MIAMI, FL, United States, via ETELIGIS INC., 06/11/2015 – – New Colombia Resources, Inc. ("New Colombia” or the “Company”) (OTC Pink: NEWC) (PINKSHEETS: NEWC), a U.S. company with coal and other resource assets in Colombia, announces they are targeting specialty metal producers for their specialty metallurgical coal. They are being approached by buyers interested in securing a source for their rare, high demand coal.
Blue Gem coal is an extremely high grade of coal that is only found on the Kentucky-Tennessee border and Colombia. It is characterized by its low ash and sulfur contents as well as its hardness. Because of its purity, Blue Gem is one of the most sought-after grades of coal in the world and is used in many different countries.
Blue Gem Coal is a high carbon, low ash, low fusion and low grind (very hard) coal. The coal reserves at New Colombia Resources’ mine are of the highest quality with 73% Carbon content, 2.9% Ash, 0.7% Sulfur producing over 15,000 Btu/lb. For specifications of New Colombia’s coal visit http://www.newcolombiaresources.com/coal_specs.php.
The primary use for Blue Gem coal is Silicon metals. Very few coals in the world can processed to have low ash levels at the hardness required by Silicon manufactures. Silicon has a higher capacity than carbon, so it has a major role in the future of the lithium battery industry and the development of lithium batteries in Electric Cars, laptops, and smart phones and devices. There are Silicon plants being built in Canada, Mississippi, and several in Iceland.
With the ever increasing demand for silicon metals and silicon products, Blue Gem Coal mineable reserves are becoming increasingly more valuable. Historically, specialty metallurgical coals bring an FOB mine price that is typically the highest priced of any grade of coal produced.
New Colombia Resources plans to partner with a specialty metal producer or specialty metallurgical coal miner to develop its coal property as they independently process and distribute aggregates in their region. In addition to coal, the Company has sufficient raw material resources to supply the local aggregate market. Last year they purchased a 100 m3/hour rock crushing plant that will be put into operation as soon their environmental license is approved.
The environmental agency (CAR) advised them of a pending community outreach visit. The Company has very strong ties to the community and has their full support. New Colombia Resources owns the mining title and land where they have been clearing brush in anticipation of production using local community labor. Short term delays at the agency have been caused by their priority to close illegal rock and coal mines, this creates a long term advantage to legal rock and coal mines since it cuts supply during booming demand. Colombia’s building sector grew by 10% in 2014 and global Silicon demand reached an all time high last year. The agency has hired more personnel to speed up approvals. “I assure you the Company will maintain constant contact with the agency until and after the environmental license is approved and follow their every recommendation to become stewards of our environment and ensure the safety of our workers,” stated John Campo, President of New Colombia Resources.
For more information on New Colombia Resources visit www.newcolombiaresources.com
Additionally, New Colombia Resources’ subsidiary, Sannabis, is producing new and exciting products, gaining distributors, and pioneering many efforts in their industry in Colombia. A detailed update will be provided. 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. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. 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.
New Colombia Resources, Inc.
New Colombia Resources, Inc., mining subsidiary
Cia. Minera San José Ltda.
Guaduas, Cundinamarca, Colombia
SOURCE: New Colombia Resources, Inc.