AIM Exploration Positioned Well for Profitability as Anthracite Coal Prices Surge
HENDERSON, NV, September 29, 2016 (Newswire.com) - AIM Exploration (OTC: AEXE) CRU, an independent authority states that Metallurgical coal has been the star-performing commodity of the year so far. The premium hard coking coal (anthracite) spot prices are surging upwards and reaching $163/t, up 108% since the start of the year and the highest level since February 2013.
What this means to AIM Exploration Inc. is that the anthracite coal AIM has in their Peruvian concessions is even more attractive. With the infrastructure in place, AIM is getting geared up to begin. This includes extraction through the local miners, transportation on roads that are capable of handling the coal, and the Port of Salaverry is ready willing and able to handle the requirements.
J.R. (Bob) Todhunter, President & CEO states, “AIM is well positioned to capitalize on this strong value and this should prove to be a very profitable”. Todhunter further went on to say, “AIM is close now to completing the marketing joint venture in Dubai with Prina Energy of India and it is anticipated formal Purchase Orders will be forthcoming,
Also, an update on our website has been made and emphasizes this coal project as the flagship project, it should be highly noted regarding the infrastructure to 'bring to port' for coal. We have the infrastructure such as roads, bridges, equipment, and payload Gross weight allowable transport such as loader trucks with transport capability to support 25-tons. The road to Otuzco is well maintained supporting 25-ton trucks. This will facilitate smooth hauling of coal to the port."
We welcome our audience to view our website. http://aimexploration.com/peru-operations-plan
And we also welcome people to follow our twitter feed at www.twitter.com/aexeqb which has 1500 followers and growing. "This gives us an indication that clean energy is a global concern and enforces our belief that is why we need to carry out our objective of mining clean high BTU anthracite coal," says J.R. (Bob) Todhunter.
About AIM Exploration: The Company is an anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. Putting this into perspective, 1,000 hectares is 3 times the size of Central Park. We have expertise in business, mining, and legal with our distinguished board of directors. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (OTC: AEXE).
Forward-Looking Statements Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. the Company is not basing its production on a feasibility study of mineral reserves that has demonstrated economic and technical viability. Also, please provide additional disclosure of the increased uncertainty and the specific economic and Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact: info@aimexploration.com
Twitter: www.twitter.com/aexeqb or @aexeqb
Website: www.aimexploration.com
AIM Exploration Inc.
J.R. (Bob) Todhunter
Source: AIM Exploration
Related Media
