CanAm Provides 2012 Sales and Production Update

CanAm Coal Corp. (TSXV:COE,OTCQX:COECF) estimates that it will nearly double production in 2012 with coal sales of between 450,000 and 550,000 tons. 85 percent of this amount has already been contracted to customers.

As quoted in the press release:

On average, the estimated realized sales price for 2012 will be $100/ton with average price increases as follows:

• Metallurgical coal: up 11%
• Thermal coal – power customer: up 4%
• Thermal coal – industrial customers: up 17%

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