The Minister of Mines and Energy Amylkar Acosta championed the role of the mining-energy sector in bringing foreign direct investment (FDI) to the country, even though there are signs that it has decreased, while President Juan Manuel Santos attributed the growth to his administration.
Members of the Civic Committee in Defense of the Las Ceibas Riverbasin will take their cause to the State Council in order to annul an E&P contract held by a subsidiary of Pacific Rubiales Energy (TSX:PRE), despite confirmations from the company and government that the E&P work will not go forward.
With a matter of days before the first round of Presidential elections, Farc and government negotiators announced that they have finally reached an agreement on the third agenda point: the illegal drug trade.
The top 6 producers represented 87% of Colombian production in 4Q13 but it would be wrong to think that they all have their production in the same departments.
After a seven year dispute and hours before a government mandated deadline, miners Drummond and Carrejón have reached an agreement to proceed with the extraction of methane gas associated with a coal deposit in La Guajira.
The reform of the system to distribute royalties from oil and mining have been detrimental to producing regions, forcing them to deal with the environmental and infrastructure issues create by the industries but without the benefit of royalty income, said the Minister of Mines and Energy Amylkar Acosta.
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