Tuesday, December 23, 2014

Mining news from Colombia

Over the weekend, while dedicating a new national park in Colombia’s Guajira region, President Juan Manuel Santos declared that biodiversity is to Colombia is oil is to the Arabs, emphasizing the importance of conservation. Unfortunately, Colombia has not yet found a way to commoditize its biodiversity the way Saudi Arabia has with its vast oil resources. Nonetheless, this environmentalist spirit is spreading to how Colombia deals with its traditional heavy industry.

The Colombian Environment Ministry launched its National Mercury Plan to gradually but decisively eliminate mercury use from mining and industry in Colombia. Environment Minister Gabriel Vallejo López explained that the plan is a joint effort between many different sectors of the Colombian society – the government, the mining industry, the health sector, environmental activists, business interests, and civil society in general – to have everyone work together towards the same goal. The plan has between criticized for not being ambitious enough, so its success will depend primarily on its implementation and what follow-up efforts this new, broad alliance can agree upon.


In related news, CB Gold, Inc. breathed a heavy sigh of relief when the Colombian Environment Ministry released its newly updated map delineating the Páramo of Santurbán. The updated páramo boundaries will have no effect on CB Gold’s projects in the area. However, other mining companies were not as fortunate, and will decide in January whether to scale back their mining activities or leave the area altogether.

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