North American Gem Inc. Receives Complete Approval to Mine

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.