Grande Cache Continued Development Surface Coal Mining In Smoky River Coalfield
December 6th, 2009
Grande Cache Corp., A metallurgical coal mining company, has received permission to continue the development of surface coal mining in the Smoky River Coalfield.
Coal mines will be explored a new coal mines, mining exploration company expected to produce coal in the first quarter of 2011.
Chief Executive Robert Stan, said, “the new mine will give us good quality coal production more than ten years since the coal produced from surface mining resources is good.”
The company also said it plans to spend about C $ 180 million ($ 172.2 million), mainly to increase production of clean coal at the existing mine site to 3 million tons per year within the next three fiscal years.
Grande Cache shares closed at C $ 4.07 Tuesday on the Toronto Stock Exchange.
Find More Mining News : Coal Mining Exploration - coal prices - coal production
