Western Canadian Coal Receives 2.0 Mtpa Mine Permit for Brule Mineadmin
Western Canadian Coal Corp. is pleased to announce that it has received the Mine Permit from the British Columbia Ministry of Energy, Mines and Petroleum Resources to allow for production of up to 2.0 million tonnes per annum of ultra low volatile pulverized coal injection (“ULV-PCI”) coal at the Brule Mine. The Company received an Environmental Assessment Certificate for the Brule Mine from the British Columbia Environmental Assessment Office in July 2006. The Brule Mine is located adjacent to the Company’s Dillon Mine within the Company’s Burnt River coal property and is approximately 45 kilometers south by road from the CNR mainline located near Chetwynd, B.C.
The Company is initially developing the Brule Mine in a manner similar to its operations at the Dillon Mine, where the reserve is now fully depleted. The Brule Mine will provide continuity of ULV-PCI coal to the Company’s ULV-PCI customers. ULV-PCI coal from the Burnt River property is ranked as a premium PCI coal and has been sold to major steel mills in China, Japan, Korea, Taiwan and Europe. The first vessel taking ULV-PCI coal from the Brule Mine is expected to depart Ridley Terminals at Prince Rupert later this month.
This release may contain forward-looking statements that may involve risks and uncertainties. Such statements relate to the Company’s expectations, intentions, plans and beliefs. As a result, actual future events or results could differ materially from those suggested by the forward-looking statements. Readers are referred to the documents filed by the Company on SEDAR. Such risk factors include, but are not limited to, changes in commodity prices; strengths of various economies; the effects of competition and pricing pressures; the oversupply of, or lack of demand for, the Company’s products; currency and interest rate fluctuations; various events which could disrupt operations; the Company’s ability to obtain additional funding on favourable terms, if at all; and the Company’s ability to anticipate and manage the foregoing factors and risks. Additionally, statements related to the quantity or magnitude of coal deposits are deemed to be forward-looking statements. The reliability of such information is affected by, among other things, uncertainties involving geology of coal deposits; uncertainties of estimates of their size or composition; uncertainties of projections related to costs of production; the possibilities in delays in mining activities; changes in plans with respect to exploration, development projects or capital expenditures; and various other risks including those related to health, safety and environmental matters.
WESTERN CANADIAN COAL CORP. “Gary K. Livingstone”
President and Chief Executive Officer
For further information
Gary K. Livingstone, President & CEO or Fausto Taddei, CFO & Corporate Secretary, Western Canadian Coal Corp., 900 – 580 Hornby Street, Vancouver, B.C. V6C 3B6, CANADA, Phone (604) 608-2692, Fax (604) 629-0075, Email email@example.com, www.westerncoal.com
Source: Western Canadian Coal Corp.