News and AnalysIs for

April 25, 2012 From an Ecopetrol Press Release … Ecopetrol announces the discovery of hydrocarbons in the Tisquirama Este-1 exploratory well, located in the municipality of San Martin, Cesar. In initial tests, the well produced 624 barrels of oil per day

Let’s start from the proposition that, like it or not, royalties are necessary. They are necessary because with oil over US$100 a barrel, Colombian gas prices over U$2 and nearly US$3 per gallon, Pacific Rubiales stock up 6000% since its inception and Ecopetrol declaring record profits, oil looks like a money making machine.

April 11, 2012 It is widely reported in the Colombian press that local firm Trenaco made its first shipment of 42,200 tons of Colombian metallurgical coal to China.

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.