Materials & Mining Sectors Producing Synergistic Opportunities - NEWC Receives Intent To Purchase for $675,000 Per Month in Potential Revenues
CORAL SPRINGS, Florida, June 5, 2014 /PRNewswire/ --
Mining & Materials Companies take steps to expand operations through acquisitions of assets, explore resources and structural changes internally: New Colombia Resources, Inc. (OTC: NEWC), CEMEX, S.A.B. de C.V. (NYSE: CX), Eagle Materials Inc. (NYSE: EXP), Peabody Energy Corp. (NYSE: BTU) and Arch Coal Inc. (NYSE: ACI)
New Colombia Resources, Inc. (OTCQB: NEWC), a U.S. company with coal and other resource assets in Colombia, is pleased to announce they have received an intent to purchase up to 600 m3 per day of aggregates from their mine. If accepted by New Colombia Resources, the company will enter a formal contract. This intent to purchase is for at least $ 675,000 or more per month depending on the lab results of the material. The approximate price for gravel in Bogota is US$ 45/m3 and $ 60/m3 for shale. The company has mountains of these building materials
New Colombia Resources is focused on bringing their coal mining operations online while taking advantage of the high demand for aggregates which are abundant on their mining title in Colombia. They have been in negotiations with several interested buyers for raw building materials and will make a decision on the final buyer when the test results of the aggregates are finalized by the laboratory doing the analysis. The Company feels they are in a dominant position since rock quarries in and around Bogota have been closed by the environmental authorities limiting supply, increasing prices, and availing rock mining equipment. The company's goal is to sell material to end users and expects to have several more purchase orders.
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New Colombia Resources entered into a purchase contract for a rock crushing plant capable of producing over 100 m3 per hour. The plant is being moved to their mine site in Guaduas this week and the company expects to have it set up by the end of June. They will begin processing aggregates as soon as the plant is set up and the permit to process aggregates is approved. The Company believes the permit will be approved by June 30.
CEMEX, S.A.B. de C.V. (NYSE: CX) recently announced changes to its senior level organization, effective immediately. CEMEX's corporate staff functions, will now be organized in six Executive Vice-Presidencies, reporting to the CEO, and led by the following executives: Jose Antonio Gonzalez has been appointed Executive Vice President of Finance (CFO), and will oversee Finance, Controllership, Taxes and Process Assessment. Maher Al-Haffar, has been appointed Executive Vice President of Investor Relations, Corporate Communications and Public Affairs. Juan Pablo San Agustin will continue as Executive Vice President of Strategic Planning and Business Development. Luis Hernandez will continue as Executive Vice President of Organization and Human Resources. In addition to OHR, Security and Administrative Services, he will oversee Processes and IT, Innovation, Global Service Organization, Vendor Management Office, and Neoris. Ramiro Villarreal has been appointed Executive Vice President of Legal, and will continue serving as Secretary of the Board of Directors. Mauricio Doehner, has been appointed Executive Vice President of Corporate Affairs and Enterprise Risk Management.
Eagle Materials Inc. (NYSE: EXP) manufactures and distributes building products used in residential, industrial, commercial, and infrastructure construction in the United States. The company operates in four segments: Cement, Gypsum Wallboard, Recycled Paperboard, and Concrete and Aggregates. The Cement segment is involved in the mining of limestone; and manufacture, production, distribution, and sale of Portland cement. The Gypsum Wallboard segment is engaged in the mining of gypsum; and manufacture and sale of gypsum wallboard used to finish the interior walls and ceilings in residential, commercial, and industrial structures. On Wednesday, EXP closed up 1.28% on 392,895 shares traded.
Peabody Energy Corp. (NYSE: BTU) recently issued the following statement on carbon target: We believe that everyone deserves access to low-cost electricity, and everyone wants the air to be a bit cleaner every day. Advanced coal-fueled electricity is essential to these twin goals. It's no surprise that coal's market share of U.S. generation has expanded greatly in the past two years, given its role as the most reliable and affordable baseload fuel. During the bitter-cold winter months, coal provided a stunning 90 percent of America's increased electricity needs. More broadly, the world continues to turn toward coal. It has been the fastest growing major fuel over the past decade and is expected to surpass oil as the world's largest energy source in coming years. Today, American policy should be guided not by a modeled crisis, but by the real crisis of more than one of every three U.S. households that qualify for energy assistance. Energy inequality in the U.S. is an enormous challenge… and access to low-cost energy is a basic need. Yet proposed regulations will make energy more scarce and more expensive without any material improvement in emissions.
Arch Coal Inc. (NYSE: ACI) recently announced that employees of Mountain Coal Company's West Elk mine recently were honored with three of Colorado's top awards: Best of Best Environmental Award, Excellence in Coal Mine Reclamation Award and Excellence in Safety Award. "We're very pleased to have earned the top honors for safety and environmental excellence in Colorado," said Kenneth D. Cochran, Arch's senior vice president of operations. "West Elk's employees act responsibly day in and day out while supplying essential energy to the world." West Elk took home the state's "best of best" environmental award for leading the way in stewardship and pollution prevention in the coal sector. West Elk has operated for more than 14 years with perfect SMCRA environmental compliance in Colorado.
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