http://www.mining.com/
Coking coal prices are on fire — up more than 80% in six months
Can only be a positive for Anthracite.
The Anthracite market is growing, supply is diminishing , and ATU now has the resource to supply all markets, from Europe, Asia and South America from both BC and Pennsylvania. Can only imagine JOGMEC are the first of many large organizations wanting to shore up future supply of their HG and UHG Anthracite. Its no secret it is a rare, but much sought after product
The board has clearly identified how to value add to the Company and GHNMC by purchasing a stake in ACG, to be able to supply not only the steel market, but also the European Carbon and Filtration markets, which are forecasted to grow significantly in the coming years, and also establish early cash flow to keep negotiating a better deal on ther GHN mine.
No shortage of Product and no shortage of Customers and Markets.
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