News and AnalysIs for

Bottom Line: The indigenous community consultation phase for the new Mining Code will start next week.

Bottom Line: Venezuela proposes maintaining prices between US$80 and US$120/barrel. Colombia agrees. The question of course is whether the price can be controlled in the face of demand-side uncertainty.

July 4, 2012 The  Colombian press has widely reported the death of five Ecopetrol maintenance sub-contractors in a bombing.

Bottom-Line: Fenoco transports thermal coal to the Colombian coast.The intervention will definitely cause disruption in the company.

Bottom Line: Cundinamarca coal producers say production will fall this year and want the government to expand available territory for production.

Source: ACP, ANH, Hydrocarbons Colombia

Actuals to April 2012