US-based Colombia Clean Power & Fuels (CCPF) has acquired additional metallurgical coal concessions totaling 8,100 acres in Otanche, Colombia.

The company expects the acquisitions to accelerate its commercialization for the mining operations.

CCPF has signed agreements with Colombia’s coal authority Colombian Institute of Mining and Geolog and expects full transfer of the titles within 40 days.

CCPF chief operating officer Graham Chapman said the acquisition would be a major milestone in the coal prospect with an approved mining plan and two exploratory drills.

Otanche represents an opportunity for us to move rapidly to prove reserves and commence commercial operations, Chapman said.

Colombia Clean Power,SAS, a subsidary of CCPF president Carlos Soto,said a database Vulcan is being loaded which would contain all the data collected from Otanche to produce geological models followed by mining models.

Currently, the company is focussed on building a transport route from the proposed mine portal to the existing road network while a contracting company is in the process of developing a mine plan.