Coalcorp Declares Force Majeure at La Francia Mining Operations



    TORONTO, May 6 /CNW/ - Coalcorp Mining Inc. ("Coalcorp" or the "Company")
(TSX-CCJ) announced today that it has declared force majeure under its mining
services contract with the Company's mine operator and ordered the temporary
suspension of its mining operations in the La Francia coal mine. The force
majeure was declared as a result of the notification by one of Coalcorp's main
customers that it is unable to accept coal shipments as a result of mechanical
issues associated with shiploading at the Santa Marta port, as well as the
continuing consequences of the Fenoco rail strike on coal shipments from the
La Francia mine . As a consequence of these events, coal inventory at La
Francia has reached levels which create an operational hazard. The Company is
currently taking all necessary steps to resume its mining operations as soon
as it is practicable and will provide an update upon further developments.

    Coalcorp is a coal mining, exploration and development company with
interests in the La Francia coal mine and related infrastructure projects and
a number of coal exploration properties, all located in Colombia. Coalcorp
also holds a 60% equity interest in Carbones Colombianos del Cerrejon which
owns the La Caypa coal mine in Colombia. Further information can be obtained
by visiting our website at www.coalcorp.ca or under the Company's profile at
www.sedar.com.

    Statements made in this news release may be forward-looking and therefore
subject to various risks and uncertainties. Certain material factors or
assumptions are applied in making forward-looking statements and actual
results may differ materially from those expressed or implied in such
statements. Coalcorp does not undertake to update any forward-looking
statements; such statements speak only as of the date made.





For further information:

For further information: Joseph Belan, Interim Chief Executive Officer,
+57-1-658-5050 Ext: 9990

Organization Profile

Coalcorp Mining Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890