Business
PACIFIC COAL ANNOUNCES OPERATIONAL UPDATE
Jul. 6, 2011 (Canada NewsWire Group) -- TORONTO, July 6, 2011 /CNW/ - Pacific Coal Resources ...
About this update from Canter Resources Corp
[{"type":"text","content":"\n\n\n Jul. 6, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, July 6, 2011 /CNW/ - Pacific Coal Resources Ltd. (TSX-V: PAK)\n announced today an operational update on its producing mines, La Caypa\n and Cerro Largo - La Divisa.\n\n\nLuis Carvajales, Chief Executive Officer of Pacific Coal, commented: "We\n are very pleased with the second quarter production results at our La\n Caypa mine, which show that our production and strip ratio are slightly\n ahead of management estimates. In the second quarter, we focused our\n efforts and resources to support the implementation of the integrated\n mine plan at Cerro Largo, which involved significant waste rock\n removal. We look forward to increased production and substantially\n lower strip ratios in the next quarter."\n\n\nCurrent production at La Caypa \n\n\n\n\n\n\n\nPeriod\n\n\nProduction\n(metric tonnes)\n\n\nWaste (bcm)\n\n\nStrip Ratio\n\n\n\n\nQ2\n\n\n292,673\n\n\n2,100,031\n\n\n7.18:1\n\n\n\n\nYear to date\n\n\n654,444\n\n\n4,670,368\n\n\n7.14:1\n\n\n\n\nThe second quarter production at La Caypa represents an annualized rate\n of over 1.3 million tonnes vs. management's projection of 1.2 million\n tonnes.  The second quarter strip ratio of 7.2:1 vs. management's\n estimate of 9.6:1 represents an approximate improvement of 25% and\n accounts for the Company's year-to-date cost efficiencies.\n\n\nCurrent production at Cerro Largo - La Divisa \n\n\n\n\n\n\n\nPeriod\n\n\nProduction\n(metric tonnes)\n\n\nW...