CanAm Long Term Coal Contracts Support Doubling of Production

CanAm Coal Corp. (TSXV:COE,OTCQX:COECF) announced that it plans to produce twice as much coal in 2012 as it did last year.

As quoted in the press release:

The Company is estimating coal sales of between 450,000 to 550,000 tons for the 2012 fiscal year with a metallurgical/thermal coal mix of 20/80% respectively. This represents a 200,000 to 300,000 ton increase over 2011 estimated sales or the Company is forecasting to nearly double production in 2012.

Click here for the CanAm Coal Corp. (TSXV:COE) press release.