As the Colombian economy continues to feel the negative impact of reduced commodity prices, the quest to improve national transport networks has become more important. Although the country posted annual growth of above 4% between 2010 and 2014, more conservative prospects for 2016 have brought caution, especially with the fall in the price of...
What port management upgrades are needed to meet the projected increase in demand? COSTA: Colombia’s defective transport infrastructure has a direct impact on its competitiveness, logistics performance and, more generally, on its potential for economic growth. In order to achieve the necessary upgrades, Colombia needs to invest in...
The cities of Colombia are becoming increasingly connected, thanks to new urban transport systems that are being built to meet demand from a rising number of daily commuters.
The drop in commodity prices, particularly gold, has created challenges for both the government and private players in Colombia’s mining industry. In 2015 Goldman Sachs ended its brief foray into the natural resources sector, selling its coal-mining division to Murray Energy. The US investment bank had paid around $200m for Coalcorp’s La...
While its Pacific Alliance partners Chile, Peru and Mexico have developed large formal mining sectors, Colombia’s internal conflict has prevented it from following suit. Although the country was home to prolific gold mines during the colonial era, at present only 10-15% of the 57 tonnes of gold produced each year comes from registered, tax-paying mining companies. The rest...
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