The Colombian Mining Field is encountering increased fortunes and fascination on the trunk of improved Government help and raising thing prices; there stays several appealing and available tasks suited to Junior Mining Companies and rising opportunities for Mining Gear, Technology and Services (METS) Companies.

Largely speaking the Colombian Mining Field contains three major thing organizations (Coal, Silver and Emeralds); a short summary of every has been presented below.

Coal. The Coal segment in Colombia is characterised by large thermal remains in the north of the united states, wherever you will find operators such as for instance Cerrejón, Drummond and Prodeco and smaller, thin seamed metallurgical remains positioned in both the heart of the united states and across the Venezuelan border. In practise the vast majority of the thermal coal mined is transported to ship launching features by teach, whereas the metallurgical coal mined is frequently transported by truck and/or a variety of truck/ barge. As a result of range, minimal running prices and excellent logistical systems the generation cost per tonne for thermal coal is minimal, whereas because of the smaller range and logistic difficulties, the price of providing metallurgical coal in Colombia is above business norms. Nonetheless new coal value increases signify these metallurgical remains can be used effectively under the purchase cost, creating for a nice-looking expense / buy chance for the Junior Mining Sector. Correspondingly it gift ideas an chance for the METS segment if they could provide systems, equiptment and/or procedures that increase efficiency, increase recovery and minimal the generation cost.

Emerald. The Emerald segment is rarely understood or identified in Colombia, though it has recently developed to become the biggest company of emeralds in the world. Traditionally the segment (located only a few hundred Kilometres north of Bogota in the province of Boyaca) has had a turbulent past, damaged by offense, hazardous functioning practises and crime, though the segment is changing and changing fast. Recently the Government has built substantial efforts to promote the location and what it has to offer to foreign mining companies, and they have been successful. To date three international mining organizations have joined the location bringing income, a readiness to create most readily useful practice and improved visibility, a certain example is Mineria Texas Colombia which acquired the Muzo Mine, the biggest emerald quarry in Colombia. The affect of those "new comers" has been an attempt to formalise the segment and to have a essentially hand mined business to a first class mining location with most readily useful practises, procedures and equipment. With this specific in mind the segment is perfectly positioned for METS companies looking to enter the Colombian industry, as Every thing is needed.

Gold. The Silver Mining segment is one of the very well-known and most readily useful understood groups in Colombia, although there is a extended record (and there remains) of large spread artisanal gold mining, there has already been several foreign mining companies that have joined the segment, such as for instance Red Eagle Mining, AngloGold Ashanti and Continental Gold. Particularly during the mid-2000´s large number of foreign held junior mining companies were productive in Colombia finding and building several prospective tasks, however with the GFC and the downturn in thing prices a number of these companies eventually remaining the marketplace, either selling there tasks or returning them to there original owners, meaning several exploration tasks (some with drilling and resource statements) exist, and some still with no investor or company growing the project antminer e9. This present an chance for new mining companies buying a project in Colombia.

The mining segment in Colombia stays a nice-looking location for foreign mining companies searching for tasks and/or METS searching for new clients. Though there are a few complexities and a great deal to understand and realize for new companies entering the marketplace, the opportunities exist and the potential is huge. Mixed with this specific, there is improved Governmental fascination in aiding foreign companies to enter the Colombian industry, through eliminating legislative obstacles, streamlining visa functions and actually functioning to improve the let software and approval process for mining projects.