the elenoa mine

  -Mine Name: ELENOA

-Location. 8 kilometers from El Carmen de Chucuri, Santander, Central Colombia

-Environmental License 000574 Granted by CAS on August 22.2022

FLL 082 Mining Title granted in 2006 by the National Mining Agency (irrevocable)

-Transparency Pact with the community of Carmen de Chucuri

1.Support the Caretaking and Maintenance of the  the Yarima-El Carmen de Chucuri road 

2.Support the Creation of the cocoa processing plant by adding the farmers who grow cocoa in the region

3.Support the Fire Department

4. Support the Local Church and Religious Events

5.Support Social, Sporting and Community Events

6.Establish the COLCCO Foundation to support small businesses in El Carmen de Chucuri

-Concession Area Title FLL-082: 1,959 hectares to be reduced to less than 500 hectares in total

-CAS Approved Environmental License Number DGL-000574.August 22/2022.

Areas for Mining: 150 hectares 

Areas designated for pit operation: Total  150 hectares,. 15 hectares (10%) will be intervened for open pit mining. 

-Mining Resources

1.Projected Annual Production: 360,000 Tons Per Year from 2023

2.Drilling mining exploration with our own drills that proved up to 10 million reserves suitable for sustainable mining

3.Confirmed Exploitable Reserves. 9.3 million metric tons of high quality thermal coal 

4. Coal Quality

Caloric Value. 12,200 Btu/Lb

Method: ASTM-D5865-13

Sulphur Content %: 1.00

Ash Content %: 10.00

Total Moisture %: 11.50

Volatile Matter %: 32.59

-Market Consolidation

Long-term coal sales agreement with leading and recognized entities in the sector giving confidence in the economic robustness of society 

-Mining Operation

 Contracted with leading entities with a solid track record in the sector. and in the region