SAN FRANCISCO, Sept. 13, 2011 /PRNewswire-FirstCall/ -- Colombia Clean Power & Fuels, Inc. (OTCBB: CCPF.OB), (the "Company" or "CCPF") announced today the appointment of coal industry executive Peter B. Lilly to the Company's board of directors. Mr. Lilly has over 30 years of senior operations and executive experience with some of the largest coal companies in the United States, including CONSOL Energy, where he served as Chief Operating Officer and as President – Coal Group, and Peabody Holding Company, where he served as President and Chief Operating Officer.
"I have known and worked with Pete Lilly for a number of years, and I believe he is one of the most knowledgeable and experienced coal industry executives in the world today," said Ronald Stovash, President and CEO, adding, "Pete Lilly's coal market insights and guidance will be invaluable to the Company as we continue to refine and implement our metallurgical coal strategy."
Mr. Lilly's executive experience also includes serving as President and CEO of Triton Coal Company LLC and Vulcan Coal Holdings LLC, and eleven years with Kerr-McGee Coal Corporation where he rose from Manager of Maintenance Planning, to Mine Manager, to VP of Marketing and Planning before his appointment as President of the company.
His past professional associations in the global coal industry include service as a board member of the World Coal Institute, the American Mining Congress, the National Coal Association, the Waterways Council, and Chairman of the Safety Committee of the National Mining Association.
Mr. Lilly is a graduate of the United States Military Academy at West Point, holds an MBA from Harvard University, and served with distinction as a Captain in the United States Army.
On a separate note, Management reminds interested parties that CCPF will be presenting at the Rodman & Renshaw Annual Global Investment Conference at the Waldorf=Astoria in New York City on September 13, 2011.
As announced previously, the details of CCPF's presentation at the conference are as follows:
Tuesday, September 13, 2011
4:30 P.M. ET, Morgan Suite
Daniel Carlson, Treasurer and Director
301 Park Avenue
New York, NY 10022
Conference participants and investors who wish to meet with CCPF's management may contact Daniel Carlson directly – see details below.
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 metallurgical 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.