Friday, 30 Sep 2011
California based coal mining company Colombia Clean Power & Fuels, Inc will take over operation of a working coal mine at Ruku in Colombia on first of October and expects to put a second larger mine into operation within the next quarter or two to be known as Otanche.
The company newly appointed CEO Mr Ron Stovash said that Colombia offers a great opportunity for the metallurgical market which is robust and will continue to be. Colombia has an estimated 2 billion tonnes of met coal reserves and the country's total annual production is currently only about 3 million tonnes.
(sourced from Steel Orbis)
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