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Gallagher joins at the time when the company looks to further develop its Buriticá mining operations in central Colombia.

The mining firm has decided that commercial production at its remaining sites is not viable.

The authorization allows Continental Gold to expand its current mining site and build a processing plant capable of handing up to 3,200 tonnes per day.

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

"This company will be disciplined and margin-focused, not simply production-driven," says Pacific Chairman Gabriel de Alba.

Pacific believes the affected common shares will be listed on the Toronto Stock Exchange on November 3

If the story plays out as expected, Bancolombia believes that 2015 and 2016 will end up being bumps in the road in an ongoing growth trajectory.

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.

Rutty Paola Ortiz was introduced today as Colombia's new Vice Minister of Mines and Energy by Germán Arce Zapata, the nation's Minister of Mines and Energy.

"Its inclusion in both indices is a reflection of the hard work and dedication of our employees,” said company CEO Ari Sussman.