TORONTO, April 2, 2012 /CNW/ - Cline Mining Corporation (TSX: CMK) ("Cline" or the "Company") is pleased to report that effective on May 1, 2012, New Elk's senior management shall take full management control of all mining operations at the New Elk coal mine in Trinidad, Colorado. It is anticipated there will be no changes with respect to the status or security of our valued miners and mine staff, all of whom are expected to remain and continue in place on the New Elk team with no changes in their personal employment terms or arrangements.
The responsibility for the mining operations for the opening and initial development of the mine was provided by TK Mining Services, LLC ("TK"), under a mining services agreement. The Company expresses its thanks to TK for its contribution to the mine project, including the provision of experienced coal miners and for the development and training of new miners from our mine city of Trinidad, in southern Colorado.
About Cline: Cline's metallurgical coal mine property is located in Las Animas County, near Trinidad, Colorado, U.S.A. with NI 43-101 compliant independent Technical Reports. Cline Mining Corporation is a mine development company focused on the exploration and development of metallurgical steel making coals in the U.S., iron ore in Madagascar and gold from its the Cline Lake Gold Mine Property in northern Ontario, Canada.
CLINE MINING CORPORATION
Ken Bates, President and Chief Executive Officer
This news release contains forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities laws). These risks and uncertainties include, among other things, the Company's need for additional funding to continue its exploration efforts, changes in general economic, market and business conditions, and competition for, among other things, capital and skilled personnel. These statements are not a guarantee of future performance and undue reliance should not be placed on them. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable laws. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings.
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