SAN FRANCISCO, April 13, 2011 /PRNewswire/ -- Vista Partners announced today that it has initiated coverage on Colombia Clean Power & Fuels, Inc., (OTCBB: CCPF) (the "Company")with a twelve month target price of $6.35. Ross Silver, Principal Analyst at Vista Partners stated, "As demand for coal continues to increase, new sources of supply will be required. According to the IEA, Colombia is the world's tenth largest producer and fourth largest exporter of coal, with an estimated 7 billion metric tonnes of recoverable reserves and 17 billion tonnes of potential reserves. Coal accounts for half of the country's mining activity, and is the second largest export after oil. We believe the Company is well positioned to benefit from significant coal demand from Asian countries, namely China, as well as India and could eventually become a significant coal miner and producer in Colombia."
About Vista Partners:
Vista Partners LLC was founded in 2005 and has offices in California and one in Oregon. Vista Partners LLC is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista Partners LLC has built a name for itself in the small cap space due to its selection of profitable investment ideas.
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