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American Drillers Line Up to Unlock Copper Riches in Colombia

American Drillers Line Up to Unlock Copper Riches in Colombia
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American Drillers Line Up to Unlock Colombian Copper Riches

American Drillers Line Up to Unlock Colombian Copper Riches Bloomberg 3/12/2021 Oscar Medina (Bloomberg) Colombia is looking to reduce its dependence on oil and coal by developing copper deposits ahead of a forecast surge in demand for metals used in rechargeable batteries. Popular Searches Authorities plan to award five copper exploration blocks by the end of June in Cordoba and La Guajira provinces, where much of Colombia’s coal is mined. U.S. and Canadian juniors, as well as firms already operating locally, are leading the interest, Mines and Energy Minister Diego Mesa said. A streamlined permitting process to shorten the path to production is among the incentives.

Termoyopal Power Plant Using GE s aeroderivative Technology Adds 150 Megawatts To Enhance Colombian Electricity System Reliability

Termoyopal Power Plant Using GE s Aeroderivative Technology Adds 150 Megawatts To Enhance Colombian Electricity System Reliability The expansion of Termoyopal plant with three new GE LM6000 aeroderivative gas turbines will help increase the total power plant’s reliability and efficiency The plant will deliver approximately 2% of the national power Project supports the Colombian government’s target to diversify energy sources by increasing gas and renewables and reduce emission by 51% within 2030, and achieve carbon neutrality by 2050 GE today announced that the 150 megawatts (MW) expansion of the Termoyopal Power Plant has safely and successfully achieved the start of commercial operation using three GE’s LM6000 aeroderivative gas turbines. The inauguration of the expansion and modernization of the natural gas-fired power plant that included two pre-existing units providing a total of 50 MW and three new generation units each with a capacity of 50 MW took place at an event

Colombia, Peru may centralize purchase of gold to combat crime, environmental destruction

3 Min Read BOGOTA (Reuters) - The governments of Colombia and Peru are studying the possibility of centralizing gold purchases, in an effort to combat illegal and informal extraction, officials from both countries said on Tuesday. FILE PHOTO: Colombia s President Ivan Duque looks on during an announcement in Bogota, Colombia February 8, 2021. REUTERS/Luisa Gonzalez/File Photo Colombian President Ivan Duque said his government is considering the move to stymie the role illegal mining plays in fueling a decades-long internal conflict. “We have considered reopening that conversation, also with the central bank, of returning to centralize. the buying of gold,” Duque said during the ELAMI regional mining conference. Colombia’s central bank was the sole purchaser of gold output in the country until 1991, when the market was opened.

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