Finance Colombia

Continental Gold Developing Buriticá Project, Preparing Issue On Colombia’s Stock Exchange

In an interview with Bloomberg News, Continental Gold Ltd. CEO Ari Sussman says the mining company is preparing to list shares on the Bolsa de Valores de Colombia, with a target of raising roughly $20 million (USD) to increase liquidity and the company’s investor base. The...

Posted On March 22, 2015

, By Loren Moss

Colombia’s GDP Grew 4.6% in 2014, Says Finance Ministry

The Minister of Finance, Mauricio Cardenas, said Tuesday that the economic activity during 2014 grew by 4.6% from the previous year, according to figures published by DANE, Colombia’s official statistics agency. “The result of 3.5% for the fourth quarter allowed the...

Posted On March 22, 2015

, By Loren Moss

Minhacienda’s Mauricio Cardenas Affirms Government’s “Absolute Support” For Bogotá’s Proposed Metro

Colombia’s Finance Minister Mauricio Cardenas, confirmed last Monday “absolute support ” by the national government for the proposed construction of the Metro de Bogotá, the capital city’s planned subway and light rail project. While participating in the...

Posted On March 22, 2015

, By Loren Moss

Fitch: Colombian Electric Demand Continues to Lag GDP Growth

Fitch Ratings expects electric demand in Colombia to continue to lag real gross domestic product (GDP) growth albeit with a shrinking gap over the short to medium term. This is due to low industrial electricity consumption as a percentage of total demand. Over the past decade,...

Posted On March 22, 2015

, By Loren Moss

Pacific Rubiales Energy Delists From Brazil’s BOVESPA Exchange

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) announced last week that it has received approval from the Brazilian Securities Commission and the Brazilian Stock Exchange (BM&FBOVESPA – Bolsa de Valores, Mercadorias e Futuros), effective immediately, for the...

Posted On March 22, 2015

, By Loren Moss