January 6, 2012 - Investorideas.com, a leader in sector research for independent investors issues an investor alert for TSX coal mining stock, Cline Mining Corporation (TSX: CMK.TO). The stock closed trading Thursday at $2.07, up 0.36 (21.05%) on over 8.8 million shares.
The Company issued news that further to its release of December 30, 2011, New Elk Coal Company, a wholly-owned subsidiary of Cline, received the last regulatory approval required for room and pillar mining in the Blue Seam on January 3, 2012. Regulatory approval had previously been granted for mining the Allen seam. Accordingly, all approvals are now in place for mining in both seams in accordance with the mining plan at the New Elk Coal Mine in Las Animas County, southern Colorado.
"As contemplated in the previous news release, New Elk continues to implement its first phase plan with a view to bringing the New Elk Coal Mine into full commercial production of high quality metallurgical coke making coal at a rate of 3.0 million tons of saleable coal annually during its initial 20-year mine project plan period. The full planned production rate is to be attained during the first half of 2012. Saleable coal production during calendar year 2012 is projected at 2.5 million tons, with production in the years 2013 and annually thereafter at the rate of 3.0 million tons. These projections are subject to any unforeseen, unexpected and unanticipated delays or events, including the receipt of normal ongoing regulatory permits and approvals, which could affect production or alter timelines."
About Cline: Cline Mining Corporation (TSX: CMK.TO)
Cline has metallurgical coal property interests in British Columbia, Canada and in Colorado, U.S.A. with NI 43-101 compliant independent Technical Reports. Cline Mining Corporation is a mine development company focused on the exploration and development of metallurgical steel making coals in Canada and the U.S., iron ore in Madagascar and gold from its Cline Lake Gold Mine Property in northern Ontario, Canada.
About InvestorIdeas.com: Big Ideas for small cap Investors
InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; cleantech and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, water, tech, defense stocks, nanotech, agriculture and gaming.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Research coal stocks and mining stocks at Investorideas.com with global stock directories
Coal Stocks : http://www.investorideas.com/CSS/Stock_List.asp
Mining Stocks : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Sign up for the free investor news and stock alerts http://www.investorideas.com/Resources/Newsletter.asp
Join Investor Ideas - Become a Member
Investorideas.com Members currently have 24/7 online access to the exclusive subscriber-only 13 stock directories in leading sectors including mining, nanotech, renewable energy, water and energy stocks. Get stock alerts and hot news!
Visit the Investor Ideas membership page to learn more at: http://www.investorideas.com/membership/
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
www.InvestorIdeas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Source - Investorideas.com
800-665-0411
Get news and articles, podcasts and videos about gold stocks and mining stocks from Investorideas.com
- Gold Stocks' Remain Exceptionally Weak Even as Stocks Rise
- New CSE Mining Stock Listing - Makenita Resources Inc. (CSE: KENY)
- Gold tries to advance, benefiting from weak data and low activity in the futures market
- Strong USD pressures Gold Prices, Market Remains Volatile
- Gold resumes decline today as dollar resumes gains
Subscribe to:
Post Comments (Atom)
Mining stocks news alerts
- Gold Stocks' Remain Exceptionally Weak Even as Stocks Rise - 12/26/2024 -
- New CSE Mining Stock Listing - Makenita Resources Inc. (CSE: KENY) - 12/24/2024 -
- Gold tries to advance, benefiting from weak data and low activity in the futures market - 12/24/2024 -
- Strong USD pressures Gold Prices, Market Remains Volatile - 12/23/2024 -
- Gold resumes decline today as dollar resumes gains - 12/23/2024 -
No comments:
Post a Comment