There are eight projects for industrial production of medium and large-scale copper in Colombia, to which the country will bet in the next two years, in its intention to make the metal become a key part in the energy transition.
If you want to find more about the copper mining projects in Colombia and to read the latest mining news in the world, download for free the Mining News App.
Quebradona copper complex is the one that has attracted the most attention from the mining sector
In addition to the Quebradona initiative in Antioquia, considered by the National Government as a Project of Strategic National Interest (Pine), the Ministry of Mines and Energy has been monitoring the development of copper mining complexes such as El Roble, Volador, Mandé Norte and El Carmen in Chocó.
Likewise, the projects of San Matías in Córdoba, and Cómita and Pantanos in Antioquia are added. Precisely these last two were included a few months ago in the list of the mining and energy portfolio for copper production, and the investment for the development of each complex was traced to more than $175 million.
“The work is to promote industrial and large-scale mining in order to diversify the matrix and thus not depend so much on coal, and to make an emphasis on the production of metals, as is the case with copper,” said Diego Mesa, Minister of Mines and Energy.
In the case of Quebradona (municipality of Jericho, Antioquia) this copper complex is the one that has attracted the most attention from the mining sector in the country. Currently, the project is in the phase of revision of the Environmental Impact Study (EIS) before the National Environmental Licensing Authority (Anla).
Similarly, the Secretary of Mines of the Government of Antioquia, as a mining authority, is currently analyzing the Plan of Works and Projects (PTO).
“What we did was to use the legal tools that were created through the Benefit and Collective Interest Law (BIC) to guarantee to third parties that the project is placing economic benefit at the same level of importance as social benefit (communities of influence) and environmental benefit,” emphasized Felipe Márquez, president of AngloGold Ashanti, the multinational in charge of the project.
In addition, the El Roble and Volador industrial complexes of the Canadian companies Atico Mining and Rugby Mining, respectively, Mandé Norte of the US company Muriel Mining Corporation, and Minera Cobre will also begin to put Colombian copper on the national and international radar.
The El Roble mining project is located near the municipal seat of Carmen de Atrato (Chocó). Its operation is subway and the metal is considered of high quality. Since 2014, Atico Mining acquired 90% of its operation and has since brought its extraction to levels of 280,000 tons per year. To date, it is the first mine that produces the aforementioned metal in the national territory.
For its part, the Rugby Mining Flying Initiative is located in the municipality of Cobrasco (Chocó). The concession covers 3,000 hectares and the title is subject to a Net Smelter Royalty of 1%.
“If the necessary permits are granted for drilling, exploration will begin with a focused program of geological mapping, geochemical sampling and ground geophysical surveys to follow historical geochemical data, which define the large porphyry target. This work will help delineate the degree of surface anomaly and allow drilling orientation,” the multinational says on its website.
In the Carmen del Darien region, the Mandé Norte complex will be dedicated to the copper operation. The initial investment was established at just over $20 million, and the aim is to extract copper in an area of approximately 16,000 hectares.
The deposit is considered to be large, with an estimated exploitation period of 30 years and an estimated daily production volume of 70,000 tons.
The fourth project, also in Chocó, for copper production of interest is that of the company Minera Cobre. In addition to the Frontino complex being developed in Antioquia, a similar one operates in the Atrato region. The estimated investment is $15 million.
Finally, one of the recent discoveries announced to the country for copper production is the San Matías project, operated by Minerales Córdoba, which is located in the municipality of Puerto Libertador (Córdoba) and is already in its final exploration phase. The title covers nearly 20,000 hectares in concession and is in the exploration stage.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Portafolio, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Canopy Growth bought out its competition to consolidate leadership
Canopy Growth announced the acquisition of one of its main rivals, Supreme Cannabis, in a transaction valued at $345.6 million...
Aortyx closes €1.6 million financing round to initiate clinical trials
Aortyx, a Barcelona-based startup specialized in devices to treat vascular problems.closes $1.9 million (€1.6 million) financing round. The company, which...
Third successful million-dollar campaign in three months for Walliance
The real estate equity crowdfunding campaign for "Treviso G Park" project raises $2.4 million (€2 million) bringing Walliance's Q1 2021...
US crypto exchange Coinbase had a record quarter before IPO
The US crypto exchange Coinbase has presented brilliant financial figures for the 1st quarter of 2021. This further fuels expectations...
The Bank Al-Maghrib’s liquidity deficit increases
Despite the slowdown recorded at the beginning of the year, the bank liquidity deficit should continue to grow in the...
Business6 days ago
Why Elon Musk Should Consider Precious Metals-Backed Currency
Cannabis6 days ago
Senators in Mexico seek agreement on cannabis regulation changes
Business7 days ago
How to create blog content to attract your ideal target audience
Featured6 days ago
A close look at the huge margin debt and the Archego Capital collapse