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