U.S.-based Colombia Energy Resources (OTCBB: CERX), which is developing coal mining operations in Colombia, said April 12 that Brian Miller, formerly with coal producer Alpha Natural Resources (NYSE: ANR), will join the company on April 15 as vice president of business development, strategic planning and marketing.
Miller brings to Colombia Energy more than 30 years of experience in finance and business development, operational analysis, and natural resources consulting. He has held numerous senior management positions, most recently as a vice president of Alpha. At Alpha, he was a member of its Enterprise Risk Management (ERM) group, where he was responsible for implementing a companywide ERM program after Alpha’s June 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 Colombia Energy President and CEO Ron Stovash. “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.”
“I am excited to join the Colombia Energy Resources team at this pivotal point in the company’s development,” Miller said. “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.”
Miller previously served as vice president of business development for Foundation Coal prior to its merger with Alpha. Miller was also formerly vice president of finance and acquisitions for DTE Coal Services, accountable for M&A activities and new business ventures. He was also director of business development for Cyprus Amax Minerals and CFO at Trend Mining.
On April 11, Colombia Energy said it has engaged Liolios Group to lead its investor relations and financial communications program.
“We’ve begun our first production of met coal from two producing coal concessions in Colombia, with nine other company-owned concessions under various states of development,” said Stovash. “This has brought us to a pivotal stage in our growth where it is timely for a team of experienced IR professionals like Liolios Group to help us address the capital markets and effectively communicate our story. Liolios Group offers a proven track record of helping emerging growth companies deliver their message to build quality, long-term relationships with investors, analysts and institutions.”
CERX currently controls mining concessions underlying about 25,000 acres in Colombia, which is the world’s tenth largest producer and sixth largest exporter of coal. The company plans to import international mining best practices to Colombia as it becomes a leading consolidator in the Colombian met coal market.