New Colombia Resources, Inc. (NEWC) to Advance La Tabaquera Coal Project by Selling Raw Building Materials into Hungry Columbian Market
New Colombia Resources, which is primarily focused on developing high-quality metallurgical coal properties in the Republic of Colombia, announced a brilliant strategic move today as the company will be rapidly moving to offset the closure of all the rock quarries in Bogota by environmental authorities via their own plans to begin extracting raw building materials from the company's 100%-owned flagship La Tabaquera coal project in Guaduas (estimated 17M tonnes of reserves), starting as early as this January. This is a marriage of pure logistical upside and mounting demand, as the requirements generated by the Columbian government's sweeping Fourth Generation Highways…