Market Alert - Coal Producing Company Reaches Major Milestone for Metallurgical Coal Production Operations in Colombia

Informations

• Publié par: FinancialNewsMedia.com
• Nombre de lectures: 20
• Langue: English

Extrait

Market Alert - Coal Producing Company Reaches Major Milestone for Metallurgical Coal Production Operations in Colombia

PR Newswire

CORAL SPRINGS, Florida, December 19, 2012

CORAL SPRINGS, Florida, December 19, 2012 /PRNewswire/ --

FinancialNewsMedia.com "Active Coal Producing Companies Watch" for today:  VSUS Technologies, Inc. (OTC:VSUT), Walter Energy, Inc. (NYSE:WLT), Peabody Energy Corp. (NYSE:BTU), CONSOL Energy Inc. (NYSE:CNX)

Headline News: VSUS Technologies, Inc. (OTC:VSUT) reaches a Major Milestone by filing a Colombian PTO that will make the mining permit effective allowing VSUT to begin production once approved.  

VSUS Technologies Inc. announced today that on December 13, 2012 they registered a PTO (Programa de Trabajo y Obras), or Works Programme with the Colombian Institute of Geology and Mining (INGEOMINAS) for its wholly owned coal Concession Contract # ILE-09551.  The registered document number is 2012-14-11180.  INGEOMINAS normally returns comments or approval within 30 - 60 days.

Stay informed on VSUS Technologies, Inc. developments by getting news alerts & updates delivered directly to your mobile phone by texting VSUT to 545454 from your cellular device or visit http://vsus.mobi for more details.

VSUS Technologies President, John Campo, commented, "Filing the PTO is a major milestone for our company since it makes our mining permit effective and allows us to begin production once it's approved."  The Works Programme is a 208 page document that includes, among other things, geology, topography, reserve estimates, exploration activities, and a detailed mining design along with 9 geological maps and two timelines.  This programme will be available to registered users on the company's new website being developed.

The programme identifies 5 coal seams; 3 are 80 cm thick with an estimated 4.5 MM tonnes of coal, and two are 160 cm thick with an estimated 10 MM tonnes of coal.  

An Environmental Impact Assessment (EIA) is also required to begin production.  VSUS Technologies expects to file an Environmental Impact Assessment soon.  A letter from the company's engineering firm, Incoplan S.A., was filed with the CAR (Corporación Autónoma Regional) in Guaduas, Cundinamarca on December 11, 2012 outlining the contents of the Environmental Impact Assessment for Concession Contract ILE-09551.

Read the entire press release along with full companies disclosures by going here: http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=233

VSUT closed up 50% on Tuesday (12/18/12) at $0.012 price per share.  As operations and developments continue for VSUS Technologies, Inc, traders should be closely monitoring this emerging coal production company.  For more information on VSUT visit their website at http://www.vsustechnologies.com  

For mining value in coal, other active coal production companies to watch are:

Walter Energy, Inc. (NYSE: WLT) is the world's leading, publicly traded "pure-play" metallurgical coal producer for global industry with strategic access to high-growth steel markets in Asia, South America and Europe. The Company also produces thermal coal, anthracite, metallurgical coke and coal bed methane gas. Walter Energy is a pure metallurgic coal play, and recent rumors suggest that the company may be an acquisition target of BHP Billiton (BHP). BHP, which likely has a more significant interest in a metallurgic play than a thermal play, will certainly benefit from the movement in China.  WLT closed up 0.78% on Tuesday (12/18/12) at $36.22 on 2.16Million shares traded.

Peabody Energy Corp. (NYSE:BTU) recently provided comments on factors affecting first quarter and selected full year 2013 targets, following initial first quarter seaborne metallurgical coal pricing settlements. Compared with average quarterly year-to-date 2012 levels, first quarter 2013 results are expected to be impacted by:  An increase in Australian unit costs of approximately 10 percent. Several factors will affect first quarter targets, including the timing of additional overburden removal at the Eaglefield and Wilpinjong mines that impacts both production and costs; startup costs associated with the transition to owner-operator status at the Wilpinjong and Millennium mines; and a larger proportion of higher-cost metallurgical coal.  The company expects the first quarter to mark trough earnings, with results expected to increase as the year proceeds based on improving Australian production and margins.  BTU closed up 2.78% on Tuesday (12/18/12) at $27.37 on 5.45Million shares traded.

CONSOL Energy Inc. (NYSE:CNX) is a Pittsburgh-based producer of coal and natural gas. It has 12 bituminous coal mining complexes in four states and reports proven and probable coal reserves of 4.5 billion tons. The company's premium Appalachian coals are sold worldwide to electricity generators and steelmakers.  The Board of Directors for CNX recently accelerated the declaration and payment of the regular quarterly dividend. The Board declared a regular quarterly dividend of $0.125 per share, payable on December 28, 2012, to shareholders of record on December 21, 2012.  

Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com.  You can also get breaking news first with our FREE SMS Text Alerts formatted specially for mobile phones by texting STOCK to 545454 from your cellular device.  (SMS alerts are free; however standard message & data rates may apply. Check with your carrier for more details.)

Follow us on Facebook:  http://www.facebook.com/financialnewsmedia and Twitter: http://twitter.com/FNMgroup

If you're a company interested in having FN Media Group assist you with creating a greater awareness for your next news release utilizing our multi-media and leading edge investor outreach solutions, contact us now at [e-mail] or visit us at http://www.financialnewsmedia.com.

DISCLAIMER:  FN Media Group LLC (FNMG), a third party publisher and news dissemination service provider, owns and operates FinancialNewsMedia.com (FNM) which disseminates electronic information through multiple online media channels.  FNMG's intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires.  FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  The companies that are discussed in this release may or may not have approved the statements made in this release.  Information in this release is derived from a variety of sources that may or may not include the referenced company's publicly disseminated information.  The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained.  While this information is believed to be reliable, such reliability cannot be guaranteed.  FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors.  It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies.  Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.

To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release.  For disseminating this release, FNMG was not compensated on behalf any company named herein.  FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE AND WAS NOT COMPENSATED BY ON OTHER COMPANY INCLUDED HEREIN.  

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Contact Information:
Company:  FinancialNewsMedia.com
Contact email: [e-mail]
U.S. Phone: [phone]
U.K. Phone: [phone]
URL: http://www.financialnewsmedia.com