Why Colombia?

Colombia provides a unique opportunity for gold exploration. Formerly the largest gold producer in Latin America, the country has produced over 80 million ounces of gold. Civil unrest has prevented the country from experiencing the exploration boom of the 1980s that propelled Peru and Brazil to become major gold producers.

Improved security conditions since 2002 under the Democratic Security Policy of the administration of former President Alvaro Uribe have allowed a new wave of modern exploration. At the same time, Colombia's cities have prospered and developed into modern business hubs complete with the high standard of infrastructure and services that exploration and mining companies require.

Mining is a significant sector in the economy of Colombia and one of the country's largest export sectors. There is a variety of minerals, including gold, nickel, silver, platinum, copper and uranium, in mines throughout the country.  Colombia is the largest exporter of high quality emeralds in the world.

ECONOMY

QUOTES AND STATISTICS ON COLOMBIA

  • Colombia has one of the most stable economies in Latin America, keeping a steady growth rate over the last decade
  • Under Colombia mining law, foreign individuals and corporations have the same rights Colombian individuals and corporations, and Colombian governmental regulatory bodies are specifically prohibited from requiring any additional or different requirements than would be required of a Colombian individual or corporation
  • Colombia is perceived as the only Latin American country that repays its foreign debt on a timely basis
  • The Colombian labour force is considered to be one of the most qualified and competitive in Latin America in terms of costs at management and operational levels. Colombia has one of the most flexible labour regulations in Latin America
  • Colombia is strategically located at an intermediate point between North and South America. Its coastlines run along the Pacific and Atlantic Ocean and it has a modern port infrastructure
  • Colombia is the third largest market in size in Latin America, after Brazil and Mexico, with a population of approximately 44 million people
  • Colombia has one of the highest percentages of public utility coverage in Latin America. It has a modern telecommunications infrastructure and has invested substantially in the transportation infrastructure
  • More than 400 multinational companies operate in or trade with the country

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