Colombian cities are currently home to close to 80% of the country’s population, with the number expected to reach 83.4% in 2035, according to the National Administrative Department of Statistics. Despite efforts to develop efficient public transport solutions, rising urbanisation rates and increasing demand have outstripped supply,...
Despite slowing regional and global growth, Colombia saw its GDP rise 2.7% in 2018, up from 1.4% in 2017, according to the IMF. An important driver of this expansion of the economy has been rising investment in the transport and logistics sector. While the majority of investment comes from the private sector, state investment has also risen,...
While it is a polymetallic country with robust resources of coal, gold, copper, nickel and emeralds, Colombia’s mining sector remains underdeveloped, accounting for less than 2% of the country’s GDP since 2012. As a result of its potential, past and present administrations have long identified mining as a key pillar of the country’s economic...
With similar geological characteristics to its Andean neighbour Peru, Colombia’s gold potential has long attracted interest from local and international miners. The country’s gold deposits are concentrated in areas with metallogenic belts in the Departments of Antioquia, Santander, Tolima, Huila, Caldas, Nariño, Cauca and Bolívar. Gold was the...
With no major onshore oil discoveries since 2009, Colombia’s oil and gas reserves have dwindled. The country has thus turned to non-conventional deposits as a means to boost production in the medium to long term. While this segment has historically been dominated by offshore activity, the government’s aim to boost proven reserves, diversify...
As Colombia looks to improve investor sentiment and spur an infusion of foreign direct investment (FDI) in the mining sector, the administration of President Iván Duque has outlined detailed plans to reform existing community consultation guidelines, amid legal uncertainty regarding the awarding of project contracts.
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