A combination of an improved investment environment from a security standpoint and rising international commodity prices have been the principal causes of the recent growth in the extractive industries. The booms experienced by the mining and hydrocarbons industries have in turn sparked a rapid increase in royalties collected and distributed to...
The identification of the mining sector as a driver of economic growth by the incumbent administration was largely, and rationally, based on geological potential. While large coal reserves are well documented, along with smaller deposits of gold, copper, emeralds and other minerals, the most attention-grabbing aspect of the country’s geological make...
Given that electricity demand is growing at 4% per year, how will future growth be met?
The mining sector has become an increasingly attractive investment target for various reasons. Foremost is the fact that Colombia possesses a diverse geology that is home to an assortment of precious minerals and metals. With access to both the Pacific and Atlantic Oceans, it also provides a strategic location from which to export. Due to decades of...
A significant milestone was reached in 2012 when Colombia finally surpassed 1m barrels per day (bpd) in crude oil production. However, this achievement masks the fact that at 2012 production levels, the country will run out of oil reserves in less than six years, despite its new status as the third-largest producer of crude in South America....
The past decade has been something of a reawakening for the mining industry, as improved security and political support have resulted in increased investment and mineral production. A polymetallic country with robust resources of coal, gold, copper, nickel and emeralds, Colombia is also relatively unexplored. A 2012 Ministry of Mines and Energy (...
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