Finance Colombia » 2019 » March

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Medellín To Host 49th General Assembly of the OAS

For the second time in history, Medellín has been chosen to host the General Assembly of the Organization of American States (OAS). The decision was made by resolution after Colombia offered motions to organize and host the meeting to be held between June 26 and 28, 2019....

Posted On March 12, 2019

, By Loren Moss

Tecnoglass window-making factory in Barranquilla, Colombia. (Photo credit: Liliana Padierna)

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After Record 2018 Results, Tecnoglass Floats Offering Of Up To 9,200,000 Additional Shares

Tecnoglass Inc. (NASDAQ: TGLS) (BVC:TGLSC), the Barranquilla, Colombia based manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, after announcing record 2018 results and a strong backlog...

Posted On March 12, 2019

, By Loren Moss

Bogota photo courtesy of Cushman & Wakefield

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Study: Bogotá Class A Office Space Absorption Jumps 39% In 2018

Bogotá, despite the country’s economic slowdown, consolidated its position as the country’s largest Class A office space market, according to the MarketBeat study conducted by real estate firm Cushman & Wakefield. Class A offices (which include sub-classes AAA and...

Posted On March 12, 2019

, By Loren Moss

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Colombian Insurer Aseguradora Solidaria de Colombia Reports Record Growth Amidst A Strong Insurance Market

While the insurance market in Colombia grew at a rate of 5.5% in 2018, Aseguradora Solidaria stood out with a growth rate of 18.8%, led by growth in personal lines. Carlos Arturo Guzmán, (above) president of the company, revealed: “the truth was a year of very good results,...

Posted On March 12, 2019

, By Loren Moss

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Gran Colombia Gold Seeks To Recover Venezuelan Assets

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced recently that it sees opportunity in the evolving changes in Venezuela to recover and develop its gold exploration assets that were nationalized in 2011, adding to its pipeline of Latin America-based projects which could...

Posted On March 12, 2019

, By Loren Moss

Fitch Ratings Claro Colombia Telecom Telecommunications (Credit: Jared Wade)

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Claro Colombia to Open 3rd Data Center in Medellín

According to an interview published in La Republica, Claro Colombia, a subsidiary of América Movil, will open its 3rd data center in Medellín. Incoming CEO Carlos Zenteno mentioned the center when discussing the company’s focus for the coming year, where he discussed...

Posted On March 12, 2019

, By Loren Moss

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Fitch Ratings Affirms ETB At BB+ With A Stable Outlook

Fitch Ratings has affirmed Empresa de Telecomunicaciones de Bogota S.A.’s (ETB) Long-Term Foreign Currency and Local Currency Issuer Default Ratings (IDRs) at ‘BB+’ with a stable rating outlook. The rating affirmation reflects ETB’s positive EBITDA...

Posted On March 12, 2019

, By Loren Moss

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Royal Road Minerals Inks Deal To Purchase AngloGold Ashanti’s Colombian Exploration Assets

Royal Road Minerals Limited (TSXV:RYR), a Canadian mining operation trading on Toronto’s TSX Venture Exchange announced last week that it has entered into a definitive stock purchase agreement with Compañía Kedahda Limited, an affiliate of AngloGold Ashanti Limited to...

Posted On March 12, 2019

, By Loren Moss

Figure 2 – Stope Areas 5 and 6 located in the Western Portion of the Veta Sur System at 1,593 RL

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Continental Gold Announces High-Grade Gold Channel Sampling Results from Stope Development Drifts at Buriticá Mine

Toronto based Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has announced high-grade assay results from 12 stope development drifts as part of the underground construction at its 100%-owned Buriticá project in Antioquia, Colombia. Development of the Buriticá project remains on...

Posted On March 12, 2019

, By Loren Moss

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Tecnoglass Reports Record Profits For 2018, Half-Billion Dollar Order Backlog

Barranquilla based Tecnoglass (NASDAQ:TGLS) (BVC:TGLSC), Colombia’s leading manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, last week reported financial results for the fourth...

Posted On March 12, 2019

, By Loren Moss