Breaking News - New Colombia Resources, Inc. (OTC:
NEWC) - February 7, 2017
New Colombia Resources Inc. Announces Approval of Much
Anticipated Work Permit from National Mining Agency to Begin Operating their
Huge Gravel and Metallurgical Coal Reserves as Coal Prices Continue to Soar
Company’s $ 90 Million Purchase Order for coal making
headlines in Colombia.
BARRANQUILLA, COLOMBIA, February 7, 2017 - New Colombia Resources, Inc. (OTC:
NEWC) (“New Colombia or
the Company”), a Colombian company listed in the U.S. with premium
metallurgical coal properties and medical marijuana operations, is pleased to
announce that on Friday, February 3, 2017, they received notice from the Agencia
Nacional de Mineria (ANM) of the APPROVAL of the addition of Gravel to their
existing approved Work Plan (PTO) for metallurgical coal.
Use the link below to see the notice on ANM’s website (see page 30, Contrato de
Concession ILE-09551),
https://www.anm.gov.co/sites/default/files/atencion_minero/estado_015_del_03_de_febrero_de_2017_bogota.pdf
Yesterday, the Company filed a Form 8K with the Securities and Exchange
Commission exhibiting the ANM’s Resolution AUTO GET No. 000001. Now that the PTO
has been approved, the company will begin negotiations with the road contractors
in the area. Last year the National Infrastructure Agency (ANI) announced the
approval of the 23 Km that is needed to complete the 1000 Km Ruta del Sol road
project, the largest in South America. New Colombia will supply building
material to build the Ruta del Sol, then use this new road to move their premium
hard coking coal to export terminals on the Caribbean coast. Click to read a
related article
http://www.eltiempo.com/economia/sectores/ruta-del-sol-tras-seis-anos-destraban-tramo/16466312
. The mega project is complete except for this stretch which will start with
tunnels and bridges that are between 200 meters to 3 Km from New Colombia’s
mining concession in Guaduas.
“I would like to personally thank the ANM and the Office of the Presidency of
Colombia for their assistance in this approval, we will not disappoint,” stated
John Campo, President of New Colombia Resources, Inc.
New Colombia’s Mega Coal Projects have been getting media attention in
Colombia. Click here to see an article in Colombia’s leading El Tiempo Newspaper
reporting on their $ 90 Million coal order, in Colombia they’re known as NCR,
http://www.eltiempo.com/economia/empresas/movidas-empresariales-en-2017/16790902
Details of the Work Plan (PTO) include:
Area to Develop: 57.7 hectares
Proven Reserves: 1,999,791 cubic meters (cm3)
Minerals to Extract: Gravel
Exploitation Method: Open Sky
Use of Explosives: Yes, 30% of minerals will be extracted with explosives
Projected Annual Production: 250,000 cm3
Volume of Rock to be Removed: 2,646,094 cm3
Volume of Sterile Material to be Removed: 49,200 cm3
Project Life: 8 years
Machinery to be Used: CAT D-9 Bulldozers and 7 tonne Dump Trucks
Approval of the Work Permit is a major milestone since now they can proceed with
mining activities once the local environmental authority (CAR) recognizes the
addition of Gravel and issues an environmental permit for both Gravel and Coal.
An application for the environmental permit has been active for the past few
years but was suspended in anticipation of the addition of Gravel so the Company
will be issued one license for both. The Company will personally present the
approval resolution to the CAR and expects issuance very quickly since the CAR
has already performed a site visit and spent many hours on their case.
New Colombia has begun preparations to set up their wholly owned rock crushing
plant on site to begin Gravel operations with a projected 1000 m3/day output.
They may add another plant to satisfy local demand for building material.
To see a financial model of their rock crushing operations visit,
https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
Use this link for a site visit report and Power Point Presentation of their rock
crushing operation from an independent Colorado Geological firm, Exploration
Services International,
https://drive.google.com/open?id=0BxSKP5j2FlsebU9kT3Y4SHlOSm8
In November, mining engineers discovered a new outcropped coal seam over 3
meters wide. Engineers from another company were visiting the property to
propose a contract to develop some of the assets. To view a picture of the coal
seam visit
https://drive.google.com/open?id=0BxSKP5j2FlsedUpXZVJnZ3JxVXc
New Colombia Resources’ Blue Gem coal is only found on the KY-TN border and
central Colombia and is used to produce specialty metals such as Silicone to
make solar panels, electric car batteries, and many more next generation
products. New Colombia Resources has concession contracts and applications
totaling 5000 HA of high quality metallurgical coal that will always be needed
to produce steel and other specialty metallurgy products.
According to a mining assessment posted on the company’s website, New Colombia
Resources has an estimated 17 Million tonnes of coal on the first mining title
they are developing. It is estimated to be 70% metallurgical and 30% thermal,
the value of the metallurgical coking coal at today’s market prices would be $
3.6 Billion.
New Colombia Resources Inc. is a two-pronged company with not only premium
coking coal but medical marijuana operations, two of the hottest sectors in
today’s market. The Company has a joint venture in Colombia, Sannabis, producing
medical marijuana products since 2014. New Colombia has hired a production
company in Miami and teamed up with a retired World Series MVP to begin
marketing some of these products in the U.S. where legal. For a concise
independent analysis of New Colombia Resources Inc. visit
https://www.insiderfinancial.com/new-colombia-resources-inc-otcmktsnewc-continues-to-run-up-on-two-pronged-strategy/118133/
To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on
Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. owns vast reserves of premium metallurgical coal
mining titles and a medical marijuana joint venture in the Republic of Colombia.
They are setting up a rock mining operation to supply the major road and
infrastructure projects within miles of their properties. They own 100% of La
Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million
tonnes of reserves. They have an additional 1196 ha. metallurgical coal mining
title that they are negotiating to develop with a foreign entity to build a coal
fired power plant. New Colombia Resources holds a significant position in
Sannabis SAS which legally produces medical marijuana products in the Republic
of Colombia, visit www.sannabis.co. For more information on the Company visit
www.newcolombiaresources.com
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement containing works such as
"anticipate," "seek," intend," "believe," "plan," "estimate," "expect,"
"project," "plan," or similar phrases may be deemed "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Some
or all of the events or results anticipated by these forward-looking statements
might not occur. Factors that could cause or contribute to such differences
include financing, the future U.S. and global economies, the impact of
competition, and the Company's reliance on existing regulations. New Colombia
Resources, Inc. does not undertake any duty nor does it intend to update the
results of these forward-looking statements.
Company/Media Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
(1)-410-236-8200 USA
jcampo@newcolombiaresources.com
Source: New Colombia Resources, Inc.
___________________
RECENT NEWC News:
New Colombia Resources Inc. Provides Update on Metallurgical
Coal Mining Operations and Recent US$ 90 Million Purchase Order
Company begins to move equipment on site for rock
crushing operations
BARRANQUILLA, COLOMBIA, 01/31/17 - New Colombia Resources, Inc. (OTC:
NEWC) (“New Colombia or
the Company”), a Colombian company listed in the U.S. with premium
metallurgical coal properties and medical marijuana operations, is pleased to
provide an update on their metallurgical coal mining operations. Earlier this
month, they announced the signing of a US$ 90 Million purchase agreement for
metallurgical coal with American Steel Industries, LLC (ASI) of Philadelphia,
PA, a joint venture partner with a Chinese Government owned Multi-Billion Dollar
Commodities and Steel Trading Company. ASI has been exporting steel from China
for the past 12 years and is one of its largest steel exporters; for more
information
about ASI, visit www.asi-steel.com
Deliveries loaded at the port in Colombia for shipment to South China in 2017
will be as follows:
April- 60,000 tonnes
May- 40,000 tonnes
June- 40,000 tonnes
July-December- 60,000 tonnes/month
In November 2016, New Colombia Resources entered into a joint venture agreement
to operate metallurgical coal Concession Contract JC3-15231 located in the
municipality of Zulia approximately 25 km from Cucuta, Colombia. Engineers have
been onsite since early December updating the Work Plan and Environmental
Management Plan for a 10,000 tonne/month operation and have determined that
production costs will drop from US $30 to $25/tonne at this capacity. For a copy
of the Work Plan, Environmental License, mining title, reserve report, SGS Coal
Analysis, and pictures of the stock yard, click here https://drive.google.com/open?id=0BxSKP5j2FlsecVJUeGhJYTFwRGc
As the Company gears up to bring this mine to production, they plan to source
coal for the first shipment in April and are analyzing several proposals from
suppliers that provide significant margins based on the price agreed with ASI.
Once the San Gregorio mine is producing 10,000 tonnes/month, they will still
need to source the remaining balance of coal needed to fulfill the contract.
New Colombia Resources is also developing mining concessions in Guaduas,
Cundinamarca where they control close to 4000 hectares of metallurgical coal
concession contracts. Their first contract in Guaduas, ILE-09551, has an
approved Work Plan for coal and is awaiting approval of the addition of building
materials to begin operations. Approval is expected shortly; therefore they have
begun plans to move equipment on site. Their rock crushing plant can produce
1000 m3/day to provide material to the biggest road projects in Colombia within
3 miles of the company's mining operations. New Colombia is also making plans to
start producing coal on this property with several foreign companies that have
done site visits. They're analyzing the best partner and will make announcements
accordingly.
In addition to mining, New Colombia Resources has a medical marijuana joint
venture, Sannabis of Cali, Colombia, that has been legally manufacturing medical
marijuana products since 2014. Company President John Campo was in Cali last
week with a film crew from the U.S. filming a documentary. They will be
providing a detailed update of Sannabis operations in the coming days. To view
or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook
for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. owns vast reserves of premium metallurgical coal
mining titles and a medical marijuana joint venture in the Republic of Colombia.
They are setting up a rock mining operation to supply the major road and
infrastructure projects within miles of their properties. They own 100% of La
Tabaquera metallurgical coal mine in Colombia with an estimated 15-17 million
tonnes of reserves. They have an additional 1196 ha. metallurgical coal mining
title that they are negotiating to develop with a foreign entity to build a coal
fired power plant. New Colombia Resources holds a significant position in
Sannabis SAS which legally produces medical marijuana products in the Republic
of Colombia, visit www.sannabis.co. For more information on the Company visit
www.newcolombiaresources.com
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement containing works such as
"anticipate," "seek," intend," "believe," "plan," "estimate," "expect,"
"project," "plan," or similar phrases may be deemed "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Some
or all of the events or results anticipated by these forward-looking statements
might not occur. Factors that could cause or contribute to such differences
include financing, the future U.S. and global economies, the impact of
competition, and the Company's reliance on existing regulations. New Colombia
Resources, Inc. does not undertake any duty nor does it intend to update the
results of these forward-looking statements.
Company/Media Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
(1)-410-236-8200 USA
(57) 318-657-0918 Colombia
jcampo@newcolombiaresources.com
Source: New Colombia Resources, Inc.
New Colombia Resources, Inc. Announces their Sannabis Indica
Essential Oil and Pure Extract Together Shrunk a Cancerous Tumor by 50% in Three
Months in a Terminally Ill Cancer Patient
The Company is having their Essential Oil tested for
possible import to U.S.
BARRANQUILLA, COLOMBIA, 01/25/17 - New Colombia Resources, Inc. (OTC:
NEWC) (“New Colombia or
the Company”), a Colombian natural resource company listed in the U.S.,
with premium metallurgical coal and medical marijuana assets, is pleased to
announce their medical marijuana joint venture, Sannabis SAS, believes their
Cannabis Indica Essential Oil, administered along with their Cannabis Indica
Pure Extract, significantly reduced a cancerous tumor in an 81-year-old patient.
The patient, an 81-year-old female, had late stage stomach cancer with an 8-cm
tumor at the mouth of her stomach. After taking (2) 5 ml syringes of Sannabis'
Pure Indica Extract and (2) 5 ml bottles of their Cannabis Indica Essential oil
called SANNAYAH over three months, the patients cancerous tumor shrunk from 8 cm
down to less than 4 cm. Although further studies need to be done, both Sannabis
and the patient's caregiver are convinced this combination of products caused
this reduction and pain relief.
Originally the patient was scheduled to have an operation last year to remove
the tumor. During the operation, once they saw the tumor, doctors decided it was
best not to remove it giving the patient a terminal diagnosis and a box of
morphine patches. The patient's daughter then contacted Sannabis and began
treating her mother with the essential oil and pure Indica extract. Not only did
her tumor shrink, but she didn't need the morphine patches for pain, and she
also stopped taking her blood pressure medication. For before and after
diagnostic images of the tumor taken on June 28 and December
7, 2016, visit https://drive.google.com/open?id=0BxSKP5j2FlseSFdiRjlGUjBpRkE
The patient's daughter/caregiver will be filming a testimonial this week to be
posted on Sannabis' website. "This case and others like it is why we've worked
so hard promote the benefits of medical marijuana in Colombia. This patient's
family did not expect to celebrate their mother's 82nd birthday last month. We
will work even harder to promote the benefits of Colombian medical marijuana
essential oils and extracts legally in the U.S.," stated John Campo, President
of New Colombia Resources, Inc.
Sannabis believes the essential oil polarizes the effect or their Pure Cannabis
Indica Extract. To view their SANNAYAH essential oil product, visit http://www.sannabis.co/_p/prd2/4584850781/product/sannayah
To view their Cannabis Indica Pure Extract, visit http://www.sannabis.co/_p/prd2/3503865421/product/extracto-puro-de-cannabis-indica
Sannabis' SANNAYAH is the most exclusive product they manufacture. One pound of
medical marijuana flower, leaves, and stems is used to produce 5 ml of essential
oil using steam extraction. A similar product made in the U.S., at current
prices in states where legal, would be very costly to produce and deprive many
patients of the benefits of Cannabis Indica essential oil.
A production company from San Francisco is in Colombia producing a documentary,
for U.S. distribution, about medical marijuana and is filming promotional
footage and testimonials for Sannabis. Today they will be visiting Corinto,
Colombia's top marijuana growing region to interview the Mayor, police, and
others promoting a new medical marijuana industry.
To view a nationally televised documentary about medical marijuana in Colombia
featuring Sannabis growers, patients, and management, visit the first video on
http://www.sannabis.co/video. This documentary interviewed Sannabis patients and
their loved ones around the country using Sannabis products.
Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.oficial/
New Colombia Resources, Inc. New Colombia Resources, Inc. owns vast reserves of
premium metallurgical coal mining titles and a medical marijuana joint venture
in the Republic of Colombia. They are setting up a rock mining operation to
supply the major road and infrastructure projects within miles of their
properties. They own 100% of La Tabaquera metallurgical coal mine in Colombia
with an estimated 15- 17 million tonnes of reserves. They have an additional
1196 ha. metallurgical coal mining title that they are negotiating to develop
with a foreign entity to build a coal fired power plant. New Colombia Resources
holds a significant position in Sannabis SAS which legally produces medical
marijuana products in the Republic of Colombia, visit www.sannabis.co. For more
information on the Company visit www.newcolombiaresources.com
Forward Looking Statements Forward Looking Statements; This Press Release
includes forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Act of 1934. A
statement containing works such as "anticipate," "seek," intend," "believe,"
"plan," "estimate," "expect," "project," "plan," or similar phrases may be
deemed "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Some or all of the events or results anticipated
by these forward-looking statements might not occur. Factors that could cause or
contribute to such differences include financing, the future U.S. and global
economies, the impact of competition, and the Company's reliance on existing
regulations. New Colombia Resources, Inc. does not undertake any duty nor does
it intend to update the results of these forward-looking statements.
Company/Media Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
(1)-410-236-8200 USA
(57) 318-657-0918 Colombia
jcampo@newcolombiaresources.com
Source: New Colombia Resources, Inc.
New Colombia Resources Inc. Announces U.S. Production Company
Arrives Next Week to Film a Documentary about their Legal Medical Marijuana
Operations in Colombia and its Impact on Society
Company also announces progress on coal mining
operations
BARRANQUILLA, COLOMBIA, 01/19/17 - New Colombia Resources, Inc. (OTC:
NEWC) (“New Colombia or
the Company”), a U.S. listed Colombian resource company with premium
metallurgical coal and medical marijuana assets, is pleased to announce that
film makers from San Francisco will arrive in Colombia from January 20 to
February 3 to document their medical marijuana operations and interview people
directly benefiting from this new industry being created to help Colombia's new
post conflict era.
The documentary will focus on the country's changing beliefs of the cultivation
of medicinal marijuana and coca. Sannabis, the company's medical marijuana joint
venture, with the help of New Colombia President John Campo, will host a film
crew at their Cauca region's collective farms. These areas have the cooperation
from their local population and government to medically produce products from
plants that are known to have positive medicinal uses, such as marijuana and
coca.
The 6-man film crew will interview all the members of the community involved in
helping people heal with medicinal marijuana and coca, including doctors,
patients, growers, distributors, and manufacturers. Additionally, they will
interview local politicians, and police in the Cauca Department of Colombia,
once a battle zone that is now embracing legal medical marijuana as an
alternative crop.
The crew will also be shooting footage to be used in New Colombia Resources'
marketing campaign featuring MLB World Series MVP and Hall of Fame nominee Edgar
Renteria.
New Colombia Resources believes this documentary will enhance awareness of their
efforts to make Colombia a major legal producer of medical marijuana products to
create jobs and prosperity in post conflict zones that have housed illegal
marijuana and coca operations for decades causing irreparable harm. The concept
of growing medical marijuana legally to help mankind is embraced by all the
mayors in this hard-hit region. Colombia has the most ideal natural growing
conditions to become a World leader in this new industry.
Strategik Media, based in San Francisco, CA will arrive in Cauca Jan. 23-27 to
interview patients, growers, and others connected to this industry, to get a
glimpse of Colombia's complicated and constantly changing environment. These
filmmakers have dedicated their time, resources and personal finances to fund
this project, in the hopes of breaking
mainstream stereotypes of this once deadly multi-billion-dollar drug market.
Although Sannabis is primarily a medical marijuana producer, New Colombia
Resources is also initiating a dive into medicinal and industrial coca
production that is the area of focus. Since the coca plant has historically been
used for physical ailments by many indigenous groups, (who have also been
aligned with the FARC), Strategik Media feels that it's the right time to get
this story. The Coca Cola Company still uses coca leaf extract in their
products. New Colombia believes many food products and medicines can be produced
with the coca leaf that can only be grown in Andean nations.
This independent video production company, which was founded in 2008, has
provided its services to film commercials, short films, and documentaries.
Strategik Media produces an online YouTube Channel called 'SMS Show' with over 6
million views worldwide, and over 10,000 subscribers. This documentary will be
entered into local and national film festivals, with the hopes of gaining larger
notoriety. The main objective of this project is to tell this story, while the
conversation about Colombia is still happening around the world, thanks to
popular shows like "Narcos." To see some examples of Strategik Media's work,
please visit https://vimeo.com/user46223345
Last year, Colombia's Ministers of Health and Justice and other state and
federal officials visited these co-ops praising the production, and medical
benefits that Sannabis' products are showing. To view a network TV news segment
of the Ministers with Sannabis products, visit: http://noticias.caracoltv.com/cali/caucannabis-cooperativa-que-procesara-marihuana-de-uso-medicinal
With the future of Colombia's stance on medical marijuana and coca production,
as well as other domestic issues (i.e. FARC/Government peace accord), in a
constantly evolving state, understanding the full story is something that the
outside world needs to be informed of.
To view another documentary recently aired in Colombia highlighting Sannabis
patients, products, and growers visit https://www.youtube.com/watch?v=jl3fjYOh1Ro
Additionally, New Colombia announces they will be providing updates on the
advancements on their joint venture to apply for an orphan drug designation with
the FDA for a cannabinoid medication. The Company would also like to inform its
shareholders that they're working aggressively with their auditor to file a Form
10 K for 2015. Delays have been caused by general audit review processes that
take time. The Company doesn't anticipate any further delays and the filing is
expected very shortly.
New Colombia will also update their mining activities to fulfill a recently
announced $90 Million contract for metallurgical coal. They received
correspondence from the National Mining Agency (ANM) that they will receive
notice this week about their pending permit to begin rock crushing operations.
Use this link for a site visit report and Power Point Presentation of their rock
crushing operation from an independent Colorado Geological firm, Exploration
Services International: https://drive.google.com/open?id=0BxSKP5j2FlsebU9kT3Y4SHlOSm8
To learn more about or to purchase cannabis based products from the Company's
medical marijuana joint venture in Colombia, Sannabis, visit www.sannabis.co.
Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
Strategik Media SMS can be found on YouTube or Vimeo under that name. The
Producer of the project, Juan Ruiz, can be reached by email at juanruiz.media@gmail.com
New Colombia Resources, Inc.
New Colombia Resources, Inc. owns vast reserves of premium metallurgical coal
mining titles and a medical marijuana joint venture in the Republic of Colombia.
They are setting up a rock mining operation to supply the major road and
infrastructure projects within miles of their properties. They own 100% of La
Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million
tonnes of reserves. They have an additional 1196 ha. metallurgical coal mining
title that they are negotiating to develop with a foreign entity to build a coal
fired power plant. New Colombia Resources holds a significant position in
Sannabis SAS which legally produces medical marijuana products in the Republic
of Colombia, visit www.sannabis.co. For more information on the Company visit
www.newcolombiaresources.com.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement containing works such as
"anticipate," "seek," intend," "believe," "plan," "estimate," "expect,"
"project," "plan," or similar phrases may be deemed "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Some
or all of the events or results anticipated by these forward-looking statements
might not occur. Factors that could cause or contribute to such differences
include financing, the future U.S. and global economies, the impact of
competition, and the Company's reliance on existing regulations. New Colombia
Resources, Inc. does not undertake any duty nor does it intend to update the
results of these forward-looking statements.
Media/Company Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
(1)-410-236-8200 USA
(57) 318-657-0918 Colombia
jcampo@newcolombiaresources.com
Source: New Colombia Resources, Inc.
New Colombia Resources Inc. Announces US$ 90 Million Purchase
Order for Metallurgical Coal from a Major Steel Trader for Delivery to
China
First shipment is scheduled for April 2017 with
subsequent shipments through December
BARRANQUILLA, COLOMBIA, 01/05/17 - New Colombia Resources, Inc. (OTC:
NEWC) (“New Colombia or
the Company”), a Colombian company listed in the U.S. with premium
metallurgical coal properties and medical marijuana operations, is pleased to
announce they have signed a US$ 90 Million purchase agreement for metallurgical
coal with American Steel Industries, LLC (ASI) of Philadelphia, PA, a joint
venture partner with a Chinese Government owned Multi-Billion Dollar Commodities
and Steel Trading Company. ASI has been exporting steel from China for the past 12 years and
is one of its largest steel exporters, for more information about ASI, visit
www.asi-steel.com
Deliveries loaded at the port in Colombia for shipment to South China in 2017
will be as follows:
• April- 60,000 tonnes
• May- 40,000 tonnes
• June- 40,000 tonnes
• July-December- 60,000/month
This contract will be filled by New Colombia’s joint venture being formed with
MSG Mining Corp. The joint venture has sourced the coal to make timely
deliveries per the agreement. Some of the coal will be supplied by the joint
venture’s Mina San Gregorio in Cucuta, Colombia with the remainder being sourced
by third party producers in the area. The coal will be stored at the joint
venture’s coal yard in Cucuta and shipped to a port on the Caribbean coast for
shipment to South China. Last year China placed restriction on coal output and
yesterday announced additional mine closures.
New Colombia’s total costs for metallurgical coal trucked to the export terminal
are projected be US$ 78 for coal sourced from third parties and $ 58 for coal
produced from Concession Contract JC3-15231. Barging coal down the Magdalena
River is expected to reduce shipping costs by $10/tonne.
In November 2016, New Colombia Resources entered into a joint venture agreement
to operate metallurgical coal Concession Contract JC3-15231 located in the
municipality of Zulia approximately 25 km from Cucuta, Colombia. The coal will
be mined and delivered to the Company’s secured stock piling facility in Cucuta
with a 50,000 tonne capacity with an industrial scale. From there the coal will
be delivered to export terminals either by truck or barge. More than 15 coal
mines in production are close by to accommodate any supply requirement.
The coal from these mines have a high 15,000 Btu/lb. calorific value making it
appetizing for metals producers. The concession contract has an approved Work
Plan by the National Mining Agency (ANM) and an Environmental License from the
local environmental agency. For a copy of the Work Plan, Environmental License,
mining title, reserve report, SGS Coal Analysis, and pictures of the stock yard,
click here https://drive.google.com/open?id=0BxSKP5j2FlsecVJUeGhJYTFwRGc
New Colombia Resources filed a Form 8K with the Securities and Exchange
Commission (SEC) with a copy of the Joint Venture Agreement, click here to view
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11711096
The partners have been onsite since early December updating the Work Plan and
Environmental Management Plan for a 10,000 tonne/month operation to begin coal
mining in February 2017. New Colombia Resources and MSG Mining Corp. (the
“Companies”) are registering a Colombian subsidiary that is 51% owned by New
Colombia Resources and 49% owned by MSG Mining Corp.
The Work Program identifies at least two coal formations, Cuervos and Carbonera,
with over 8 coal seams with estimated reserves between 1 to 13 Million tonnes
each. Based on the Work Program, the Companies initially expect to begin
extracting coal from Seam 1 (Manto 1) of the Cuervos Formation with an estimated
2.4 Million tonnes of reserves that are believed to be easily accessible. In
February 2017, the Companies anticipate initiating a coal operation to produce
10,000 tonnes per month that can be scaled up to 30,000 tonnes/month. During
extraction of the Cuervo Formation, they will explore the Carbonera formation
coal seams with estimated reserves between 12-13 Million tonnes each. Total
Reserves are estimated at over 40 Million tonnes.
The San Gregorio Mine will be a showcase mining project in Water and Wastewater
Management. New Colombia’s joint venture partner MSG Mining Corp. is owned by
Tito C. Castillo, title holder to the Concession Contract. Mr. Castillo, a
Chemical Engineer/ MBA, has been in the Water Treatment Equipment Industry for
over 25 years in the U.S. and elsewhere. He spent 6 years in the Middle East
working with the latest technologies in the Reverse Osmosis Process and the past
few years assisting the Government of Colombia with water issues. The Water and
Wastewater Large Modular Plant System is the latest technology that will play a
vital role in Colombia’s mining sector since the country is desperately trying
to conserve the Andes Mountain Range and their river system while mining their
rich mineral reserves. This Mine project will give the industry a pilot system
to show that mining does not mean the destruction of the Eco system.
In addition to mining, New Colombia Resources also has a medical marijuana joint
venture manufacturing medical products since 2014. To view or purchase Sannabis
products visit www.sannabis.co. Follow Sannabis on Facebook for photos and
testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. owns vast reserves of premium metallurgical coal
mining titles and a medical marijuana joint venture in the Republic of Colombia.
They are setting up a rock mining operation to supply the major road and
infrastructure projects within miles of their properties. They own 100% of La
Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million
tonnes of reserves. They have an additional 1196 ha. metallurgical coal mining
title that they are negotiating to develop with a foreign entity to build a coal
fired power plant. New Colombia Resources holds a significant position in
Sannabis SAS which legally produces medical marijuana products in the Republic
of Colombia, visit www.sannabis.co. For more information on the Company visit
www.newcolombiaresources.com
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement containing works such as
"anticipate," "seek," intend," "believe," "plan," "estimate," "expect,"
"project," "plan," or similar phrases may be deemed "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Some
or all of the events or results anticipated by these forward-looking statements
might not occur. Factors that could cause or contribute to such differences
include financing, the future U.S. and global economies, the impact of
competition, and the Company's reliance on existing regulations. New Colombia
Resources, Inc. does not undertake any duty nor does it intend to update the
results of these forward-looking statements.
Company/Media Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
(1)-410-236-8200 USA
(57) 318-657-0918 Colombia
jcampo@newcolombiaresources.com
Source: New Colombia Resources, Inc.
New Colombia Resources Inc. to Advertise Sannabis Medical
Marijuana Products in the 2017 USA Today Special Edition Colorado Rockies
Preview
First Time USA Today Allows Advertising from Medical
Marijuana Companies.
BARRANQUILLA, COLOMBIA, 01/03/17 - New Colombia Resources, Inc. (OTC:
NEWC) (“New Colombia or
the Company”), a Colombian natural resource company listed in the U.S., is
pleased to announce they have reserved a spot in the USA Today's 2017 Special
Edition Colorado Rockies Preview to advertise Sannabis' SANNAXHOL Pain Cream
topical product made of cannabis sativa flower and other all natural ingredients
native to Colombia. This cream has been tested by a licensed medical marijuana
testing facility in the U.S. and shown to have minimal traces of THC, which can
be imported and sold in the U.S. To view the cream, visit http://www.sannabis.co/_p/prd2/4562482801/product/sannaxhol-pomada-calliente
It is the first time a major U.S. media company allows advertising of medical
marijuana products. The Company believes this will be a great entry point into
the U.S. market.
The ad will feature retired MLB World Series MVP All Star Edgar Renteria, who
uses the product for pain caused by a 16-year career in Major League Baseball.
Mr. Renteria, a shareholder of New Colombia Resources, is from Colombia and will
work with Company to help promote their high quality medical marijuana products
in the Colombian and international
markets.
Edgar had a 16-year Major League Baseball career with the Florida Marlins, St.
Louis Cardinals, Boston Red Sox, Atlanta Braves, Detroit Tigers, and San
Francisco Giants, and is highly regarded among his peers. In 1997, while playing
for the Florida Marlins, he hit a game winning run in the 11th inning of Game 7
of the World Series vs. the Cleveland Indians. In 2010, he won the MLB World
Series MVP award by hitting game winning home runs in Games 5 and 7, clinching
the World Series for the San Francisco Giants over the Texas Rangers; he retired
the following year. To learn more about Edgar's baseball career, visit http://www.baseball-reference.com/players/r/renteed01.shtml
This ad is part of major marketing campaign for Sannabis products to begin in
the U.S. and Colombia, designed to significantly increase sales by promoting
Colombia as the ideal source for all natural medical marijuana and CBD products.
Infomercials are being developed to advertise direct to the $ 3 Trillion U.S.
Hispanic market in collaboration with a top infomercial producer in Miami. They
have redesigned and increased their line of products in preparedness for a
massive domestic and international marketing campaign.
Since 2014, Sannabis has been providing medicine and saving lives in Colombia
with high quality cannabis products which are sold through independent
distributors and pharmacies throughout Colombia. The Company aims to become a
world leader in high quality "Made in Colombia" cannabis medicines. For a
preview of their products visit http://www.sannabis.co/medicinal
To see the Sannabis Medical Marijuana products catalog with technical
specifications, visit http://www.sannabis.co/ver-catalogo
To view a nationally televised documentary about medical marijuana in Colombia
featuring Sannabis growers, patients, and management visit the first video on
http://www.sannabis.co/video.
Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. owns vast reserves of premium metallurgical coal
mining titles and a medical marijuana joint venture in the Republic of Colombia.
They are setting up a rock mining operation to supply the major road and
infrastructure projects within miles of their properties. They own 100% of La
Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million
tonnes of reserves. They have an additional 1196 ha. metallurgical coal mining
title that they are negotiating to develop with a foreign entity to build a coal
fired power plant. New Colombia Resources holds a significant position in
Sannabis SAS, which legally produces medical marijuana products in the Republic
of Colombia, visit www.sannabis.co. For more information on the Company visit
www.newcolombiaresources.com.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement containing works such as
"anticipate," "seek," intend," "believe," "plan," "estimate," "expect,"
"project," "plan," or similar phrases may be deemed "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Some
or all of the events or results anticipated by these forward-looking statements
might not occur. Factors that could cause or contribute to such differences
include financing, the future U.S. and global economies, the impact of
competition, and the Company's reliance on existing regulations. New Colombia
Resources, Inc. does not undertake any duty nor does it intend to update the
results of these forward-looking statements.
Company/Media Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
(1)-410-236-8200 USA
(57) 318-657-0918 Colombia
jcampo@newcolombiaresources.com
Source: New Colombia Resources, Inc.
New Colombia Resources Inc. Announces Lab Results of Sannabis
Pure Cannabis Sativa Extract Native to Colombia to be Used to Develop an FDA
Approved Pharmaceutical
The Company will work with U.S. and Colombian
Universities on Clinical Trials for an Orphan Drug Designation with the FDA
BARRANQUILLA, COLOMBIA, 12/28/16 - New Colombia Resources, Inc. (OTC:
NEWC) (“New Colombia or
the Company”), a Colombian natural resource company listed in the
U.S. is pleased to post the laboratory results of Sannabis' Cannabis Sativa Pure
Extract. New Colombia Resources joint venture, Sannabis, has been healing
patients and saving lives in Colombia with this extract since 2014. The landrace
strain used to produce this extract is a pure sativa native to Colombia. To see
the laboratory results, visit https://drive.google.com/open?id=0BxSKP5j2FlseMUt2STNIU2dyNnc
The test conducted by a licensed medical marijuana testing facility showed a
high 35% THC value as well as a .2% B-Caryophyllene terpene value. This
combination is exceptional in treating a wide variety of ailments and gives the
Company a better understanding of why this extract has worked so well for
patients in Colombia, specifically for cancer and neurological disorders. The
Company is using this and other test results to develop more medicines targeting
different ailments. According to published reports posted on the National
Institute of Health's Library of Medicine this terpene has the following
potential medical benefits:
Anti-inflammatory and analgesic
Alcohol craving reduction
Anti-cancer
Anti-anxiety and anti-depressant
These results will be used by New Colombia Resources to develop a drug master
file to be used for an application to the FDA for an orphan drug designation for
a neurological disorder. New Colombia Resources' FDA consultant, Dr. Stanley
Satz, believes the HPLC chromatograms of the peaks show great promise to develop
a pharmaceutical product to treat various neurological disorders to be announced
soon. Company President, John Campo, met with Dr. Satz recently to take the
steps necessary to file for an orphan drug application as soon as possible. Mr.
Campo is back in Colombia today to coordinate with the Universities that will
help conduct the research under the guidance of Dr. Satz, who recently has been
awarded another orphan drug designation with the FDA and fully understands the
steps needed to gain acceptance of the application.
In addition to the FDA pharmaceutical drug being developed, Sannabis has been
producing medical marijuana products sold through independent distributors and
pharmacies throughout Colombia since 2014. New Colombia Resources' President,
John Campo, was featured in an article in Dinero Magazine in 2014 at the
beginning of Colombia's medical marijuana movement, since then medical marijuana
has been legalized by both a Presidential executive order and a law passed by
the legislature. To see the 2014 article, visit http://www.dinero.com/edicion-impresa/negocios/articulo/medicamentos-legales-derivados-del-cannabis-marihuana/199474
The Company aims to become a world leader in high quality "Made in Colombia"
cannabis medicines. Sannabis is at the forefront of the Colombian governments
effort to be become a world leader in cannabis research and development. New
Colombia Resources is applying to the U.S. Food and Drug Administration (FDA)
for an orphan drug designation of a cannabis based pharmaceutical product with
clinical trials to be done in Colombia, they will work with Universities in
Colombia and the U.S. to conduct research to be admitted to the FDA.
Sannabis has geared up for a major international expansion by planting thousands
of plants of exclusive medical marijuana strains native to Colombia. These
strains include the world famous Sativas, Punto Rojo and Mango Biche, these
landrace strains are sought out by top European seed banks, however, in order
for these strains to flourish and provide the most valuable terpenes and
cannabinoids they must be grown in their native environment.
The U.S. and Canada do not have native landrace strains, therefore, Sannabis
will aggressively penetrate the North American market to supply the best
medicine available at the best value to Americans. Several documentaries by
international producers are being filmed in the coming weeks that will educate
the world on the medicinal and social value of Colombian cannabis. Inquiries are
pouring in from all over the world and the Company has ramped up to fulfill
orders.
New Colombia Resources is also pleased to announce their auditor is finalizing a
review of their Form 10K to be filled with the SEC. Additionally, shareholders
can expect a significant revenue producing announcement concerning their
metallurgical coal mining operations.
To view the Sannabis Medical Marijuana products catalog with technical
specifications or to purchase products, visit http://www.sannabis.co/ver-catalogo
To view a nationally televised documentary about medical marijuana in Colombia
featuring Sannabis growers, patients, and management visit the first video on
http://www.sannabis.co/video.
Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc. New Colombia Resources, Inc. owns vast reserves of
premium metallurgical coal mining titles and a medical marijuana joint venture
in the Republic of Colombia. They are setting up a rock mining operation to
supply the major road and infrastructure projects within miles of their
properties. They own 100% of La Tabaquera metallurgical coal mine in Colombia
with an estimated 15- 17 million tonnes of reserves. They have an additional
1196 ha. metallurgical coal mining title that they are negotiating to develop
with a foreign entity to build a coal fired power plant. New Colombia Resources
holds a significant position in Sannabis SAS which legally produces medical
marijuana products in the Republic of Colombia, visit www.sannabis.co. For more
information on the Company visit www.newcolombiaresources.com
Forward Looking Statements Forward Looking Statements; This Press Release
includes forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Act of 1934. A
statement containing works such as "anticipate," "seek," intend," "believe,"
"plan," "estimate," "expect," "project," "plan," or similar phrases may be
deemed "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Some or all of the events or results anticipated
by these forward-looking statements might not occur. Factors that could cause or
contribute to such differences include financing, the future U.S. and global
economies, the impact of competition, and the Company's reliance on existing
regulations. New Colombia Resources, Inc. does not undertake any duty nor does
it intend to update the results of these forward-looking statements.
Company/Media Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
(1)-410-236-8200 USA
(57) 318-657-0918 Colombia
jcampo@newcolombiaresources.com
Source: New Colombia Resources, Inc.
New Colombia Resources, Inc. Issues Letter to Shareholders
Company finalizing metallurgical coal purchase agreement
with major coal buyer
BARRANQUILLA, COLOMBIA, 12/15/16 - New Colombia Resources, Inc. (OTC:
NEWC) (“New Colombia or
the Company”), a Colombian company listed in the U.S. with
metallurgical coal and medical marijuana companies in Colombia is pleased to
post this letter to shareholders...
Dear Shareholders:
I'm happy to report that we are finalizing agreements and contracts that will
generate significant cash flow. I realize the extreme importance of being
current with our SEC filings, our auditor, Malone Bailey in Houston, TX is
currently reviewing our annual report. A conference call yesterday between our
accountants and auditors identified some small requests by auditors that the
accountants will provide and a filing is expected shortly thereafter. Company
current assets, most liabilities, subsidiary ownerships, business plans, etc.
are all in the audited 10K Annual Report filed last year. Before last year New
Colombia Resources had never been not current and always filed in a timely
manner. Our limited cash resources were used to build two businesses, mining and
Medical Marijuana products in Colombia. Going forward as we generate revenue
from several businesses, we don't anticipate this happening again as we aim to
trade on a higher exchange
Coal and Rock Mining Metallurgical coal prices continue to maintain over 300%
gains this year at $ 285/tonne. We recently filed an 8K disclosing a joint
venture with MSG Mining Corp. to develop Concession Contract JC3-15231 in
Cucuta. My partners Erasmo and Tito have been meeting with geologists and
engineers that will operate the mine to initially produce 10,000 tonnes/month
starting in 4-8 weeks. They've been at the mining and environmental agencies
assuring a smooth operation. Our specially designed water system will be a
showcase for environmental agencies across Colombia to encourage other miners to
avoid polluting the waterways. Our J.V. partner, Tito Castillo, is a chemical
engineer setting up state of the art water systems around the world for over 20
years.
Contracted operators will supply the equipment and manpower to mine the coal, we
contract a trucking company to deliver it 25 Km to our 50,000 tonne storage yard
where it's then hauled to an export terminal on the Caribbean coast. I'm
finalizing a purchase order for up to a 60,000 tonne delivery in April, most of
this will be sourced from neighboring mines. Once I have the purchase order I'll
file an 8K with complete details. The purchase order, mining titles with
permits, and
operator's agreement allows us to get traditional financing to begin operations
and buy from existing mines in the area, store it and ship it to the coast.
The Guaduas rock mining operation is also expected to begin next quarter, we're
still waiting for the approval of the addition of rock mining to our approved
mining permit for coal. When we added rock mining, coal prices were depressed,
so we decided to mine rocks to supply the many road projects in our area. We
received notice from the mining agency that the application is still being
reviewed. We don't anticipate any issues since we addressed all concerns from
their site visit earlier this year. All we can do is wait and start setting up
the rock crushing plant we purchased so we can begin to work immediately once
approved. Earlier this year a large Asian company gave us a letter of intent to
develop a power plant and coal operation. They've asked for extension to begin
the project. We are in Guaduas, to see the road project click http://www.consorciovialhelios.com/proyectos.php?seccion=3
Medical Marijuana Sannabis, our joint venture, introduced a newly designed
product line that will enhance sales. Sannabis is a medical marijuana pioneer in
Colombia operating in an area notorious for growing high quality marijuana all
year round. Our indigenous partners who are totally opposed to illegal drug
trafficking and legally grow 100% organic, all natural medical marijuana on
their reservation, process it onsite into a variety of topical and oral products
that are sold by distributors throughout Colombia. Not only are we providing for
the farmers but we create value added jobs in product development to the
community. The Colombian military contacted us to establish alternative crops
for other indigenous regions of Colombia in post conflict zones. This will be
documented by reporters and film crews and is expected to garner significant
international attention. Infomercials will be filmed next month with retired
professional athletes promoting our all natural CBD products for the U.S. market
and medical marijuana products for the Colombia market. International interest
has sparked and we're gearing up to manufacture dozens of products for
international buyers.
FDA Applications I'm meeting with Dr. Stanley Satz of Advanced Imaging Projects
(AiP) today to finalize our joint venture agreements to file for an orphan drug
designation with the Food and Drug Administration (FDA). We've identified the
indications we will file for and they'll be detailed in an 8K filing along with
file numbers.
Some of you have been here to see our operations, I invite all of you to do the
same. Please email me for documentation of any item mentioned in this letter. I
look forward to keeping you current on all developments, but more importantly
posting audited revenue and earnings.
Sincerely yours, John Campo
President/Chairman of the Board
To view or buy Sannabis products visit www.sannabis.co. Follow Sannabis on
Facebook for photos and testimonials at https://www.facebook.com/sannabis.oficial/
New Colombia Resources, Inc. New Colombia Resources, Inc. owns vast reserves of
premium metallurgical coal mining titles and a medical marijuana joint venture
in the Republic of Colombia. They are setting up a rock mining operation to
supply the major road and infrastructure projects within miles of their
properties. They own 100% of La Tabaquera metallurgical coal mine in Colombia
with an estimated 15- 17 million tonnes of reserves. They have an additional
1196 ha. metallurgical coal mining title that they are negotiating to develop
with a foreign entity to build a coal fired power plant. New Colombia Resources
holds a significant position in Sannabis SAS which legally produces medical
marijuana products in the Republic of Colombia, visit www.sannabis.co. For more
information on the Company visit www.newcolombiaresources.com
Forward-Looking Statements Forward-Looking Statements; This Press Release
includes forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Act of 1934. A
statement containing works such as "anticipate," "seek," intend," "believe,"
"plan," "estimate," "expect," "project," "plan," or similar phrases may be
deemed "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Some or all of the events or results anticipated
by these forward-looking statements might not occur. Factors that could cause or
contribute to such differences include financing, the future U.S. and global
economies, the impact of competition, and the Company's reliance on existing
regulations. New Colombia Resources, Inc. does not undertake any duty nor does
it intend to update the results of these forward-looking statements.
Company Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
410-236-8200 USA
jcampo@newcolombiaresources.com
Source: New Colombia Resources, Inc.
-----------------------------------
About NEWC
New Colombia Resources Inc. (“New Colombia” or the “Company”) is a publicly
traded resource company listed on the OTC under the symbol “NEWC”. The Company
is focused on the acquisition and development of high quality metallurgical coal
properties in Colombia, considered one of the most attractive emerging markets.
With an estimated US$378 billion in gross domestic product in 2013, it became
the third largest economy in Latin America and is growing 4% to 6% per year.
Colombia has the largest coal reserves in Latin America and is the fourth
largest coal producer in the world. Total coal production decreased by 4% in
2013 to 85.5 million tonnes. Coal producers aim to increase coal output in 2015.
Colombia privatized its coal sector in 2004 and is committed to investing in
infrastructure to support increased mining.
We are focusing on our La Tabaquera coal and rock project (the “Project”)
located in the Municipality of Guaduas, approximately 100 kilometers northwest
of Bogota. This Project’s haul roads are easily accessible either by National
Highway I-50 or the new Ruta del Sol. The property is within 50kM of the
Magdalena River, providing easy transport to terminals in Barranquilla, Santa
Marta or Cartagena for export. The Magdalena River is being dredged to allow
cargo from La Dorada which in close proximity to their mine.
Recently we purchased a rock crushing plant with processing capacity of over 100
m3/hour of aggregates which is expected to be operating in by August 2015.
Demand is strong for building material in Colombia since many illegal mines have
been closed as new construction and infrastructure projects come online.
Construction of the final sector of the Ruta del Sol road project was approved
to begin. It will consist of tunnels and bridges within 5 kilometers or our coal
and rock
mine.
This allows us to supply road builders with aggregates, and then use these roads
to move our coal to export terminals. We intend to fund our coal operations with
the cash flow generated from the sale of processed aggregates.
An “Estimate of Probable Reserves and Grantable Potential of Coal at La
Tabaquera Mine” report was prepared on behalf of New Colombia in September 2011.
The report estimated reserves for La Tabaquera Project of 13,073,935 cubic
meters for a total of 16,996,116 tonnes of bituminous coal (non JORC compliant),
with 70% being metallurgical hard coking coal and 30% thermal coal.
Based on the high quality of our coal, we expect to sell at a premium to other
domestic coals. We believe our mines have Blue Gem coal, only found along the
Kentucky Tennessee border in the U.S. and Colombia. This coal is unique because
of its low ash and high carbon content. It is in high demand for the silicon and
silicon based alloy market. Beginning in 2015, New Colombia will concentrate
tunnel mining its hard coking coal seams first. The Company expects to mine
20,000 tonnes of hard coking coal per month.
We own the mining title and land where we will commence operations. Our Mining
Plan of Operations (PTO) was approved in December 2013 by the Agencia Nacional
de Mineria (ANM). In April 2013 we applied for an environmental license which we
expect to be issued soon.
New Colombia also has renewable resource projects in Colombia they are
developing and plan to spin off as a dividend to shareholders.
Management and Directors
John Campo, President, Chairman, 43, has been involved with public companies for
over 20 years. He began his career as a registered representative in 1992 with a
boutique firm in Baltimore, Maryland. From 2001 to 2008, he was President of
Elite Equity Marketing, a public relations firm catering to emerging growth
companies. Later he formed Wall Street International to focus on creating
awareness for international companies trading in the United States. In 2011 he
acquired VSUS Technologies, which then acquired concession contract ILE-09551
and became New Colombia Resources, Inc. Mr. Campo is a Colombian-American
residing in Sunny Isles Beach, FL while working in Colombia.
Erasmo Almanza, 71, Director, brings over 40 years of experience in the oil and
gas industries in Colombia and the United States. A petroleum engineer by trade,
he is currently General Manager of Cia Minera San Jose Ltda, a subsidiary of New
Colombia Resources, Inc. Prior to that Mr. Almanza held several management
positions within the oil and coal industry including Ingepetrol, BAROID
International Co. and Core Laboratories International in Houston, Texas. Mr.
Almanza earned a Bachelor Degree in Petroleum Engineering from the Universidad
America in Bogota.
Miguel Centanaro, 51, V.P Operations, was a consultant to Latin Coal Mining from
1994 to 2004. Mr. Centanaro has been a candidate for the Senate of the Republic
of Colombia and has held several positions within the Colombian Senate. He holds
a business administration degree from the University of Cartagena and a Fellow
Doctorate in Business Administration from The Edinburg School of Business, as
well as specialties in marketing, environmental contamination, financial
evaluation of projects, strategic management.
Fabio Villamil, Logistics Advisor, is currently President and Director of
Incoplan S.A., a top engineering firm based in Bogota, Colombia that is a
consultant to the largest infrastructure projects in Colombia, including rail,
road, and river. He is an expert in environmental issues of infrastructure and
mining projects in Colombia and has been a consultant to the Ministry of
Transportation. Mr. Villamil holds a civil engineering degree from La
Universidad Catolica de Colombia along with a specialty in ground
transportation. He also holds a doctorate in the Optimization and exploitation
of transportation systems from La Universidad Politecnica de Valencia, Spain.
Mr. Villamil has advised the company on matters related to logistics and
infrastructure. Incoplan S.A. developed the baseline for the environmental
impact study submitted to the CAR.
Jose A. Ramirez, 34, Director, is a financial controller for several companies
in Miami, FL. He advises the company on accounting issues in conjunction with
their accounting firm in Houston, TX.
Investor Info
New Colombia Resources, Inc. is focused on the acquisition and development of
high-quality metallurgical coal properties in the Republic of Colombia. We own
100% of La Tabaquera coal mine in Guaduas, Colombia with an estimated 15- 17 MM
tonnes of reserves, 70% metallurgical and 30% thermal coal. SGS Colombia S.A.
completed a drilling program for an N.I. 43-101 Technical Report; once financing
is secured we will implement the program. Our Mining Plan of Operations (PTO)
was approved on December 23, 2013. In April 2014 we applied for an environmental
license. We expect to begin mining operation in August 2015.
New Colombia Resources also has a medical cannabis business in Colombia
operating as Sannabis SAS. Sannabis is a partnership between New Colombia
Resources and others including members of the Nasa Indian Nation of Colombia.
Medicines are legally produced on the Indian reservation and distributed
throughout Colombia. Sannabis enjoys first mover advantage in Colombia and aims
to provide the best medicine with scientific evidence available in Colombia and
the World.
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This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may",
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the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as a
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Securities and Exchange Commission. You should consider these factors in
evaluating the forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this release are
made as of the date hereof and FNMG undertakes no obligation to update such
statements.
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