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NEW CENTURY COAL CHEATS INVESTORS OUT OF 15 MILLION
It's a sad time in Kentucky and the country for a hundred and sixty investors who were bilked out of 15 million.
These scum bag swindlers need to be jailed and get it up the back side everyday for the rest of their lives.
Investors put up as little as $34,000 and one chipped in 2 million according to a press release by
Becky Campbell Senior Reporter for the Johnson City Press - see her story at:
Becky's story was one of the first stories I found on the net, she does a great job reporting.
I have also found other stories now on the net, but I think Becky was the first.
Investors were lured in by the Blue Gem Coal Seam that is in high demand and found mostly in Southeastern Kentucky.
While most of the steam coal market and the coal companies are being shut down by the Obama Policies and EPA the Blue Gem is still
in high demand because of it's specialty ingredients. I first heard of New Century Coal when I saw one of their signs on an abandoned
mine site on the road I live on. The site was leased by middle men and they subleased first to Alden Resources a Globe Company
that is a big producer of the Blue Gem Coal Seam. It turned out this site had only high sulfur Blue Gem which is basically worthless in the
specialty Blue Gem Coal Market. Alden pulled out of this project and the New Century Bunch added this along with several other small
subleases to their portfolio to lure investors. Early on they put up a website showing several projects and claiming they had
5 million tons of Blue Gem tied up. From the very first time I saw their website I knew they were full of crap and up to no good.
A lot of the properties they had listed I had already prospected near by and had also tried to deal with the original middlemen who
subleased the coal. Ultimately they subleased to Denali Energy another very small player and the ones who subleased to New Century Coal.
New Century did get one permit under Blue Gem Mining just a few miles from my home. They actually started the mine up but to
my knowledge they never mined one block of Blue Gem. I understand that they did have a pit uncovered but the mine was shut down last week.
They left still owing the miners over two weeks wages, and I'd say a lot of vendors will loose as well. This deal is bad for all of us, as it gives us all a
black eye, even if we are the good guys. So You see I live in the heart of the Blue Gem Country
and have worked for over thirty five years for various companies mining the Blue Gem. In the early days most of the Blue Gem went on the
steam market as the specialty market did not get developed until the last few years. 15 million is only a drop in the bucket to set up a
Blue Gem Mining Operation, it takes a lot more money and expertise and industry knowledge to even be a player. Mountainside Coal
Company a White Energy Company is one of the largest companies that are developing mining plans for the Blue Gem. Small companies
simply don't have the resources or infrastructure to begin mining. Sure there are a few small producers but they mine very little and don't
last long. They are like a row boat going against a battle ship. If you can't run with the big dogs you best stay on the porch because the Blue
Gem Industry is a BIG DOG INDUSTRY.
KEEP YOUR MONEY IN YOUR POCKET OR RUN WITH BIG DOGS.
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My hero name: Lady Life Grows
My legal name: Esther M. Cook
I am a biological scientist. I have been angry for years
at the lies told about fossil fuels and their most beneficial
product--carbon dioxide. Energy is the second most beneficial
product, but carbon dioxide has done even more to extend our
lifespans and provide food. Recently, I did a literature search to
find out what results have been gotten on animals similar to the
thousands of studies proving the obvious--carbon dioxide increase
causes increased plant growth. The average rodent burrow has 50
times the CO2 present in air, and chicken eggs hatch faster in
50X enriched CO2 as well. Preemie human babies are often
incubated with 7% CO2 so their lungs mature faster.
If the fuss were really about the environment, not tax and control,
then there would be hundreds of studies on terrestrial vertebrates.
I want to build a list of people interested in promoting coal, so I will
send a free report, Slash Your Job Search Time in Half to anybody
who requests it at email@example.com
LOOKING FOR PERMITTED OR NOT, MINES FOR SALE
LOW SULFUR COAL, EAST KENTUCKY
HAVE BUYERS CONTACT:firstname.lastname@example.org
Why Be A Coal Miner , I Can Only Imagine.
ANATOMY OF THE BLUE GEM COAL SEAM
HOW MUCH IS THE BLUE GEM WORTH?
THE SPECIALTY MARKET FOR BLUE GEM IS WHERE THE VALUE IS.
IF THE SEAM MEETS CERTAIN SPECS SUCH AS LOW ASH, LOW SULFUR BELOW 1%, LOW IRON CONTENT THEN THE BLUE GEM IS TOP DOLLAR COAL.
OTHER SPECIALTY MARKETS MAY HAVE OTHER SPECIFICATIONS, IN ANY CASE BLUE GEM COAL IS THE CREME OF THE CROP.
EVERYONE AND THEIR MOTHER IS AFTER THE BLUE GEM, THERE ARE ONLY A FEW PLAYERS THAT CAN MINE THE COAL AND MEET THE SPECIFICATIONS
NEEDED TO MEET THE SPECIALTY MARKET.
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