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Atico reached a 5 year payment plan for approximately US$21.9 million plus interest at a 6% annual rate.

How the explosion occurred after the personnel entered the mine remains unclear, but one member of the crew managed to survive a blast.

Five people remain unaccounted for after more than 12 hours of rescue efforts and emergency response, said UNGRD.

New Colombia Resources recently announced that its has discovered a new "outcropped coal seam" that is more than 10 feet wide.

The 2,900-acre project seeks to uncover "blue gem" coal and will be developed jointly with a construction company in China and other firms.

Colombia’s mining regulatory agency, Agencia Nacionál de Mineria (ANM) has started pricing coking coal for royalty calculations using price assessments published by global energy and commodity news and price reporting agency Argus. This expands Colombia’s innovative...