Coalcorp Mining receives approval to increase production at La Francis mine in Colombia

摘要

Coalcorp Mining has obtained rights to explore five additional coal properties in Colombia as well as obtaining an environmental permit for large scale mining at its La Francis mine. The concessions are all in the Cesar region near the La Francis mine and Drummond's La Loma mine. The five concessions include: 100 percent interest in the 3,377 hectare Michoacan property for 1.55 million dollars, a 1.00 dollars/ tonne royalty plus 1.50 dollars/tonne of measured resource and 1.00 dollars/tonne for indicated resources upon completion of a 12-month exploration program,