CanAm Coal Corp Subsidiary Receives 5-year Permit for Knight Mine

CanAm Coal Corp. (TSXV:COE, OTCQX:COECF) announced that their subsidiary, Birmingham Coal & Coke, received a five-year surface mining permit for the Knight Mine.

As quoted in the press release:

The coal at the Knight mine is considered to have the same qualities/characteristics as the coal that is currently being mined from the existing Bear Creek mine. On average, the proximate analysis has indicated 12% ash, 0.7% sulfur and 11,500 BTU/lb. These average values are consistent with the assays reported from drilling; mine face sampling and product deliveries.

Birmingham Coal & Coke’s Vice President,  Tom Lewis, said:

We are excited about our new Knight Mine permit as it will allows us to further expand our mining operations, increase our production of high quality thermal coal and continue to meet our customer commitments.

To view the whole press release, click here.