EastCoal Inc.: Wash Plant Construction Complete
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/04/12 -- EastCoal Inc. (TSX VENTURE: ECX) (the "Company" or "EastCoal") is pleased to announce that the construction of the new wash plant at the Menzhinsky Coal Mine in Ukraine ("Menzhinsky Mine") is complete and that the commissioning of the plant has commenced. The commissioning is expected to last a few days, following which, the Company will ramp up production to full capacity over the next few weeks.
The plant is designed to process 400 tonnes of waste material an hour and is anticipated to produce 18,000 tonnes of saleable coal per month.
The Chairman of EastCoal, Mr. John Byrne, commented:
"This is a major milestone for the Company to achieve and I am very happy with the work and commitment of those involved in making it a reality. As we process material over the coming weeks through the plant, we will be better able to assess the potential of the tip and its ability to generate cash for the Company."
By Order of the Board,
John Byrne, Chairman
About EastCoal Inc.
EastCoal Inc. is currently producing coking coal from its 100% owned Menzhinsky mine and developing its 100% owned Verticalnaya anthracite mine.
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking information. These and all subsequent written and oral forward-looking information are based on estimates and opinions on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, EastCoal assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change. Completion of the transaction described herein will be subject to numerous conditions, including the negotiation and execution of definitive agreements. There can be no assurance that the transaction will be completed as proposed or at all.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
EastCoal Inc.
Abraham Jonker
President
(604) 681-8069
EastCoal Inc.
George Lawton
CFO
(604) 681-8069
(604) 685-4675 (FAX)
www.eastcoal.ca