SAN FRANCISCO, April 12, 2012 /PRNewswire/ -- Colombia
Energy Resources, Inc. (OTCBB: CERX), a mining company focused on
developing metallurgical coal production from coal deposits in the
Republic of Colombia, strengthened
its management team with the addition of industry veteran,
Brian L. Miller. Miller will join
CERX on April 15 as vice president of
business development, strategic planning and marketing.
(Logo: http://photos.prnewswire.com/prnh/20120208/AQ50047LOGO)
Miller brings to Colombia Energy Resources more than 30 years'
experience in finance and business development, operational
analysis, and natural resources consulting. His background
also includes strategic planning, new business development,
acquisitions, transactional due diligence, risk management,
competitive analyses, and budgeting and forecasting.
Miller has held numerous senior management positions in the
natural resources and coal industry, most recently as a vice
president of Alpha Natural Resources. At Alpha, he was a member of
its Enterprise Risk Management (ERM) group, where he was
responsible for implementing a companywide ERM program subsequent
to Alpha's 2011 acquisition of Massey Energy. He also served as
Alpha's treasurer, responsible for cash management, long term
financing and establishing credit policy.
"Brian brings to our management team a tremendous wealth of
knowledge and experience," said Ron
Stovash, Colombia Energy's president and CEO. "His
understanding of the coal marketplace and financial disciplines, as
well as his keen ability to negotiate strategic resource
acquisitions, aligns well with our efforts to build and develop a
world-class portfolio of Colombian coal assets."
Miller commented: "I am excited to join the Colombia Energy
Resources team at this pivotal point in the company's development.
CERX has accumulated a high quality portfolio of metallurgical coal
assets in the Republic of Colombia, providing an excellent foundation
for substantial growth in production. I am looking
forward to assisting the company in continuing the process of
finding and developing select properties in Colombia, particularly those suitable for
implementing modern mining practices that enables them to be mined
more efficiently and productively."
Miller previously served as vice president of business
development for Foundation Coal Corp. prior to its merger with
Alpha Natural Resources. At Foundation, he was a key member
of the management team responsible for identifying, reviewing and
executing acquisition and divestiture efforts, corporate strategy,
and managing the strategic and financial components of project
development.
Miller also formerly vice president of finance and acquisitions
for DTE Coal Services, accountable for M&A activities and new
business ventures. Miller also previously served as director
of business development for Cyprus Amax Minerals Co. and chief
financial officer at Trend Mining Co.
Miller earned his AB in Urban Studies/Political Science from
Columbia College, an MPP in Public
Policy from the University of California,
Berkeley, and his MBA in Finance and Accounting from
Columbia University Graduate School of
Business.
For additional information about Colombia Energy Resources,
contact Liolios Group at 949-574-3860 or email
CERX@liolios.com.
About Colombia Energy Resources, Inc.
Colombia Energy Resources (OTCBB: CERX) is a metallurgical coal
exploration and mining company. CERX is exploring coal deposits and
developing coal mines at company controlled mining concessions. The
company currently controls mining concessions underlying
approximately 25,000 acres of land in the Republic of Colombia which is the world's tenth largest
producer and sixth largest exporter of coal. The country also has
the largest reserve base in South
America with an estimated 7 billion metric tons (MT) of
recoverable reserves and 17 billion MT of potential reserves.
The company plans to import international mining best practices
to Colombia as it becomes a
leading consolidator in the Colombian metallurgical coal market.
CERX's team of executives, advisors and partners is comprised of
experienced entrepreneurs and business professionals in the U.S.
and Colombia with a breadth of
experience in coal mining as well as substantial industry
relationships.
For more information, visit www.colombiaenergyresources.com.
Forward Looking Statements
This release contains forward-looking statements regarding
CERX's future plans and expected performance based on assumptions
the Company believes to be reasonable. A number of risks and
uncertainties could cause actual results to differ materially from
these statements, including, without limitation, the success rate
of business development efforts, exploration efforts and the
timeliness of development activities, fluctuations in coal and
energy prices, confirmation of estimated resources, and other risk
factors described from time to time in the Company's reports filed
with the SEC. In addition, the Company operates in an
industry sector where securities values are highly volatile and may
be influenced by economic and other factors beyond the Company's
control. Colombia Energy Resources, Inc. undertakes no obligation
to publicly update these forward-looking statements, whether as a
result of new information, future events or otherwise.
Company Contact:
Daniel Carlson
Executive Vice President
dcarlson@colombiaenergyresources.com
Tel 415-460-1165
Investor Relations:
Liolios Group, Inc.
Justin Vaicek
Tel 949-574-3860
CERX@liolios.com
SOURCE Colombia Energy Resources, Inc.