Two Year Suspension of Mining Requests for Exploration Lifted in Colombia

  Two Year Suspension of Mining Requests for Exploration Lifted in Colombia

PR Newswire

CORAL SPRINGS, Florida, July 11, 2013

CORAL SPRINGS, Florida, July 11, 2013 /PRNewswire/ -- issues market news updates for today's active mining
companies: New Colombia Resources, Inc. (OTCQB: NEWC), AngloGold Ashanti
(NYSE: AU), BHP Billiton (NYSE: BHP), Peabody Energy Corp. (NYSE: BTU) and
Cliffs Natural Resources Inc. (NYSE: CLF)

New Colombia Resources, Inc. (NEWC) has submitted an application for an
additional 148Ha through ANM's new platform for Colombian project. The
company has received an application number and is hopeful to acquire more
high-quality metallurgical coal properties to add to its portfolio, which
already includes 100 percent of La Tabaquera coal mine. Large-scale miners
with operations and projects in Colombia include Anglo American, AngloGold
Ashanti (NYSE: AU), BHP Billiton (NYSE: BHP), Cerro Matoso, Colombian Natural
Resources, Drummond, and many others. New Colombia Resources is focused on
the acquisition and development of high-quality metallurgical coal properties
in the Republic of Colombia. NEWC owns 100% of La Tabaquera coal mine in
Guaduas, Colombia with an estimated 15- 17 MM tonnes of reserves, 70%
metallurgical and 30% thermal coal. Read more about the concession
applications here

Additional Mining Companies with Operations in Latin America: Peabody Energy
Corp (BTU) will announce the results for the quarter ended June 30, 2013. A
conference call with management is scheduled for 10 a.m. CDT on Tuesday, July
23, 2013. Peabody Energy is the world's largest private-sector coal company
and a global leader in sustainable mining and clean coal solutions. The
company serves metallurgical and thermal coal customers in more than 25
countries on six continents.

Cliffs Natural Resources Inc. (CLF) announced this week that Joseph Carrabba
has informed the Board of Directors of his plans to retire as the Company's
president and chief executive officer by Dec. 31, 2013. James Kirsch, who
currently serves on Cliffs' Board as lead director, has been elected
non-executive chairman of the Board, effectively immediately, replacing Mr.
Carrabba as chairman. Cliffs Natural Resources Inc. is an international
mining and natural resources company. A member of the S&P 500 Index, the
Company is a major global iron ore producer and a significant producer of
high- and low-volatile metallurgical coal.

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