Colombian gold project is mining-policy flashpoint


In Colombia’s push to become a world mining power, few projects have generated as much excitement and dread as La Colosa gold mine in the country’s central mountain range. In December 2007, the gold-mining giant AngloGold Ashanti announced what appeared to be a large, highly auspicious find in a forest reserve in Colombia’s central western department of Tolima. According to the South African company, preliminary exploration at its La Colosa mine site revealed estimated gold reserves of 12.3 million ounces, making it one of the 10 largest gold deposits in the world. “We are extremely happy with the results of our exploration in Colombia,” Mark Cutifani, AngloGold’s chief executive, told the press shortly afterwards. “La Colosa represents one of the biggest deposits found yet... [Log in to read more]

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