New Colombia Resources Inc fka NEWC

[califax]

New Colombia Resources Inc. Issues Letter to Shareholders

April 26, 2017
https://finance.yahoo.com/news/colombia-resources-inc-issues-letter-193249174.html

BARRANQUILLA, COLOMBIA--(Marketwired - Apr 26, 2017) - New Colombia Resources, Inc. ("the Company") ( OTC PINK : NEWC ), a Colombian natural resource company listed in the U.S., with premium metallurgical coal and medical marijuana assets, is pleased to issue this letter to shareholders.

Dear Shareholders:

New Colombia Resources would like to thank all of our shareholders that believe in the Company. It could not be a better time for New Colombia due to the geo political environment for both coal and medical marijuana, two of the hottest industries in the World. Metallurgical coal, our main asset, has seen a surge in prices to six year highs. Metallurgical coal was the best performing commodity in 2016 with a price gain of over 85% and the trend is continuing this year, on April 17, 2017 spot prices for met coal were over $ 314 per tonne. Our cost to get metallurgical to the ports in Colombia is under $ 60 per tonne.

We have two coal properties we're developing, a wholly owned concession contract ILE-09551 in Guaduas, and concession contract JC3-15231in Cucuta, which is a JV with MSG Mining Corp. Additionally, we're entering into operating agreements for 8-10 mines that are producing between 1000-4000 tonnes/month of coal each. We will ramp these to double their production to fill several orders that are being negotiated as well as an existing order announced earlier this year. We've asked the Buyer of that order for an extension on the first delivery and are awaiting their response. We'll be working with financial instruments to finance our coal activities backed by standby letters of credits from Buyers going forward.

On Monday, I had a meeting at the National Mining Agency (ANM) that provides us with coal buyers that contact the agency. Several of these contacts will be turning into contracts. The ANM has been very helpful and I greatly appreciate their collaboration. While at the ANM we were notified to accept the approval of coal Concession Contract OJ8-08091 for up to 288 hectares of coal granted on March 22, 2017, to see notice visit, https://www.anm.gov.co/sites/default/files/atencion_minero/estado_056_del_10_de_abril_de_2017.pdf

On November 11, 2013, we filed an 8K when we applied for this concession contract, visit https://www.sec.gov/Archives/edgar/data/772370/000107878213002185/f8k111213_8k.htm

The Guaduas Formation metallurgical coal seam has been exploited from Boyacá, north east of Guaduas for over 30 years. The formation forms in Guaduas, hence the name, this is a mega project that we will pioneer with several mining titles already granted and more to come. For an estimate of reserves or our first mining concession contract ILE-09551 visit, http://www.newcolombiaresources.com/assesment.php

In late March 2017, we began shipping thermal coal to Puerto Brisa to fill a 3000-10,000 tonne per month contract entered into by our subsidiary, Compania Minera San Jose Ltda. Coal is being sourced from third parties to fill this order. Approximately 15 truckloads were sent and paid for in the first 10 days until the Buyer had a problem with port capacity. Trucks were waiting up to 48 hours to offload causing shipping delays and additional stand by costs. Shipments were expected to begin last week but were again delayed due to the port issues. The Buyer has since reserved more space at the port and deliveries should commence this Friday. To see pictures of our first coal truck and port delivery click the following link, although to some these don't mean much, to me it documents the beginning of decades of coal shipments and millions of tonnes, https://drive.google.com/open?id=0BxSKP5j2FlseaDFxVHhtc1RxWlk

I've secured another port in Cienega on the Atlantic Coast with a 600,000 tonne coal yard and the ability to support 150,000 tonne ships. This port, next to Prodeco's Puerto Nuevo, has all of its environmental permits, 24-hour security, and a conveyor belt system to load coal onto mega freighters. They accept deliveries 24 hours a day and their capacity is available to us since it is mostly being used to import and distribute petroleum products that are sold to trucking companies, there are hundreds of trucks available to us at this port.