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Post# of 98056
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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.
The Company expects approval in the next 30-60 days.
Bogota', Dec 19, 2012 (GLOBE NEWSWIRE via COMTEX) -- 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 the Agencia Nacional de Mineria of Colombia for its wholly owned coal Concession Contract # ILE-09551. The registered document number is 2012-14-11180. The National Mining Agency normally approves the PTO within 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 of 4.5 Million tonnes of coal, and two are 160 cm thick with an estimated total of 10 Million tonnes of mostly metallurgical coal.
An Environmental Management Plan (PMA) is also required to begin production. VSUS Technologies is developing it's Environmental Impact Assessment (EIA) and expects to file it 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. Once the Environmental Management Plan (PMA) and the Works Program (PTO) are approved we will begin our mining operations in Guaduas, Colombia.
About VSUS Technologies Inc.
VSUS Technologies Inc. is focused on the acquisition and development of high-quality metallurgical coal properties in the Republic of Colombia. They own 100% of La Tabaquera mine in Colombia with an estimated 14- 17 MM tonnes of reserves, 70% metallurgical and 30% thermal coal. Once the necessary financing is obtained, the Company plans to have three revenue producing business units in Colombia: coal mining, coking oven facilities, docks, river, and rail transportation to export terminals in Colombia. The Company is also exploring allegiances with U.S. universities to study capturing Coal Bed Methane (CBM) in Colombia. For more information on the Company visit their website at www.vsustechnologies.com