triple head auger for one shift perday, and is processing mine run coal at a contract wash plant locatednear Jasper, Ala., for shipment to customers.Neil MacDonald, chief executive officer of MCoal, and president and CEOof NovaDx, commented: "Although we have experienced a couple of start-upchallenges, we are pleased with progress at the Rosa coal mine. Theauger machine is now regularly achieving our daily footage targets, andis producing a mine run coal quality that is meeting expectations. Thewashed Rosa coal we are producing is meeting the high-qualityexpectations of our customers, who are very satisfied with it. We havemore demand for this very special coal than we can currently fulfillwithout significantly expanding our mining operations."
source, stockwatch