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Drummond Ltd Responds With Facts and Asks Why?

…We would like to clarify some statements by the press, government and others surrounding this situation and present the facts as we see them…Drummond began feasibility studies for the mining and transportation of coal in Colombia in 1986…Drummond then applied for a port concession within the area of Cienaga…which was granted for a period of 30 years, expiring in 2023…[including] the environmental permit…Drummond filed for an environmental license modification….[in] 2009 and was denied…The environmental permit modification was finally granted…on March 21, 2013….A later delay revolves around a 53 day strike called by Sintramienergetica Union…[Intransigence] by Sintramienergetica and refusal by the Ministry of Labor caused a delay of approximately two months on the construction of the port…We have been falsely portrayed as a defiant company and demeaned in the press and by others. We have been accused of “cheating” (slanderous and mean word) on royalties by the Minister of Mines and the Controller. Not so…