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A subsidiary of the company has partnered with a Chinese entity that has secured a $200 million USD letter of intent to finance the project.

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.

Caribbean Resources Corporation (TSXV:CRC), formerly known as Pacific Coal, has announced that is has mailed and filed meeting materials with respect to the upcoming special meeting of common shareholders to be held at 11:00 am on Thursday, March 31, 2016 in Toronto. Shareholders...

Goldman Sachs has exited the coal mining business by selling its Colombian La Francia and El Hatillo Mines, 3 undeveloped mines, interest in a Colombian railroad, and 184 million tons of coal reserves to Murray Energy, based in St. Clairsville, a small town in Ohio’s Appalachian...

The Colombian Oil & Gas Congress, organized annually by ACIPET (Acronym in Spanish for the Colombian Association of Petroleum Engineers) and Corferias, is the principal petroleum industry event held in Colombia, and billed by its organizers as the fourth most important in...

Pacific Coal Resources Ltd. (TSXV: PAK) the Canadian-based mining company engaged in the acquisition, exploration and production of coal and coal-related assets from properties located in Colombia, provided an update last week on the cease trade order issued with respect to a...

Pacific Coal Resources Ltd. (TSXV: PAK) announced today that it has filed a Material Change Report in respect of the Company’s default in filing annual financial statements, management’s discussion and analysis, and certifications for the period ending December 31,...

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...