Colombia Miners Happy over Reform, Fret About Future
Source: Reuters, Jack Kimball (9/1/11)
"The government of President Juan Manuel Santos plans to reform the mining sector—creating a new mining agency, consolidating oversight and strengthening institutions."
Reuters, Jack Kimball
Miners in Colombia welcome institutional changes such as creating a new mining agency, but worry about an upcoming tax reform and a bill to raise royalties.
The world's No. 4 coal exporter has seen an investment boom in oil and mining since a U.S.-backed security offensive began a decade ago, but accidents, allegations of government corruption and inefficiency have plagued the sector.
The government of President Juan Manuel Santos plans to reform the mining sector—creating a new mining agency, consolidating oversight and strengthening institutions. . .View Full Article
Miners in Colombia welcome institutional changes such as creating a new mining agency, but worry about an upcoming tax reform and a bill to raise royalties.
The world's No. 4 coal exporter has seen an investment boom in oil and mining since a U.S.-backed security offensive began a decade ago, but accidents, allegations of government corruption and inefficiency have plagued the sector.
The government of President Juan Manuel Santos plans to reform the mining sector—creating a new mining agency, consolidating oversight and strengthening institutions. . .View Full Article