Two Year Suspension of Mining Requests for Exploration Lifted in Colombia

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Jul 11, 2013, 09:20 ET

CORAL SPRINGS, Florida, July 11, 2013 /PRNewswire/ --

FinancialNewsMedia.com issues market news updates for today's active mining companies: New Colombia Resources, Inc. (OTCQB: NEWC), AngloGold Ashanti (NYSE: AU), BHP Billiton (NYSE: BHP), Peabody Energy Corp. (NYSE: BTU) and Cliffs Natural Resources Inc. (NYSE: CLF)

New Colombia Resources, Inc. (NEWC) has submitted an application for an additional 148Ha through ANM's new platform for Colombian project. The company has received an application number and is hopeful to acquire more high-quality metallurgical coal properties to add to its portfolio, which already includes 100 percent of La Tabaquera coal mine. Large-scale miners with operations and projects in Colombia include Anglo American, AngloGold Ashanti (NYSE: AU), BHP Billiton (NYSE: BHP), Cerro Matoso, Colombian Natural Resources, Drummond, and many others. New Colombia Resources is focused on the acquisition and development of high-quality metallurgical coal properties in the Republic of Colombia. NEWC owns 100% of La Tabaquera coal mine in Guaduas, Colombia with an estimated 15- 17 MM tonnes of reserves, 70% metallurgical and 30% thermal coal. Read more about the concession applications here http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=286

Additional Mining Companies with Operations in Latin America: Peabody Energy Corp (BTU) will announce the results for the quarter ended June 30, 2013. A conference call with management is scheduled for 10 a.m. CDT on Tuesday, July 23, 2013. Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries on six continents.

Cliffs Natural Resources Inc. (CLF) announced this week that Joseph Carrabba has informed the Board of Directors of his plans to retire as the Company's president and chief executive officer by Dec. 31, 2013. James Kirsch, who currently serves on Cliffs' Board as lead director, has been elected non-executive chairman of the Board, effectively immediately, replacing Mr. Carrabba as chairman. Cliffs Natural Resources Inc. is an international mining and natural resources company. A member of the S&P 500 Index, the Company is a major global iron ore producer and a significant producer of high- and low-volatile metallurgical coal.

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