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    coal investing

    Velocity Minerals To Joint Venture Arkansas Coal Project And Review Production Feasibility

    Written by Investing News Network
    |
    Oct. 03, 2011 01:35PM PST

    Velocity Minerals Ltd. (TSX:VLC) announced its agreement to engage in a joint venture coal project in Arkansas.

    Velocity Minerals Ltd. (TSX:VLC) announced its agreement to engage in a joint venture coal project in Arkansas.

    As quoted in the press release:

    The project is a historical metallurgical coal deposit with an exposed highwall from previous surface mining. The Lessee is proposing starting production with a mining operation that will focus on the highwall and then go underground.

    Click here to read the Velocity Minerals (TSE:VLC) press release.

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