Colombia s mining sector will post solid industry value growth, supported by competitive operating costs and a strong project pipeline over the coming years. We forecast Colombia s mining industry value to increase from USD--.-bn in ---- to USD--.-bn by ----, averaging -.- annual growth. ...A peace deal will support security and social stability in Colombia, lending a boost to the country s mining industry over the long term by allowing the economic development of areas previously controlled by the FARC. Illegal gold mining will come under increasing scrutiny as improving gold prices encourage the activity, which has been criticised for its associations with criminal activity and causing mercury contamination of the local environment. In August, lawmakers proposed a bill to impose stricter penalties on miners using mercury and other chemicals in their operations, including up to -- years in prison and higher fines. ...Illegal gold mining will come under increasing scrutiny as improving gold prices encourage the activity, which has been criticised for its associations with criminal activity and causing mercury contamination of the local environment. In August, lawmakers proposed a bill to impose stricter penalties on miners using mercury and other chemicals in their operations, including up to -- years in prison and higher fines.
...We forecast Colombia s coal production to see steady growth, from --.- million tonnes (mnt) in ---- to ---mnt by ----, averaging -.- annual growth. In Q---, Colombia s coal output increased by -.- y-o- y, to --.-mnt. ...In Q---, Colombia s coal exports to India jumped to -.- billion tonnes (bnt), from nothing since ----, while exports to Japan more than quadrupled to ---mnt. On October -, the Colombian government will hold a public referendum on a final peace deal with the insurgent group Fuerzas Armadas Revolucionarias de Colombia (FARC), which will formally end the decades-long armed conflict (see Peace Deal Will Usher FARC Into Political Process , August --). A peace deal will support security and social stability in Colombia, lending a boost to the country s mining industry over the long term by allowing the economic development of areas previously controlled by the ...On October -, the Colombian government will hold a public referendum on a final peace deal with the insurgent group Fuerzas Armadas Revolucionarias de Colombia (FARC), which will formally end the decades-long armed conflict (see Peace Deal Will Usher FARC Into Political Process , August --). A peace deal will support security and social stability in Colombia, lending a boost to the country s mining industry over the long term by allowing the economic development of areas previously controlled by the
...Colombia s coal production growth will continue to be driven by international major miners, supported by low operating costs and vast reserves over our forecast period to ----. For instance, the country s largest mine, Carbones de Cerrejon, jointly owned by BHP Billiton, Glencore and Anglo American (looking to divest), will remain well-positioned to increase output over the coming years. ...
