Cline - New Elk - First Commercial Coal Delivery
Wednesday, August 10, 2011
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TORONTO, Aug. 10, 2011 /CNW/ - Cline Mining Corporation ("Cline Mining" or the "Company") (TSX:CMK) is pleased to report that its first commercial sale of metallurgicalgrade coking coal was shipped on August 9, 2011 by Cline's wholly ownedsubsidiary New Elk Coal Company LLC ("New Elk") from its coal minelocated near the town of Trinidad in southern Colorado, U.S.A. Thefirst coal shipment was made into rail cars from the Company's newlyconstructed bulk rail load-out facility at Jansen Yard nearTrinidad. The coal was from first mine production and meets the fullspecification grade of New Elk's high quality metallurgical grade coalfor steelmaking purposes. The New Elk metallurgical coal is a highvolatile, high fluidity, high FSI and low sulphur product. Photographsof the first rail shipment will be available on Cline's website at www.clinemining.com. Ongoing continuing coal deliveries and shipments are scheduledaccording to the Company's production schedule going forward.
Cline is continuing to mine metallurgical coal from its New Elk CoalMine, which is being placed in stockpiles on the mine surface. The coalpreparation plant is treating the raw coal produced from the mine andachieving the high specification standards for New Elk met coal. Anactive coal marketing program is in full effect to establish and settlelong term customer relationships. Bulk samples of the product coal arebeing produced and distributed to the major national and internationalsteel industry participants.
New Elk production of metallurgical steel-making coal slated for worldmarkets is anticipated to ramp up to a production rate of 3.0 milliontons annually by the first quarter of 2012, as described and detailedin the National Instrument 43-101 Technical Report titled "NI 43-101Technical Report, New Elk Mine Project, Las Animas County, Colorado,U.S.A., prepared for New Elk Coal Company, LLC, subsidiary of ClineMining Corporation" dated May 27, 2011 prepared by Leo Gilbride, P.E.and Timothy A. Ross, P.E., of Agapito Associates Inc., QualifiedPersons.
About Cline: Cline has significant metallurgical coal property interestsin British Columbia, Canada and in Colorado, U.S.A. with NI 43-101compliant independent Technical Reports. Cline Mining Corporation isfocused on the exploration and development of metallurgical steelmaking coals in Canada and the U.S., and on its iron ore property inMadagascar and its Cline Lake gold property in northern Ontario,Canada.