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Thoughts on mining in Latin America

Ah, Bogota

I had a couple of trips to Bogota this week to accompany a client at several meetings, including the Mining Ministry, National Mining Agency and Mining Association. An interesting week to do this given the vote in Cajamarca related to AngloGold Ashanti’s La Colosa project last Sunday. This has been the talking point all week in Colombia, in the general media as well as within mining circles. One takeaway is that the government is adamant that such votes will not derail projects, but obviously new law must be passed by Congress to articulate the competences of central government and local government. The implications of the Cajamarca vote will be the cover story of Colombia Gold Letter #68 that will be published April 3rd.

Other than that, too much time in taxi’s in the ever present and endless traffic jams. One of the reasons why I live in Medellin and not the capital.

The big news piece I worked on this week was this article for Mining Journal about Goldcorp’s buying spree in Chile regarding the Caspiche and Cerro Casale deposits. Goldcorp has some interesting long-game ideas and basically says that collaboration will be the way forward for major projects in the future.

I also had the chance to interview Mr FDN, Keith Barron about his new venture in Ecuador, also for Mining Journal.

I head for Santiago, Chile on Sunday to attend the CRU International Copper Conference and have arranged site visits to Kingsgate Consolidated’s Nueva Esperanza gold project and Codelco’s El Teniente copper mine to check out the challenges facing its massive expansion project.

Here is the quickfire roundup of the week’s exploration news in the region that will be covered more deeply in Colombia Gold Letter #68 as well. This issue also features many of the interviews I conducted during the PDAC and a special interview with Gran Colombia Gold, so a cracking issue all round.

  • In Nicaragua, Calibre Mining is finally planning on spending its own money to advance its projects whilst also continuing to spend the cash of its JV partners
  • In Colombia, Antioquia Gold provided an update about its Cisneros project in Antioquia. The mine development project is advancing on schedule and AGD aims to comm­ence gold production in 4Q17.
  • Also in Colombia, (or more accurately in Toronto) things are starting to get ugly at Eco Oro as the mud-slinging begins ahead of the special shareholders meeting on April 25th.



4 Responses

  1. clawbongo

    What’s happening with Angel Gold?

    CGL Angel is conducting a geophys programme at the moment and will then need to raise money for drilling.

  2. la

    paul whats wrong with red eagle

    CGL As far as I am aware, the company is expecting to declare commercial production in the very near future. But I will check.

    1. Yes, I visited Buritica yesterday and CNL is pushed ahead hard. Everything is on schedule and on budget at the moment, and exploration drilling is resuming. There will be a piece about this in the next CGL.

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