From the Wires
Action Alert - Emerging Coal Producing Company Sets Sights on South American Hot Spot for Metallurgical Coal Production
By: PR Newswire
Dec. 13, 2012 11:45 AM
CORAL SPRINGS, Florida, December 13, 2012 /PRNewswire/ --
FinancialNewsMedia.com "Active Coal Producing Companies Watch" for today: VSUS Technologies, Inc. (OTCQB:VSUT), Walter Energy, Inc. (NYSE:WLT), Alpha Natural Resources, Inc. (NYSE:ANR), Cliffs Natural Resources Inc. (NYSE:CLF)
Headline News: VSUS Technologies, Inc. (OTCQB:VSUT) sets its sights on Colombian Metallurgical Coal Rush.
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.
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. "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. 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.
Stay informed on VSUS Technologies, Inc. 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 for more details.
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 its sights on taking advantage of the worldwide demand for metallurgical coal production. For more information on VSUT visit their website at http://www.vsustechnologies.com
Walter Energy, Inc. (NYSE: WLT) is the world's leading, publicly traded "pure-play" metallurgical coal producer for global industry with strategic access to high-growth steel markets in Asia, South America and Europe. The Company also produces thermal coal, anthracite, metallurgical coke and coal bed methane gas. Walter Energy employs approximately 4,400 employees and contractors with operations in the United States, Canada and United Kingdom. WLT recently announced Closing of $500Mil Senior Notes Offering with plans to use the net proceeds of the offering to repay indebtedness outstanding under its credit facilities, to pay fees and expenses related to the offering and for general corporate purposes. WLT closed up 0.06% on Wednesday (12/12/12) at $35.87 on 3.56 Million shares traded.
Alpha Natural Resources, Inc. (NYSE: ANR) with $7.1 billion in total revenue in 2011, ANR ranks as America's third-largest coal producer by revenue and third-largest by production. Alpha is the nation's largest supplier of metallurgical coal used in the steel-making process and is a major supplier of thermal coal to electric utilities and manufacturing industries. In 2011, the Company had more than 200 customers on five continents. ANR closed up 2.86% on Wednesday (12/12/12) at $9.36 on 24.2 Million shares traded.
Cliffs Natural Resources Inc. (NYSE: CLF) 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. Cliffs' strategy is to continually achieve greater scale and diversification in the mining industry through a focus on serving the world's largest and fastest growing steel markets. CLF recently announced pricing of $500 Million Public Offering of Senior Notes with the purposes of the net proceeds from the issuance of the Senior Notes expected to be used to repay Cliffs' Private Placement Senior Notes due in 2013 and 2015, as well as for general corporate purposes. CLF closed up 0.50% on Wednesday (12/12/12) at $32.12 on 8.35 Million shares traded.
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