VANCOUVER, BC PINE VALLEY MINING CORP. has concluded sales negotiations for the sale of 435,000 tonnes of its pulverized coal injection product for the period September 2004 to March 31, 2005, with customers who represent a number of the premier steel producers in Asia and Europe. The weighted average price for the PCI coal to be sold under these contracts is US$52.11/tonne. The company is also continuing negotiations to complete sales of approximately 225,000 additional tonnes, representing production that it expects to have available for sale in the period from January 2005 through March 31, 2005.
Pine Valley’s Willow Creek coal mine commenced commercial-scale coal production on July 30, 2004. Coal production is proceeding, and site preparation, engineering design, equipment procurement, and construction of facilities to increase production continue as planned.
More detailed information on Pine Valley and the Willow Creek coal mine is available at www.pinevalleycoal.com.