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
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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.
New Colombia Resources Announces Sannabis Subsidiary Receives Multi-million Peso Purchase Order of their Medical Marijuana Products From Doctors of a 100-year-old Hospital Foundation in Colombia
Sannabis receives second bulk order from distributor to Private Label their Climax Product
CALI, Colombia, April 21, 2016 /PRNewswire/ --
New Colombia Resources, Inc. (NEWC), a U.S. company with natural resource assets in Colombia is pleased to announce that its subsidiary, Sannabis SAS, has received a multi-million-peso purchase order from doctors of a well-known hospital foundation in Medellin, Colombia. This 100-year-old foundation has a University Hospital, Children's hospital, and an Institute of Medical Technology.
These doctors will offer medical service visits introducing Sannabis products direct to patient's homes. Medellin's urban area is Colombia's second largest with a population of over 3.5 Million people. Sannabis products are well accepted in Medellin therefore the company is focusing a strong sales effort in this region and plans to open addition distribution points.
Sannabis is very pleased with the testimonials for their Climax female lubricant product which they private labeled for a distributor in Colombia. We congratulate the distributor with the success they've had in creating a niche market for this lubricant made with our 100% organic cannabis sativa extract and coconut oil. According to this article in Colombia's leading newspaper, El Pais, the distributor surveyed 50 women that used the product with favorable results, which is evidenced by their re-order. Sannabis has received a second bulk order from this distributor.http://www.elpais.com.co/elpais/cali/noticias/spray-sube-deseo-sexual
In addition to their original Sannabis brand products, and due to Sannabis' position as the only legal mass producer of medical cannabis based products in Colombia, the company is working with entrepreneurs that want to develop brands and market medical cannabis products. This is in line with their plan of being mass producers of high quality 100% organic cannabis extract, while maintaining the top brand in the industry, Sannabis. Although the media gives the distributor credit for developing the product, it was developed, produced, and bottled by Sannabis.
Sannabis is working with an in-house distributor that will mass market the Sannabis Climax brand female lubricant spray to a different demographic with different price points and presentation so as to not directly compete with private label partners.
New Colombia Resources Announces Sannabis Subsidiary Receives Purchase Order for their Medical Marijuana Products from a Pharmacy Chain
Company Scientific Advisor, Dr. Robert Melamede Ph.D. now in Dubai introducing Sannabis products to Middle Eastern Countries
CALI, Colombia, April 20, 2016 /PRNewswire/ --
New Colombia Resources, Inc. (NEWC), a U.S. company with natural resource assets in Colombia, is pleased to announce that its subsidiary, Sannabis SAS, has received orders from an established pharmacy chain distributing natural products in southwest Colombia.
Natural Pharmacy chain Salud Semillas, a leading distributor of natural products with an established customer base in southwest Colombia, has placed an initial purchase order and developed a marketing plan to generate strong sales. In addition to having stores in upscale malls and shopping centers they also sponsor a morning health talk radio show to discuss their featured products. The show targets an area of 350,000 people and attracts 25-35,000 listeners daily from 8-8:30 am. Salud Semillas' marketing plan for Sannabis products includes radio talk shows, telemarketing group, internet sales, newspaper ads, and a direct to customer health magazine called "Buena Vida" which is distributed directly to thousands of customer's homes monthly by Salud Semillas' trained personnel in strategic neighborhoods. For more information on Salud Semillas visit http://www.saludsemillas.com. Their radio show is also broadcast in Spain, France, and Germany as well as online. To listen to the show tune into http://emisora.univalle.edu.co.
"After 20 years of hard work developing high quality medical marijuana products in Colombia, I'm pleased that we were finally able to establish a mainstream market, our orders are coming in droves," said Juan Pablo Guzman, Director of Sannabis in Colombia.
Dr. Robert Melamede Ph.D., scientific advisor to Sannabis and New Colombia Resources, is now in Dubai as a guest speaker at the World Congress on Oncology and Radiology held from April 18-20. He presented at the Novel Approaches to Cancer Therapeutics session. Dr. Melamede is a world renowned expert of the body's Endocannabinoid System and can easily educate world leaders on why cannabis cures and relieves. Dr. Melamede has firsthand knowledge of the effectiveness of Sannabis products in South America and is helping the company establish relationships and purchase orders with Middle Eastern countries. "The cannabis awakening is spreading across the world. The scientific knowledge of the unique healing powers of this plant are now known by more and more people around the world. The truth can no longer be suppressed by ignorance," stated Dr. Robert Melamede, Scientific Advisor to Sannabis and New Colombia Resources.
"In anticipation of having an approved export license, our approach to the international market is simple. You know cannabis cures but you don't want the hurdles of growing marijuana. Our region has grown the best medical strain for generations, we can grow and manufacture the highest quality 100% organic cannabis products for you at the most competitive cost possible. Colombian entrepreneurs are creating a new industry for the legal international medical cannabis and industrial hemp products market and we're proud to be a part of it," commented John Campo President of New Colombia Resources Inc.
New Colombia Resources Inc. Announces Results of Coal Surface Samples Showing High Grade Anthracite Qualities in Colombia
|Share Statistics |
|Avg Vol (3 month)3: ||206,075 |
|Avg Vol (10 day)3: ||18,756 |
|Shares Outstanding5: ||154.34M |
|Float: ||118.09M |
|% Held by Insiders1: ||23.49% |
The results are available on the Coal Specifications page of the company's new website, http://www.newcolombiaresources.com.
The samples taken by SGS in June were analyzed by SGS Minerals Services in Barranquilla, Colombia on July 11, 2013. Of the 9 samples analyzed, 7 were very high quality coal and 2 were lower quality coal. The Company is extremely pleased with the first two samples which showed High Grade (HG) anthracite values with an 80% fixed carbon content, .64% sulfur, and 9.5% ash. The company is not satisfied with the lower quality results of 2 samples and is waiting for a formal report from SGS to determine the locations and extraction method of these samples.
New Colombia Resources believes the majority of their coal has a coking coal to semi-anthracite rank. A paper titled Coal Resources of the Americas published by the American Geological Society stated "middle Guaduas is characterized by thick beds of shale that are subdivided by sandstone and good concentrations of mineable coal beds which make this unit the best coal producer." The paper goes on to say that "thermo metamorphic action changed the rank of the coal beds in Guaduas from bituminous to meta-anthracite." About SGS
SGS is the world's leading inspection, verification, testing and certification company. They are recognized as the global benchmark for quality and integrity. With more than 75,000 employees, they operate a network of more than 1,500 offices and laboratories around the world. Their core services can be divided into four categories: inspection, testing, certification, and verification. For more information visit http://www.sgs.co/en.
Our wholly owned coal mining concession, La Tabaquera, sits on the rolling hills of Guaduas, Colombia. Guaduas is believed by many to have the highest quality hard coking coal in the world. The Guaduas Formation Tertiary contains at least seven recorded coal seams, with an individual seam thickness of up to 2.0m, and a total coal thickness of approximately 12.0m.
The 57 HA La Tabaquera (in yellow) and the 390 HA mine La Herradura (in Orange), are located to the West of the La Bermeja Ravine, crossing Rio Guaduero from N to S, with a linear extension of 2.5 km N-S direction and .2 km approximately, from E-W