AM Resources Corporation takes immense pleasure in announcing that it has begun to invest in its coal production equipment and installations at its Mina Luz property in Colombia.
Recently, AM has bought a truck and a tractor and has also set up a truck scale and coal loader. Furthermore, it has started to strengthen the tunnels entryways and structures.
Presently, the Corporation produces approximately 1000 tonnes of coal per month and buys an extra 2000 tonnes each month from subcontractors for resale. For the next 12 months, the aim is to raise Mina Luz production to 3,000 tonnes per month.
The modernization of our operations and reinforcement of our mining infrastructure is essential for the safety of our miners, a top priority for us, and should have a positive impact on our results. This investment in Mina Luz is part of our growth and sustainability strategy. We also plan to do the same type of improvements at our other projects.
Dominic Voyer, President and CEO, AM Resources
Pierre O’Dowd, P. Geo., the Corporation’s qualified person under National Instrument 43-101 has reviewed and approved the technical and scientific content of this press release.