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    coal investing

    North American Gem Inc. Receives Complete Approval to Mine

    Investing News Network
    Jul. 27, 2010 01:25PM PST
    Industrial Metals

    North American Gem (CVE:NAG) reports that the Kentucky Department of Natural Resources approved the mining application allowing immediate production to begin at North American Gem #2 Mine in Knox County, Kentucky, USA.
    Blue Gem Coal commands a price as much as 200% higher than high-quality steam coal and is typically the highest priced grade of coal produced in […]

    North American Gem (TSXV:NAG) reports that the Kentucky Department of Natural Resources approved the mining application allowing immediate production to begin at North American Gem #2 Mine in Knox County, Kentucky, USA.

    Blue Gem Coal commands a price as much as 200% higher than high-quality steam coal and is typically the highest priced grade of coal produced in the United States.

    Charles Desjardins, President of North American Gem says:

    “Blue Gem Coal is a rare and increasingly valuable seam of coal used in the production of silicon metals.”  “Producing Blue Gem Coal has been our primary strategic business focus; this new mine is a significant step forward for the company and we are aiming to achieve our goal of becoming a long-term Blue Gem Coal producer.”

    For complete news release, click here.

    For North American Gem’s company profile, click here.

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