Colombia-based coal mining company Colombia Clean Power & Fuels, Inc. announced Tuesday that it has acquired metallurgical coal properties totaling 8,100 acres (32.8 million square meters) near Otanche in the Boyaca district.
Graham Chapman, the Company's COO said, "The Otanche acquisition is a major milestone in our coal prospect acquisition strategy in Colombia. More importantly, with an approved mining plan and two exploratory drills on location, Otanche represents an opportunity for us to move rapidly to prove reserves and commence commercial operations."