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Friday, 10/31/2014 10:49:08 AM

Friday, October 31, 2014 10:49:08 AM

Post# of 821321
$NEWC Based on the high quality of our coal, we expect to sell at a premium to other domestic coals. In August 2014, the market price for thermal coal in Colombia increased by 4% to $ 68/mt, coking coal blends sold for $ 95 per tonne. Beginning in 2015, New Colombia will concentrate tunnel mining its hard coking coal seams first. The Company expects to mine 20,000 tonnes of hard coking coal per month and 10,000 tonnes of thermal coal per month.


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