MARKETS

NAG now selling, shipping from No. 2 mine

CANADIAN producer North American Gem announced this week that it has commenced sales and shipping...

Donna Schmidt
NAG now selling, shipping from No. 2 mine

Kentucky Mine Partners is performing operations at the complex in Knox County.

Earlier this month the company announced production commencement from the No. 2 mine, where it is extracting from the Blue Gem and Jellico seams.

Initial estimates from the Blue Gem and Jellico seams total 8,000-10,000 tons per month combined.

"NAG is looking forward to increasing production at the North American Gem No. 2 mine as well as commencing operations of additional projects," company president Charles Desjardins said.

"This includes the North American Gem Processing Facility [which] has equipment in place that is capable of crushing and screening coal. We will have the ability to purchase outside coal to produce custom blended products for customers, which will increase market potential.”

NAG plans to service the industrial stoker markets, as well as silicon metal producers and electricity generators with the output.

The highest-priced coal grade in the US, Blue Gem coal’s value is about 200% higher than high-quality steam coal.

In addition to coal production, NAG also has interests in molybdenum and other base metals in Canada.

It is currently seeking to sell or establish a joint venture for its Louise Lake copper property.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets