New Colombia Resources, Inc. announced today it received approval from the Agencia Nacional de Mineria (ANM) of 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 Concession 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.