Finance Colombia » 2019 » December

P.A. Concesion Ruta Al Mar Colombia (Credit: P.A. Concesion Ruta Al Mar)

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Ruta Al Mar Behind Schedule, Fitch Rates Concession’s Senior Secured Notes BBB-, Outlook Remains Negative

Fitch Ratings has affirmed the ‘BBB-‘ and ‘AA+(col)’ ratings of the UVR-denominated senior secured notes of P.A. Concesion Ruta al Mar for up to $522 billion COP, due in 2044. The Ratings Outlook remains negative. Ratings Rationale The Negative Outlook...

Posted On December 22, 2019

, By Loren Moss

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Gran Colombia Gold Files 43-101 Technical Report For Its Marmato Project

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it has filed a preliminary economic assessment (“PEA”) technical report on its Marmato Project (the “Technical Report”) pursuant to Canada’s National Instrument 43‐101 – Standards of Disclosure for...

Posted On December 22, 2019

, By Loren Moss

oil drilling (Photo credit: Moni49 / Pixabay)

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Arrow Exploration Announces Q3 Results, Seeks Strategic Alternatives

Arrow Exploration Corp. (TSXV: AXL) has announced the filing of its 2019 third quarter unaudited financial statements and MD&A and the initiation of a strategic alternatives process. Third Quarter Financial and Operating Results Arrow Exploration’s Financial Statements and...

Posted On December 22, 2019

, By Loren Moss

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Bancolombia’s Proposed Tier 2 Subordinated Notes Rated Ba3(hyb) By Moody’s

Moody’s Investors Service has assigned a Ba3(hyb) rating to the proposed US Dollar-denominated contractual non-viability Tier 2 subordinated notes to be issued by Bancolombia S.A. (NYSE:CIB) of Medellín, Colombia. The notes will be due in 2029. The capital securities are...

Posted On December 22, 2019

, By Loren Moss

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ProColombia Announces Over $1 Billion USD In New Foreign Direct Investment

With more than 1,000 business meetings held at Colombia’s recent Colombia Investment Summit 2019, Colombia’s national Investment Promotion Agency (IPA) ProColombia announced over $1 Billion USD in new foreign direct investment (FDI). These include an investment by the US...

Posted On December 22, 2019

, By Loren Moss

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Saudi Arabia Green-Lights Importation of Colombian Beef

The Kingdom of Saudi Arabia has granted phytosanitary certification for exports from four Colombian beef processors, allowing Colombian ranchers to tap into Saudi Arabia’s $400 million USD beef market. Red Cárnica S.A.S. from Córdoba (belonging to Athena Foods, of Minerva...

Posted On December 22, 2019

, By Loren Moss

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African Delegation Visits Medellín To Study Bicycle Transportation

Last month a delegation of functionaries from Kenya, Ghana & Ethiopia were in Medellín to understand the success Colombia’s second largest city has had in implementing bicycle friendly infrastructure in the city’s urban transport ecosystem. The mission participants studied...

Posted On December 22, 2019

, By Loren Moss

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Canacol Energy Is Now Producing & Marketing LNG In Colombia To Compete With CNG

Canacol Energy Ltd. (TSX: CNE; OTCQX: CNNEF; BVC:CNEC) has commenced the production and sale of liquified natural gas (“LNG”), the first such operation in Colombia. Canacol Energy is also in negotiation with Galileo Technologies to form a joint venture which will install...

Posted On December 22, 2019

, By Loren Moss

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LATAM Airlines Selects Interpublic Group Subsidary As Global Marketing Agency

Interpublic Group (NYSE: IPG) has announced that Graphene, a customized team of talent and resources from a range of Interpublic Group agencies, led by McCann Worldgroup and IPG Mediabrands, has been selected by LATAM Airlines Group (NYSE: LTM) to continue as its global marketing...

Posted On December 22, 2019

, By Loren Moss

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Colombia’s Pension Reform Hampered By Political Tension

According to a new report by Colombia Risk Analysis, the debate underway over pension reform in Colombia is plagued with misinformation and confusion resulting from the current divisive political climate in the country, and conflicting objectives by various political actors....

Posted On December 22, 2019

, By Loren Moss