This is versus first quarter revenues of $US12.6 million based on approximately 226,000t sold.
“We’ve shown a strong track record of quarterly growth and that continues with our performances this past quarter,” said National Coal chairman Jon Nix.
“The improvements we’re making at the Baldwin facility are going to help us continue increasing production there and throughout our Tennessee operations.”
Nix, speaking of the company’s July purchase of a permitted mine, preparation facility, haul road and other various items in Devonia, Tennessee, said, “recent improvements like this, coupled with the operational improvements we made over the last year, are illustrations of our corporate focus on continually addressing our operational efficiencies”
Knoxville, Tennessee-based National Coal acquired the facility through its assumption of the seller’s outstanding reclamation bond obligations equaling about $US1 million. The company reported coal sales of 300,000t in 2004 with total revenues for the year of $US17 million.
