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EastCoal Inc.: Right to Acquire Menzhinsky Coking Coal Mine
Sep. 29, 2011 12:25PM PST
Industrial MetalsEastCoal Inc. (CVE:ECX) announced it now has the right to purchase all of the Menzhinsky Mine in the Ukraine.
EastCoal Inc. (TSXV:ECX) announced it now has the right to purchase all of the Menzhinsky Mine in the Ukraine.
The press release is quoted as saying:
The Menzhinsky Mine is currently in operation. Production of coking coal from the developed section of the Mine, possibly increased by development of additional sections, will be a strategic fit with the operations and future production of the Company’s Verticalnaya high-grade anthracite mine, currently in the construction stage of reactivation. If completed, this transaction will provide the Company with a second significant mine in the Donbass district of Ukraine.
Click here to read the entire news release.
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