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Proposed #14 Mine

In 2004, MAXIM’s wholly owned subsidiary Milner Power acquired three crown coal leases on the southern portion of Grande Mountain in Grande Cache, Alberta, as part of its purchase of the H.R. Milner Generating Station.

Coal reserves are estimated to be 13 million tonnes of metallurgical coal. At proposed production levels of 480,000 tonnes per year, the projected project life is approximately 27 years.

The coal from the proposed #14 Mine provides an excellent source of thermal fuel to generate electricity at the existing H.R. generating station as well as support a potential new generating station at the existing site. Milner Power also wishes to retain the right to sell coal on the international metallurgical coal market, if future pricing returns to recent historical highs.

During construction, approximately 200 contactors and employees will be required. During operations, the mine will require about 40 operational, professional, administrative and maintenance staff.

For more information, view Milner Power's website.