TORONTO, March 5, 2012 - Royal Coal Corp. ("Royal Coal" or the "Company") (TSX VENTURE: RDA) (FRANKFURT: RLC), a US Central Appalachian producer of high BTU, low sulphur thermal coal, announces that it continues to use every effort to reduce expenditures, seek additional capital and restructure or refinance its indebtedness, including decreasing its workforce and idling production at its Big Branch Mine. In addition to seeking to reduce its debt obligations, the Company is revising its mine plan with the goal of reaching sustainable profitable operations at its Big Branch Mine and phasing in additional production at the Big Branch Mine extension and the Sid Mine over time, with a view to bringing production more in line with committed sales.
About Royal Coal
Royal Coal is a coal exploration and production company, headquartered in Toronto, Ontario, Canada with a regional office in Hazard, Kentucky, U.S.A. whose primary business focus is developing producing surface coal mining operations in the Central Appalachian coal producing region of the United States, which includes parts of West Virginia, Virginia, Kentucky, Ohio, and Tennessee.
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TORONTO, March 5, 2012 - Royal Coal Corp. ("Royal Coal" or the "Company") (TSX VENTURE: RDA) (FRANKFURT: RLC), a US Central Appalachian producer of high BTU, low sulphur thermal coal, announces that it continues to use every effort to reduce expenditures, seek additional capital and restructure or refinance its indebtedness, including decreasing its workforce and idling production at its Big Branch Mine. In addition to seeking to reduce its debt obligations, the Company is revising its mine plan with the goal of reaching sustainable profitable operations at its Big Branch Mine and phasing in additional production at the Big Branch Mine extension and the Sid Mine over time, with a view to bringing production more in line with committed sales.
