Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
  • About us
  • Support us
  • Contact Us
  • Intelligence
  • Advertising
  • Newsletter
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Colombia mining, oil companies to sell shares

by Newswires November 11, 2010

Colombia news - Mining

Colombian mining and oil companies may sell shares in initial public offerings next year as integration with Peru and Chile boosts investor demand, Juan Pablo Cordoba, president of the nation’s stock exchange, said Wednesday.

Investors in Peru and Chile, who will be able to buy shares on all three exchanges in January, have also expressed interest in Colombian banking stocks, Cordoba said in an interview in Lima.

“We have good momentum in gold, oil and gas in Colombia, so there’s a lot of investor interest in that area,” Cordoba said. “There’s a significant portfolio of companies looking to list on the Colombian market, which is a very attractive and deep source of financing.”

Colombia has lined up $50 billion in mining and energy projects through 2015, according to the Mines and Energy Ministry. Mining companies, including South Africa’s AngloGold Ashanti Ltd. and Canada’s Greystar Resources Ltd., are exploring for gold in Colombia, while London-based Rio Tinto Group is studying an aluminum project.

Central American companies seeking lower costs and access to a deeper investor base may also try to list shares on the integrated exchange, Cordoba said.

The integrated Andean market will have a value of $661 billion, second in Latin America behind Brazil’s $1.75 trillion, according to data compiled by Bloomberg.

The IGBC Index fell 2.5 percent to 15,830.63, while the Colcap Index dropped 2.5 percent to 1,889.62. (Alex Emery / Bloomberg)

economyminingoilstocks

Trending

  • Tensions in Colombia over lost COVID-19 vaccine shots

  • Colombia’s COVID-19 vaccination campaign shows first cracks

  • Coronavirus crisis bankrupted 500K of Colombia’s small businesses

Weekly interviews and news updates

Related articles

  • Glencore to abandon mining in Colombia amid growing woes

  • Colombia’s top bankers could face 4 years in prison, but evidence of tax evasion ignored

  • Colombia not considering new coronavirus lockdown

  • Facebook
  • Twitter
  • Linkedin
  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top