Over $7B of mining investments stalled in Colombia
In a growing snowball of bad news for Colombia’s mining industry, global mining site Mining.com reported that $7.3 billion of mining investments have been stalled in the country due to…
In a growing snowball of bad news for Colombia’s mining industry, global mining site Mining.com reported that $7.3 billion of mining investments have been stalled in the country due to…
The U.S.-based Drummond Company is claiming that the recent suspension of its shipping licence by the Colombian government is a violation of its legal rights.
Colombia’s Comptroller General, Sandra Morelli, announced on Wednesday that the country’s highest fiscal control institution is currently investigating three cases in total against US mining company Drummond for tax obligations…
US coal giant Drummond has shown little interest in alternative proposals by the Colombian government enabling it to continue exporting coal after its port was closed down by the authorities,…
Colombia President Juan Manuel Santos sent his environment minister to the Caribbean coast to make sure US coal giant Drummond halts the loading of coal onto ships until it is…
Colombia’s environmental authority fined US coal giant Drummond for $3.5 million on Thursday for the miner’s dumping of more than 2000 tons of coal in the Caribbean Sea near the…
Colombia’s Comptroller has accused Alabama-based mining company Drummond of withholding $50 million in royalties from Colombia’s government over 10 years.
Some 10,000 direct and indirect employees of US-based Drummond Ltd. returned to regular activities at the multinational coal giant’s primary production and shipping sites in Colombia starting Monday, after a controversial ruling…
A series of extended work stoppages this year in Colombia’s coal-mining sector have meant losses of close to $250 million for the industry and the country, according to economists.