KNOXVILLE, TENNESSEE -- (Marketwired) -- 07/01/13 -- Xinergy Ltd. (TSX: XRG) ("Xinergy" or the "Company"), a Central Appalachian coal producer, today announced that the Clearco preparation plant and rail loading facility at its South Fork mine in Greenbrier County, WV has been completed and is ready for operation. South Fork's premium quality mid-vol coking coal operations are anticipated to produce at an average rate of 50,000 tons per month during the second half of 2013, representing approximately half of the complex's anticipated productive capacity.
Bernie Mason, Xinergy's President, stated "Notwithstanding the challenging market conditions, we are extremely excited to report that we have completed construction of our South Fork infrastructure project on time, and within budget. We will continue to focus on driving shareholder value by executing upon our strategic vision of building out our premium quality mid-vol coking coal footprint in West Virginia."
As previously reported, Xinergy will host an Investor day at South Fork on July 10, 2013 during which investors will be provided an opportunity to meet with management at our South Fork mine. For additional information about our Investor Day, please contact Bobby Gaylor, SVP of Investor Relations, at (865) 474-7004.
About Xinergy Ltd.
Headquartered in Knoxville, Tennessee, Xinergy Ltd., through its wholly owned subsidiary Xinergy Corp. and its subsidiaries, is engaged in coal mining in West Virginia and Virginia. Xinergy sells high quality metallurgical and thermal coal to electric utilities, steelmakers, energy trading firms and industrial companies. For more information, please visit www.xinergycorp.com.
Michael R. Castle
Most Popular Stories
- Chobani Counters Competition With Expanded Lineup
- Reid: Bundy Backers Are 'Domestic Terrorists'
- Ex-BP Employee Settles Insider Trading Charges
- Venture Investments in U.S. Highest Since 2001
- Colo. Cleantech Program Calls for Entrepreneurs
- Hiring Fair for Veterans, Job Seekers
- Unemployment Rates Down, Job Gains Up in March
- Recordings Reveal a Not-So-Nice Martinez: Editorial
- VW Beetle Marks 65th Year in U.S.
- The Biebs Crashes Drake's Release Party