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CERX aims for big cost savings on Colombian energy

Tuesday, May 22, 2012

Colombia Energy Resources (CERX), a metallurgical coal exploration and production company operating in Colombia, anticipates transportation cost savings from the planned multi-billion dollar infrastructure renovation by the Colombian government and private industry.

As a direct benefit of the infrastructure investments being made, CERX expects to use both the railroad and river barge system to bring its metallurgical hard coking coals to international markets.

Recently, the Colombian government released details of its plan to invest more than $7.5 billion to restore and expand the country's rail system and improve the Magdalena River.

Source: PRNewswire (press release)