The Colombian Mining Sector is encountering increased fortunes and interest on the back of increased Government help and raising product prices; there stays numerous attractive and accessible tasks suitable for Junior Mining Companies and increasing opportunities for Mining Gear, Engineering and Companies (METS) Companies.
Generally speaking the Colombian Mining Sector contains three principal product organizations (Coal, Silver and Emeralds); a brief overview of each has been presented below.
Coal. The Coal market in Colombia is characterised by big thermal remains in the north of the nation, where you will find operators such as Cerrejón, Drummond and Prodeco and smaller, slim seamed metallurgical remains positioned in both centre of the nation and across the Venezuelan border. In practise the vast majority of the thermal coal mined is transferred to ship loading services by prepare, whereas the metallurgical coal mined is often transferred by truck and/or a variety of truck/ barge. Because of the range, low functioning fees and excellent logistical systems the manufacturing price per tonne for thermal coal is low, whereas as a result of smaller range and logistic problems, the expense of providing metallurgical coal in Colombia is above market norms antminer e9 for sale. Nonetheless new coal cost increases mean that these metallurgical remains may be exploited effectively below the purchase price, creating for an attractive investment / buy chance for the Junior Mining Sector. Correspondingly it gift ideas an chance for the METS market if they are able to provide systems, equiptment and/or procedures that increase efficiency, raise healing and low the manufacturing cost.
Emerald. The Emerald market is seldom recognized or identified in Colombia, although it has recently grown to become the greatest company of emeralds in the world. Historically the market (located only some hundred Kilometres north of Bogota in the province of Boyaca) has already established a turbulent past, marred by crime, hazardous working practises and corruption, however the market is adjusting and adjusting fast. Recently the Government has produced significant attempts to market the area and what it provides to international mining organizations, and they have been successful. Currently three international mining organizations have joined the area getting income, a willingness to create most useful exercise and increased transparency, a particular case is Mineria Texas Colombia which ordered the Muzo Quarry, the greatest emerald quarry in Colombia. The influence of these "new comers" has been an endeavor to formalise the market and to have a fundamentally hand mined market to a world class mining area with most useful practises, procedures and equipment. With this specific at heart the market is perfectly positioned for METS organizations seeking to enter the Colombian market, as Every thing is needed.
Gold. The Silver Mining market is one of the very well-known and most useful recognized industries in Colombia, though there is a extended record (and there remains) of large spread artisanal gold mining, there's also been numerous international mining organizations which have joined the market, such as Red Eagle Mining, AngloGold Ashanti and Continental Gold. Particularly during the mid-2000´s big number of international owned junior mining organizations were active in Colombia finding and developing numerous potential tasks, but with the GFC and the downturn in product prices many of these organizations ultimately remaining industry, often offering there tasks or returning them to there unique homeowners, meaning numerous exploration tasks (some with drilling and resource statements) occur, and some still without an investor or organization progressing the project. That present an chance for new mining organizations buying project in Colombia.
The mining market in Colombia stays an attractive area for international mining organizations looking for tasks and/or METS looking for new clients. Although there are a few difficulties and a great deal to understand and understand for new organizations entering industry, the opportunities occur and the possible is huge. Mixed with this particular, there is increased Governmental interest in aiding international organizations to enter the Colombian market, through eliminating legislative limitations, streamlining credit procedures and ever working to improve the enable application and acceptance process for mining projects.