New Colombia Resources Inc. has received approval from the Agencia Nacional de Mineria (ANM) for concession contract JJF-15481 for 1186 ha. (2930 acre) of metallurgical coking and thermal coal and other grantable minerals.
The concession contract was signed last year between the National Mining Agency, ANM and Erasmo Almanza, Director of New Colombia Resources. The announcement is being made now to make shareholders aware of this development and because the contract is now current on its taxes.
This concession contract is 11 KM parallel to the Ruta del Sol mega road project that connects central Colombia to the Caribbean coast. Transportation of coal or raw building materials from this concession will benefit greatly from the Ruta del Sol. The sizable mining title stretches two municipalities, Guaduas and Caparrapi.
This contract adds to the portfolio of New Colombia Resources, which includes a soon to be signed contract for 183.3 ha (452 acres) contiguous to their current concession contract # ILE-09551 in Guaduas, Colombia. That new concession contract application number is OG2-10451. On 15 April 2016, the ANM posted a notice for Mr Almanza to accept new terms for the concession contract within 30 days and adjust the Exploration Program Format A. The company intends to accept the terms of the contract and has adjusted the Format A as requested.
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/mining/11052016/new-colombia-resources-announces-anm-concession-contract-approval-752/