News and AnalysIs for

April 17, 2012 A “Conpes document” is a commitment by the government, and more importantly by the National Planning Department which controls the budget, to do something

Monday, April 16, 2012 It was widely reported in the Colombian press that 11 mining services firms from Australia are in the country looking for business. This mission was organized by the organization,

2012-04-01 07:00:00 The Canadian-born company managed to increase the credit limit that Bancolombia granted in 2011 from US$ 2.6 million to US$ 6.7 million, which will fund its short-term investments.

The chart shows the difference between Brent and WTI (weekly close in US$), with short-term fluctuations smoothed out by taking a 52 week trailing moving average.

Dr. Orlando Cabrales Segovia, President of the ANH, closes Asia roadshow promoting the Colombia Round 2012 competition… Tokyo, April 4, 2012.

April 2, 2012 Business newspaper Portafolio.co reports that Pacific Rubiales has expressed interest in participating in the Pipeline of the Pacific p

April 4, 2012. The Ministry of Mines and Energy reports that the average oil production in Colombia in March 2012 stood at 950,939 barrels per day (bpd), ie by 7.2% compared to the average of 887,000 barrels that was recorded in March , 2011.

This graph shows the latest Campetrol data, from 2010 which is the last full year for which data is available from the Colombian company regulator SuperSociedades.

Campetrol recently updated its statistics for rig utilization as of March 12, 2012. The number of reported rigs is down from 261 to 220 but utilization is up to 85%.

The table shows the results of a study by Ernst and Young, commissioned by Colombian industry associations Large Scale Mining Chamber, Colombian Chamber of Mining and the National Association of Businesspersons (Mining Chapter).