The Company's mine characteristics, integrated mining operations and geographic locations enable it to produce coal efficiently. The favorable geographic locations of the Company's mines, which are close to the coastline with a pit to barging port distance of between 10-50 km, allow the Company to reduce haulage and transportation costs. Proximity to the Company's own barge loading facilities and the Company's effective control of the coal supply chain from mine to transportation to customers, have increased the Company's ability to better control costs, reduce working capital needs and increase its flexibility and reliability in coal production, sales and delivery.



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