VSUT News - Wednesday, December 19 2012 8:2
Post# of 579
VSUT News -
Wednesday, December 19 2012 8:20 AM, EST VSUS Technologies Inc. Announces Registration of a Works Programme (PTO) with the National Mining Agency in Colombia for their wholly owned La Tabaquera Metallurgical Coal Mine. GlobeNewswire "Press Releases"
Bogota ', Dec. 19, 2012 (GLOBE NEWSWIRE) -- VSUS Technologies Inc. (OTCQB: VSUT) ("VSUS" or the "Company") announced today that on December 13, 2012 they registered a PTO (Programa de Trabajo y Obras), or Works Programme with theAgencia Nacional de Mineria of Colombia forits wholly owned coal Concession Contract # ILE-09551. The registered document number is 2012-14-11180.The National Mining Agencynormallyapproves the PTOwithin 30 - 60 days.
VSUS Technologies President, John Campo , commented, "Registering 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 along with the Environmental Plan." 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 total of4.5 Million tonnes of coal, and two are 160 cm thick with an estimated total of10 Million tonnes of mostly metallurgicalcoal.
An Environmental Management Plan (PMA)is also required to begin production. VSUS Technologies is developing it's Environmental Impact Assessment (EIA) and expects to fileitsoon. A letter from the company's engineering firm, Incoplan S.A. , was filed with the CAR (CorporacinAutnoma Regional) in Guaduas, Cundinamarca on December 11, 2012 outlining the contents