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The old guard strikes back: complaints about the new royalties system

With the MinMinas and National Planning Department (DNP) crowing last week about the new royalty distribution system, it was inevitable that there would be a reaction from those less favored.

Wednesday, August 8th, 2012
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Minister of Transport is critical for Colombia’s metallurgical coal industry

Colombia’s thermal coal deposits are conveniently located within a few hundred kilometers of the country’s Caribbean coast.

Wednesday, August 8th, 2012
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The government of Juan Manuel Santos will bring natural gas to Pasto: Minminas

August 4, 2012 The Minister of Mines and Energy, Mauricio Cardenas said Saturday that the government of Juan Manuel Santos will bring domestic natural gas to the city of Pasto, the only capital city without such service. It will take two years.

Wednesday, August 8th, 2012
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Petrominerales is pleased to report scary results

August 5, 2012 On August 2 2012, Petrominerales wrote that it was “pleased to announce our 2012 second quarter financial results”.

Monday, August 6th, 2012
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Environmental damage caused by oil spill under investigation.

Bottom Line:  An oil spill into a waterway from the only well belonging to a little-known operator. Security issues in the zone prevented officials from arriving in a timely manner so most of this article is an extended “not my fault”.

Monday, August 6th, 2012
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ANH auctions 4 unconventional blocks in Caguán-Putumayo Basin

Outside the 2012 Round of new blocks, ANH will auction four unconventional blocks that were taken back from Montco Energy for problems with legal documentation.

Saturday, August 4th, 2012
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Four myths about the new royalty law

Bottom Line: The National Planning Director (in charge of budgeting and planning for the Colombian government and in many ways more powerful than some ministers) corrects some misconceptions about the new royalty system. Only if the distribution of royalties is perceived to be fair and effective will the extractive industries be viewed as positive for the economy, for shareholders and for the country as a whole.

Friday, August 3rd, 2012
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Colombian gas distributors see benefits from gas exportation

Colombian business newspaper Portafolio interviewed Eduardo Pizano, head of the natural gas distributors association Naturgas.

Friday, August 3rd, 2012
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Crude Oil Price Trends

Source: Financial Times and Hydrocarbons Colombia Staff

Wednesday, August 1st, 2012
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MinAmbiente on Strategic Mining Areas: Stopping the trend

By: Frank Pearl Minister of Environment and Sustainable Development ministro@minambiente.gov.co Bottom Line: The good thing about this article is that it mirrors what the Minister of Mines and Energy has been saying.

Wednesday, August 1st, 2012
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