This acquisition would place New Century Coal as a leader in the Blue Gem market.
Johnson City, TN (PRWEB) July 12, 2012
The Chief Operating Officer of New Century Coal, Mr. Hankins, is taking steps to put together a lease block of 25,000 acres and 15 million tons of Blue Gem Coal in a buyout attempt from an undisclosed company. Mr. Hankins has a background in leasing and minerals in the coal industry. This acquisition would place New Century Coal as a leader in the Blue Gem market.
New Century Coal, Inc., founded in 2006, is a junior mining company headquartered in Johnson City, TN. Their area of concentration is in the Appalachian Basin. The company's primary focus is expanding its coal prospecting, leasing and mine production.
New Century's coal is exported to countries as far as Korea, Poland and China for sale. Their team has the experience and intellectual property from more than 100 years of experience working within the coal industry. They are also one of the largest reserve holders of Blue Gem coal with over 10 million tons of reserves in place. They currently have or participate in over 100,000 gross acres of coal leases.
By Shell Media LLC
SOURCE newcenturycoal.com, New Century Coal rep.