Cline Mining Digs Nearly 6% Gain As Announces First Commercial Coal Delivery
Cline Mining (CMK.TO) went up by about 6% to $1.78 after announcing that its first commercial sale of metallurgical grade coking coal was shipped on August 9, 2011 by the company's wholly owned subsidiary, New Elk Coal Company LLC, from its coal mine located near the town of Trinidad in southern Colorado, U.S.
The company said New Elk production of metallurgical steel-making coal slated for world markets is anticipated to ramp up to a production rate of 3 million tons annually by the first quarter of 2012.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
