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88娱乐城
Quest subsidiary Gwenco shipped 3500t clean in September priced at $67 per ton.
鈥淒uring September, we were able to operate without any significant delays or stoppages, which allowed us to achieve these revenue results,鈥� Quest president Eugene Chiaramonte Jr said.
鈥淔urthermore, as the month progressed and we advanced further in the mine, we encountered thicker coal seams, which resulted in improved rates of recovery throughout the month. If we are able to continue operating as we have been, without any significant delays or mining stoppages, we anticipate that our recovery rates will continue to improve as the seams get thicker.鈥�
The company鈥檚 expectations for the Pond Creek mine remain at 20,000t monthly with a recovery rate of 50% or more, an attainable goal given its September performance.
鈥淲e continue to believe that demand for coal, both in the United States and abroad, is rebounding and getting stronger, with US and Asian steel producers continuing to show positive signs," Chiaramonte said.
Earlier this month a bankruptcy court judge finalized Gwenco鈥檚 Plan of Reorganization, allowing its emergence from Chapter 11.
Quest began renovation work on the Cedar Grove and Pond Creek operations in 2008, and has retained Whitestar as the contract miner for its operations.
