Cobalt Coal Ltd. (TSXV:CCF) announced that they have acquired coal properties in Virginia.
As quoted in the press release:
The Property Acquisitions involve the acquisition of metallurgical coal bearing leases in Virginia, USA which were the subject of the NI 43-101 compliant technical report entitled “Resource and Reserve Evaluation Including Pre-Feasibility Study, Steinman/ACIN Leases, Dickenson County, Commonwealth of Virginia, USA” which Cobalt filed on SEDAR on November 19, 2012.
Love It Or Hate It: 40% Of Electricity In The United States Is Generated From Coal. China uses even more.
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