in

Colombia extends ban on mining permit requests to Aug

By: Reuters

BOGOTA – Colombia has again extended a ban on new requests for mining permits until August, when a new mining agency should start operations in the mineral-rich country, the government said.

The world’s No 4 coal exporter has been hit by a series of mine explosions and accidents that has killed hundreds in the past few years and has also struggled to keep up with a flood of requests for mining permits, which prompted the government to create a new regulatory agency.

In a statement dated Wednesday the Mines and Energy Ministry said the ban is timed to end in three months, when the National Mining Agency should begin operations.

The ban has been extended several times in the past year. The statement said that authorities need more time to determine whether some areas in the Amazon region are safe enough to be opened to mining.

It also said the new mining agency needs more time to carry out the procedures that would allow it to grant mining permits once it starts operations.

Colombia has seen a surge in oil and mining investment thanks to a decade-long US-backed crackdown against leftist rebels and illegal armed groups. A flood of new players has emerged to profit from government policies aimed at luring foreign investors to the count.

Since you’re here …

… we have a small favour to ask. More people are reading the Today Colombia than ever but advertising revenues across the media are falling fast. And unlike many news organizations, we haven’t put up a paywall – we want to keep our site as open as we can. So you can see why we need to ask for your help. Updating reports on Today Colombia takes a lot of time, money and hard work. But we do it because we believe our reports matter.
If everyone who reads Today Colombia, who likes it, helps to support it by clicking our ads, our future would be much more secure. Do you part, click on an ad today.

Written by Rico

Rico

"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes TodayColombia.com. Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!