New Colombia Resources Inc fka NEWC

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South Korea's power have signed large orders of Colombian coal
13 May 2016 - Japan resumes coal imports from Colombia
http://www.enerdata.net/enerdatauk/press-and-publication/energy-news-001/japan-resumes-coal-imports-colombia_37091.html
Japanese traders have resumed coal imports from Colombia, which ended in January 2014, ordering around 50 to 100 kt of Colombian coal for delivery in the summer months.
Colombian miners are targeting Asian buyers to find new customers as their traditional North American and European markets remain sluggish. They succeeded in reducing costs and freight rates, enabling profitable exports to Asia; the extension of the Panama Canal, expected in June 2016, should also contribute to boosting Colombian exports to Asia.
South Korea's power utilities have also recently signed large orders of Colombian coal: South Korea's East-West Power has ordered 670 kt of Colombian coal for delivery between June and August 2016, while Korea Midland Power (KOMIPO) has ordered 250 kt of Colombian coal for delivery between July and September 2016 at US$44/ton, i.e. US$6/ton less than Australian coal. Higher quality and competitive prices are likely to erode the market share of Indonesian and Australian coals and to depress Pacific prices.


South Korea May met coal imports up 18pct on yr
Jun 17, 2016 | en.sxcoal.com | Edited by Evie Feng
http://en.sxcoal.com/122/147961/DataShow.html
South Korea imported 2.65 million tonnes of metallurgical coal in May, including coking coal and PCI coal, down 9.93% on month but rising 17.97% on year, according to the latest customs data.

The Asian country imported 2.18 million tonnes of coking coal in the month, climbing 8.73 from April and up 31.65% from a year ago.

Of the total coking coal imports, Australia shipped 1.03 million tonnes to South Korea, dropping 3.26% from April, but surging 56.93% from the same month in 2015.

This was followed by Canada with an export of 547,652 tonnes, soaring 120.74% on month and up 2.29% on year.

South Korea’s coking coal offtake from Russia stood at 272,388 tonnes, falling 26.66% from the previous month, but rising 94.45% from the year-ago level.

The other main suppliers of coking coal in the month included the USA with 221,948 tonnes, rising 30.9% from April and up 6.67% year on year; China with 107,444 tonnes, 3.5 times higher than April, and climbing 32.31% compared with the same month of last year; and Columbia with 1,539 tonnes, almost twice higher than the April level, and also rising 13.24% on year.

In May, South Korea imported 464,764 tonnes of PCI coal, sliding 50.14% on month and down 20.73% on year.

Australia was the largest PCI coal supplier to South Korea in May at 319,901 tonnes, dipping 39.07% on year, followed by Russia at 112,352 tonnes, up 461.76% from the previous year.

The country’s offtake of coke reached 32,734 tonnes in the month, dropping 4.16% on month and falling 2.6% on year.