CanAm Coal Corp achieves record 2013 sales; up 22% over 2012
03 Febrero 2014 - 7:00AM
Access Wire
Calgary, AB - February
3, 2014 - CanAm Coal Corp. (TSXV:
COE), (OTCQX: COECF) ("CanAm" or the "Company") is pleased to report full year
2013 coal sales of 682,000 tons. This compares to sales of 560,000
tons in the prior year, an increase of 122,000 tons or 22%. This
increase is a result of the strength of our long term customer base
and the addition of new contracts that the Company obtained in
2013.
-------------------------
|Quarter|Year Ended |
|-----------------------|
| |2013 |2012 |
|-----------------------|
| | | |
|-----------------------|
|Q1 |149,453|117,192|
|-----------------------|
|Q2 |168,488|130,517|
|-----------------------|
|Q3 |195,750|157,900|
|-----------------------|
|Q4 |168,000|153,841|
|-----------------------|
| | | |
|-----------------------|
|Total |681,691|559,450|
-------------------------
Company President and CEO, Jos De Smedt
commented: "We are extremely pleased at our ability to grow
sales by 22 percent in a very difficult environment for coal
producers around the world. We attribute our record success to
three important variables, the high quality of our coal, the
expansion and loyalty of our great customers, and the dedication of
our entire Team. This record growth includes a Q4 that was only up
10% year over year largely due to extended plant maintenance and
year-end inventory management with a few of our key customers.
As we enter 2014 we feel very confident that our
pattern of record sales and double digit growth will continue into
2014 and beyond. Recent record cold temperatures in our sales
market, and pending EPA changes affecting the US power sector bode
well for future demand for Canam's high quality coal."
About
CanAm Coal Corp.
CanAm is a coal producer and
development company focused on growth through the acquisition,
exploration and development of coal resources. CanAm's main
activities and assets include its operating coal mines in Alabama
and the Buick Coal Project which holds significant coal resources,
188 million indicated and 103 million inferred resources, in
Colorado, USA (see the technical report entitled "Limon Lignite
Project, Elbert County, Colorado, USA," dated October 26, 2007 and
filed on SEDAR on November 2, 2007). Other coal and related
opportunities continue to be evaluated on an ongoing basis.
For Further
Information:
CanAm Corporate Office:
Jos De Smedt,
President & CEO
Tel: 403.262.3797
Toll Free: 1.877.262.5888
Email:
jdesmedt@canamcoal.com
Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking
Information and Statements
This news release may contain certain
forward-looking information. All statements included herein, other
than statements of historical fact, is forward-looking information
and such information involves various risks and uncertainties.
There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such information. A
description of assumptions used to develop such forward-looking
information and a description of risk factors that may cause actual
results to differ materially from forward-looking information can
be found in the Company's disclosure documents on the SEDAR website
at www.sedar.com. The Company does not undertake to update any
forward-looking information except in accordance with applicable
securities laws.
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