VSUS Technologies Announces Plan to Submit their Environmental Impact Assessment (EIA) in Compliance of all Colombian Regional and National Environmental Regulations by the End of 2011
The company's first priority is to comply with Law 99 of 1993 which incorporates the binding principles of international environmental law to the Colombian legal system.
BOGOTA, Colombia, Nov. 15, 2011 /PRNewswire/ -- VSUS Technologies, Inc. (OTCQB: VSUT), a United States based coal company with operations in Colombia, announces they plan to submit an Environmental Impact Assessment (EIA) to the CAR (Regional Autonomous Corporation) of the Department of Cundinamarca by the end of this year. The company began these environmental studies in March 2011, for their wholly owned subsidiary La Tabaquera coal mining concession in Guaduas, Colombia. A recent engineering report estimated close to 17 Million tons of coal at La Tabaquera, 70% is estimated to be high quality metallurgic (coking) coal.
Once the Environmental Impact Assessment is submitted and approved, VSUS Technologies will apply for a mining permit to begin production at La Tabaquera as soon as possible.
"The support our project has received from the local community, due to our genuine concern for the environment and the local economy and infrastructure, should accelerate our approval process," stated John Campo, President of VSUS Technologies. "We will strive to become environmental stewards of our community," continued Mr. Campo.
Transportation, Logistics and Other Information
VSUS Technologies is consulting to build or acquire river loading facilities on the Magdalena River close to their mines. Major infrastructure improvements announced by the Colombian government will facilitate trucking coal to river ports and then barging via the Magdalena River to the Ports of Barranquilla, Santa Marta, or Cartagena for export. Once financed, the Company plans to build or acquire a river barge transportation company and an export coal terminal in Barranquilla, Colombia. Initially we will use existing facilities while our transportation projects are being developed. The Colombian and Chinese Governments are jointly improving railroads that will facilitate local coal producers' ability to export. After the rail projects and the "Road to the Sun" project are completed, VSUS Technologies will have one of the few coal mines in the world with river, rail, and road access to coal export terminals on both the Atlantic and Pacific Oceans.
About VSUS Technologies, Inc.
VSUS Technologies has signed a definitive agreement to acquire La Tabaquera coal mine in Guaduas, Colombia. Our Company plans to have three revenue producing business units in Colombia: coking and coal mining, docks and river transportation along the Magdalena River, and a coal export terminal on the northern coast of Colombia. The Company is also exploring allegiances with U.S. universities to study capturing Coal Bed Methane (CBM) in Colombia. For more information on our company visit our new website at www.vsustechnologies.com.
Forward Looking Statements
Forward Looking Statements: This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," "intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. VSUS Technologies, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
CONTACT: |
Mr. John Campo |
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President |
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1-410-236-8200 USA |
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(57) 318-657-0918 Colombia |
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VSUS Colombia |
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Cra. 16 # 79-31 Suite 703A |
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Bogota, Colombia |
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SOURCE VSUS Technologies, Inc.
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