New Colombia Resources Submits Application for Ano
Post# of 579
Posted On: 07/11/2013 9:23:27 AM
New Colombia Resources Submits Application for Another Coal Concession
Colombia's National Mining Agency accepts new applications after a two year suspension
http://finance.yahoo.com/news/colombia-resour...00674.html
BOGOTA, COLOMBIA - (July 11, 2013) - New Colombia Resources, Inc. (NEWC) submits application for additional acreage. In early 2011, the Colombian government suspended the granting of mining concessions in order to carry out a complete reorganization of the sector, including the creation of new entities to research, manage and monitor the development of the country's mineral resources . Colombia is the world's fourth biggest coal exporter and according to the 2012 BP Statistical Energy Survey, Colombia had year end 2011 coal reserves of 6746 million tonnes, equivalent to 78 years of current production and 0.78% of the world total. This coal consists of high-quality bituminous coal and a small quantity of metallurgical coal.
South American mining companies received encouraging news last week that after a two-year suspension that Colombia’s national mining agency (ANM) has reopened its application process for new mining concessions through a web-based platform . The platform was launched on July 2.
Large-scale miners and junior explorers with operations and projects in Colombia, such as New Colombia Resources, Inc., see this as an opportunity to be in position to capitalize on Colombia’s highly sought after resources, as the country is the largest producer of coal in Latin America. Just last year, the country recorded an output of 89.2Mt. In 2012, Colombian officials have outlined 313 strategic mineral areas with a total of 2.9Mha. Metallurgical coal and other strategic minerals have been identified within the areas.
To immediately take advantage, New Colombia Resources has submitted an application for an additional 148Ha through ANM’s new platform. The company has received an application number and is hopeful to acquire more high-quality metallurgical coal properties to add to its portfolio , which already includes 100 percent of La Tabaquera coal mine.
http://finance.yahoo.com/news/colombia-resour...00674.html
Colombia's National Mining Agency accepts new applications after a two year suspension
http://finance.yahoo.com/news/colombia-resour...00674.html
BOGOTA, COLOMBIA - (July 11, 2013) - New Colombia Resources, Inc. (NEWC) submits application for additional acreage. In early 2011, the Colombian government suspended the granting of mining concessions in order to carry out a complete reorganization of the sector, including the creation of new entities to research, manage and monitor the development of the country's mineral resources . Colombia is the world's fourth biggest coal exporter and according to the 2012 BP Statistical Energy Survey, Colombia had year end 2011 coal reserves of 6746 million tonnes, equivalent to 78 years of current production and 0.78% of the world total. This coal consists of high-quality bituminous coal and a small quantity of metallurgical coal.
South American mining companies received encouraging news last week that after a two-year suspension that Colombia’s national mining agency (ANM) has reopened its application process for new mining concessions through a web-based platform . The platform was launched on July 2.
Large-scale miners and junior explorers with operations and projects in Colombia, such as New Colombia Resources, Inc., see this as an opportunity to be in position to capitalize on Colombia’s highly sought after resources, as the country is the largest producer of coal in Latin America. Just last year, the country recorded an output of 89.2Mt. In 2012, Colombian officials have outlined 313 strategic mineral areas with a total of 2.9Mha. Metallurgical coal and other strategic minerals have been identified within the areas.
To immediately take advantage, New Colombia Resources has submitted an application for an additional 148Ha through ANM’s new platform. The company has received an application number and is hopeful to acquire more high-quality metallurgical coal properties to add to its portfolio , which already includes 100 percent of La Tabaquera coal mine.
http://finance.yahoo.com/news/colombia-resour...00674.html
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