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Coral Springs, FL (http://www.financialnewsmedia.com
News Update) -- FN Media Group, LLC and its online brand, FinancialNewsMedia.com (http://www.financialnewsmedia.com
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Colombia, famed as an oil and thermal coal producer, is now fast becoming a focal point for a much rarer commodity - metallurgical coal - an essential ingredient for most of the world's steelmakers. Metallurgical coal - also known as coking coal, or simply as "met" coal - is in short supply. Prices have roughly tripled over five years, even after factoring in a global economic crisis and a price pullback related to the recent across-the-board selloff in commodities. "Colombia has a low cost to production and very high quality metallurgical coal, this is drawing interest to Colombia from all over the world" commented John Campo, President of VSUS Technologies, Inc.
VSUS Technologies, Inc. (OTCQB:VSUT) is an emerging company that is acquiring coal concessions in Colombia in order to satisfy the world market demand for coal. Once a concession is acquired and the necessary financing is obtained, the Company will begin all the required environmental and geological studies to get them into production as efficiently as possible. The Company plans to have three revenue producing business units in Colombia: coal mining, coking oven facilities, and docks and river transportation along the Magdalena River. For more information on VSUT visit their website at www.vsustechnologies.com.
Stay informed on VSUT developments by getting news alerts & updates delivered directly to your mobile phone by texting VSUT to 545454 from your cellular device or visit http://vsus.mobi
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Most global reserves of met coal are spoken for, but Colombia presents a rare combination in that its known reserves are both relatively high quality and readily available. Over the past 18 months, at least half a dozen companies have announced met coal projects there. Even companies based in Australia, one of the world's leading met coal producers, are heading for this South American hot spot. Anglo American, BHP Billiton and Xstrata recently confirmed to Colombian President, Juan Manuel Santos, their plans to invest $1.3 billion to expand a northern Colombian coal mine, again indicating the focus of importance regarding coal production in this specific region of the globe.
VSUS Technologies is positioning itself to take full advantage of the rising global demand for metallurgical coal production by beginning the environmental and geological studies on its wholly owned La Tabaquera coal mine with an estimated 17 Million tonnes of mostly metallurgical coal. The company also recently announced VSUT has retired significant company debt. By reducing the company's liabilities by approximately $500,000 and building a strong team of geologists and engineers, VSUS Technologies has made considerable progress with its studies and land surveys in Colombia and expects to submit both environmental impact assessment and works program to the proper agencies in the coming weeks. VSUT should be researched and closely monitored as it is currently trading near a 52 week low price per share presenting an opportunity for prospective investors to take a close look at this emerging company as it sets it sights on taking advantage of the worldwide demand for metallurgical coal production.
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