Mining projects face fresh opposition in Colombia

Mining projects face fresh opposition in Colombia

Colombia M&A Funds Project & Infrastructure Finance

Colombia faces a common conundrum, but its frequency doesn’t make it any less painful. Like other countries rich in mineral resources, Colombia acknowledges that the process of mining is expensive and potentially destructive to the environment. But that’s where its wealth lies. Colombia’s legacy of more than 50 years of internal conflicts with guerrilla groups has left the country’s mineral resources largely untapped. Colombia ranks first in Latin America in coal and emerald resources and is a leading producer worldwide of both. It is also an important nickel producer, ranking second in the region. President Juan Manuel Santos’ government wants the country to also tap into extensive copper

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