Mining in Colombia
The mining industry is recovering visibly in Colombia. Now the country is opening up gold and coal plants for bids.
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Before March ends, Colombia plans to launch a first round of bidding for gold and copper exploration contracts. According to Mines and Energy Minister Diego Mesa, the first round of bidding will be for gold areas. Interested companies will have a chance to bid and target gold areas. Colombia wants to play a bigger role in the global mining market. The country is located at the northern end of the Pacific Copper Belt, which begins in Panama and ends in Chile. Chile is the world's largest copper producer. Several gold and copper exploration licenses have already been granted, but major projects still face regulatory and safety hurdles. Currently, mining accounts for about two percent of Colombia's gross domestic product. Problems with illegal mining have been and continue to be a problem in the country.
But there is gold and copper, among other things, and the country could therefore rise in the interest of mining companies. One company that is already active in Colombia is GoldMining. The company's gold and gold-copper projects are located in Peru, Canada, the USA, Brazil and, of course, Colombia. GoldMining has also founded the royalty company Gold Royalty.
Located between Peru and Colombia, Ecuador is another country that relies on the mining industry and wants to expand its international presence. Increasing mining exports are due to gold and copper. Here in southeastern Ecuador, for example, Aurania Resources is working on its prospective The Lost Cities-Cutucu project. The company is focusing on precious metals and copper in South America.
Latest corporate information and press releases from GoldMining (
www.resource-capital.ch/de/unternehmen/goldmining-inc/) and Aurania Resources(
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