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

Gold production to soar in Colombia

by Camilla Pease-Watkin February 5, 2010

Colombia’s gold production is expected to double by 2012, due to improvements in the country’s security conditions, and new discoveries which indicate that the country has abundant supplies of the metal, announced the manager of Ingeominas, Mario Ballesteros, to Colombian media.

The country could potentially produce up to 3 million troy ounces of gold in 2012, almost double the 1.57 million mined in 2009 and far more than the 501,500 ounces of 2006.

“Colombia has medium- to large-scale gold deposits that are as yet unexplored, because local and foreign companies were afraid to explore in areas where the guerrillas were active,” explained Ballesteros.

Mining companies are searching for gold across 1.69 hectares, with 1,536 “gold certificates” issued by the government since 2004 and 7,700 waiting to be approved.

Colombia has been the main producer of gold since 1937 and could attract up to 3.3 million dollars of foreign investment in the next three years.

foreign investmentgoldmining

Trending

  • Colombia registers 12th massacre so far this year

  • Journalist resigns after pulling editorial punch at Colombia’s richest man

  • Colombia’s elderly still waiting for COVID-19 vaccines

Weekly interviews and news updates

Related articles

  • Glencore to abandon mining in Colombia amid growing woes

  • State Council upholds Colombia’s ban on fracking while government is granting licenses

  • Northern Colombia mining region shocked by 2nd massacre this month

  • Facebook
  • Twitter
  • Linkedin
  • RSS

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


Back To Top