Colombia is a country of opportunities with a growing economy, one of the lowest inflation rates in Latin America and free trade agreements with eight trading partners including the USA, European Union and more than 100 designated free-trade zones. The Colombian government is very supportive of foreign investment which has increased by 9% in Colombia, compared to the previous year, to a total of $16.8 billion according to Mistry of Finance.
Colombia offers the same exceptional mineralogical potential as South American mining giants, Peru and Chile. Formerly the largest gold producer in Latin America, the country has produced over 80 Moz of gold since pre-Colonial times but did not experience the 1980s exploration boom which propelled Peru and Brazil into major gold producers. Colombia provides a unique opportunity for gold exploration and development as modern exploration has only advanced within the last five to ten years.
Colombia’s cities have developed into modern business hubs, complete with the infrastructure and services required by mining companies, underpinned by a strong rule of law and legal tenure under which mining concession and other contracts are respected. With direct flights to Canada, the US and Europe, Colombia is rapidly becoming established as a destination of choice for mining companies. Colombia has also ranked sixth out 148 countries for investor protection in the World Economic Forum’s latest Global Competitiveness Report.