Colombia Energy Resources Inc. Stock Analysis CERX

Colombia Energy Resources, Inc. engages in the business of acquiring, developing, operating, and exploring metallurgical coal assets in the Republic of Colombia, South America. The company is headquartered in San Francisco, California and currently employs 133 full-time employees. The company went IPO on 2006-07-11. The firm is engaged in the business of acquiring, developing and operating metallurgical coal assets in the Republic of Colombia, South America. The Company’s projects include North Block Mining Project, Otanche Mining Project, Ruku Mining Complex and Boavita Mining Project. The firm owns coal mining concession contracts, which grants the right to explore and exploit coal deposits, in the departments of Boyaca and Santander, areas well-known for metallurgical coal formations, and is operating and developing metallurgical coal mines and conducting exploration of its coal deposits. The Company’s current operations are focused on production, exploration and development activities. Through its wholly owned subsidiaries, the Company owns 100% of Colombia Clean Power S.A.S., which is a Colombian company established to acquire and develop coal concessions.