SAN FRANCISCO, Aug. 4, 2011 /PRNewswire/ -- Colombia Clean Power & Fuels, Inc. (OTCBB: CCPF.OB), (the "Company" or "CCPF") announced today that international mining expert Zygmunt Fuginski has joined the Company as its General Manager – Mining. Mr. Fuginski will be based at the Company's operational headquarters in Bogota, Colombia, and will oversee implementation of the Company's mine development programs. He is an internationally recognized coal mining specialist with 30 years of experience working in executive and senior management positions, and consulting in over 20 countries including Canada, the United States, Australia, Indonesia, Russia, Poland, Ukraine, Mexico, Venezuela and Colombia.
"Zygmunt Fuginski is a strong addition to our Colombian operating team, and is joining CCPF at an opportune time," said Barry Markowitz, CCPF's Chairman. He added, "As we prepare to develop our metallurgical coal mines, we will benefit greatly from Zygmunt's highly regarded expertise in all aspects of underground coal mining including multiple-seam mining in steep mining conditions, and a vast range of mining methods. Zygmunt's comprehensive international experience will augment the strong local field knowledge of our mining team."
During his extensive career, Mr. Fuginski has provided consulting services to large international mining firms, power generating and steel making companies, and engineering consulting firms, and has worked across a broad range of geological and mining conditions. He also has an extensive background in the areas of strategic and general planning, analysis of production alternatives, and benchmarking of mines.
"I'm excited to be joining CCPF at this critical time in the company's growth," stated Mr. Fuginski. "The quantity and quality of the coal seams on our properties appear ideal for production and sale into the international coal market. I'm looking forward to leading our planned effort of bringing one or more mines into production by year end."
About Colombia Clean Power & Fuels, Inc.
Colombia Clean Power & Fuels, Inc. (OTCBB: CCPF.OB) is developing coal mining, coal coking and clean coal technology operations in the Republic of Colombia. The Company plans to build mines to produce both metallurgical coal and high-grade thermal coal and implement advanced coal technologies, such as coal gasification and coal-to-liquids, to produce metallurgical coke, urea, liquid fuels, power and other clean energy solutions. The Republic of Colombia is the world's tenth largest producer and fourth largest exporter of coal, with an estimated 7 billion metric tons ("MT") of recoverable reserves and 17 billion MT of potential reserves.
The Company's current operations are focused on coal exploration and development activities. The Company has retained leading engineering and geological services firms in the U.S. and Colombia to conduct exploration work in selected concessions acquired to date and others under consideration for acquisition by the Company. The Company's team of executives, advisors and partners is comprised of experienced entrepreneurs and business professionals in the U.S., Colombia and China that have a breadth of experience in coal mining and clean coal technologies as well as substantial industry relationships.
For more information, visit www.ColombiaCleanPower.com
This release contains forward-looking statements regarding Colombia Clean Power & Fuels future plans and expected performance based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of business development efforts, exploration efforts and the timeliness of development activities, fluctuations in coal and energy prices, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. Colombia Clean Power & Fuels undertakes no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Colombia Clean Power & Fuels, Inc.