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Colombian Constitutional Court Rules Local Communities Cannot Ban Mining Projects Through Popular Referendum

Multiple municipalities have cast ballots overwhelmingly in favor of vetoing the right of corporations to mine nearby recently in a referendum practice known as a "consulta popular."
Posted On October 16, 2018
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nespresso cups (Photo credit: AJEL / Pixabay)
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Nespresso Kicks Off Pilot Weather Insurance Program in Colombia with Blue Marble Microinsurance

The parametric insurance policies cover higher-than-expected rain and drought during the periods of the year when coffee beans are young and most susceptible to weather shocks.
Posted On October 15, 2018
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(Photo credit: kuanish-sar / Pixabay)
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In Response to Air Quality Concerns, Ecopetrol Has Reduced Sulfur Content of Diesel Fuel Closer to U.S. Levels

The diesel Ecopetrol distributed across Colombia in September had an average of 17 parts per million, just north of the 15 ppm limit mandated in the United States.
Posted On October 14, 2018
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Frontera Energy Discovers Oil at Acorazado-1 Exploration Well in Los Llanos

The find came at the Acorazado-1 exploration well and marked the Canadian oil company’s fourth discovery in 2018.
Posted On October 9, 2018
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President Felipe Bayón (left) and USO President César Loza (right) finalized the labor agreement at the Ministry of Labor in Bogotá today alongside Minister of Labor Alicia Arango. (Photo credit: Ecopetrol)
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Ecopetrol Finalizes Labor Deal with USO Petroleum Workers Union Through 2022

To formalize an agreement announced last week, the heads of Ecopetrol and USO sat down yesterday to sign the deal.
Posted On September 29, 2018
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Oil rig (Photo credit: Catmoz / Pixabay)
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Ecopetrol Wins Joint Bid to Explore Pau-Brasil Oil Block in Vast Santos Basin off Brazilian Coast

Colombian state-controlled oil company Ecopetrol (NYSE: EC) (BVC: ECOPETROL) was among the exploration block winners today at an auction in Brazil and now holds the rights to a portion of the oil extracted from the Santos basin off the coast of South America’s largest...
Posted On September 28, 2018
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Three Continental Gold Mining Workers Killed in Violent Attack

The tragedy follows the killing of a mining engineer working for Continental Gold earlier this month, who was left dead after his vehicle was attacked in Buriticá.
Posted On September 21, 2018
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Minesa - Sociedad Minera de Santander SAS (Credit: Screengrab from Minesa press video)
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Eco Oro Finalizes Sale of Two Mining Titles to Minesa in Santander

The $5 million USD deal includes two mining titles as well as "technical information and ancillary assets," said the Canadian mining firm.
Posted On September 17, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Secures $665 Million USD Contingent Line of Credit from Scotiabank, Mizuho Bank

Ecopetrol says it may draw upon the credit line to strengthen its "liquidity position in the face of eventual growth opportunities" or "mitigate risks associated to unexpected fluctuations in crude prices."
Posted On September 10, 2018
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The Higabra Valley Tunnel at Continental Gold's Buriticá goldmine in Antioquia.
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Mining Engineer Working for Continental Gold Killed in Central Colombia

Two engineers were attacked on the morning of September 5 in the town of Buriticá where the Toronto-based company operates a large gold mine
Posted On September 10, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Contract Worker Strike Shuts Down 19 Drilling Rigs at Ecopetrol’s La Cifa-Infantas Oil Field

USO said this week that it had presented a proposal to Ecoptrol that included a request for higher salary and improved benefits for some 35,000 direct and contracted workers. 
Posted On September 6, 2018
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Coffee beans from Don Elias finca in Salento, Colombia. (Credit: Jared Wade)
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Three Colombian Coffee Growers to Compete for Illy’s ‘Best of the Best’ Beans Award in New York

The Ernesto Illy International Coffee Award winner will be announced during a ceremony at the world-famous Rockefeller Center on October 4.
Posted On August 25, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Pipeline Hole Causes Gasoline Spill in Cundinamarca

This is the 20th illegal valve the company has found this year in this specific pipeline, according to Ecopetrol.
Posted On August 24, 2018
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Continental Gold Plans ‘More Aggressive’ Drilling After Promising Results at Buriticá Mine

"With underground development advancing at a productive rate and providing suitable drilling locations, the company will be more aggressive in drilling," stated Continental Gold.
Posted On August 23, 2018
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New Ecopetrol Chief Financial Officer Jamie Caballero Uribe. (Photo credit: Ecopetrol S.A.)
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Ecopetrol Appoints Jaime Caballero Uribe as Chief Financial Officer

Within this role, Caballero will be the compliance agent for financial reporting to the Colombian Finance Superintendency.
Posted On August 19, 2018
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gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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After Successful Exploratory Drilling, Frontera Energy to Begin Further Testing of Acorazado-1 Well in Los Llanos

The next step for the well will be to run and cement a liner in preparation for further testing, which is expected to take “several weeks,” said Frontera.
Posted On August 18, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Benefitting from High Oil Prices, Ecopetrol Reports Significant Increases in Earnings and Revenue in First Half of 2018

Ecopetrol reported 15.8 trillion pesos in earnings, an increase of 37.7% compared to the 11.5 trillion pesos brought in during the first half of 2017.
Posted On August 16, 2018
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Ecopetrol Infantas Oriente
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Ecopetrol Begins Commercial Production at Infantas Oriente Oilfield

Ecopetrol plans to drill 20 wells as it begins to develop the field this year and another 47 wells in 2019.
Posted On June 26, 2018
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(Photo courtesy of Lobo Tiggre)
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Interview: Colombian Mining Sector Is ‘Under-Explored’ – A Clear Advantage over the Long Term

"There are plenty of targets in Colombia that have never really seen modern exploration," says Lobo Tiggre. "That is clearly an advantage."
Posted On June 25, 2018
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GoldMining Inc. Begins Being Listed on Toronto Stock Exchange

The Vancouver-based mining company's common shares and purchase warrants were previously trading on the TSX Venture Exchange.
Posted On June 21, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol to Pay Off $156 Million USD in Loans Early

The loans date back to 2013 and were issued with a payment schedule that would end in 2023.
Posted On June 20, 2018
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gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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Colombia Produced 865,987 Barrels of Oil per Day in May

This represents a 1.6% increase over the production in May 2017 and a 0.1% increase from last month.
Posted On June 14, 2018
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stock trading (Photo credit: PIX1861 / Pixabay)
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Frontera Energy to Split Stock for Shareholders as of June 26

Canadian oil company Frontera Energy Corporation will split its stock this year, issues a two-for-one share split on June 26.
Posted On June 12, 2018
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Enjoying some fresh-roasted Colombian coffee at a farm near Salento, one of the country's top tourism destinations. (Credit: Jared Wade)
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Colombia Named Guest of Honor Nation at 2018 World Barista Championship in Amsterdam

The barista competition and World of Coffee trade show will take place from June 21-23 in the Netherlands.
Posted On June 5, 2018
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Expectations for Colombian Coffee Production This Year Lowered to 14.2 Million Bags Amid Heavy Rains

Despite the annual production setback, the macro story for Colombian coffee production remains positive. “In the last decade, yields have increased nearly 30%."
Posted On May 30, 2018
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oil colombia minminas (Photo credit: Ministerio de Minas y Energía)
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Frontera Energy Closes on New $100 Million USD Credit Facility

Following an initial eight-month term, the credit facility is expected to be extended to two years “upon satisfaction of certain extension conditions."
Posted On May 22, 2018
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gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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Frontera Energy Sees Year-Over-Year Production and Sales Declines in First Quarter

Despite high oil prices, Frontera realized just $249.5 million USD in sales in the quarter compared to $316.6 million USD in the first quarter of 2017.
Posted On May 15, 2018
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Ecopetrol Starts Construction on 55-Kilometer Caldas Pipeline in Central Colombia

The 55-kilometer pipeline, with an 8-inch diameter, will span the distance from the town of Chinchiná in Caldas to Pereira.
Posted On May 11, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Reports Income of $923 Million USD in First Quarter of 2018

Despite a major oil spill and below-target production, Ecopetrol reported its best quarterly results in four years amid higher oil prices.
Posted On May 6, 2018
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Goldmining Inc. Appoints Ken Wang to Board of Directors

“His depth of experience and extensive network...will be valuable as we continue to execute our business plan."
Posted On May 5, 2018
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Colombian Mining Association Head Says Sector Could Welcome $7 Billion USD in Foreign Investment in Next Four Years

Santiago Ángel expressed his optimism for a turnaround in a sector that brought in a relatively underwhelming $2.6 billion USD over the last four years.
Posted On May 3, 2018
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Dora Elena Balvin, secretaría de minas de Antioquia en Colombia. (Photo credit: Loren Moss)
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Mining Formalization in Colombia: Multinationals, Informal Miners ‘Have to Live Together,’ says Dora Elena Balvín, Antioquia Secretary of Mines

"There must be space for both the big mining companies and the small artisanal miners," says Dora Elena Balvín, secretary of mines in Antioquia.
Posted On April 30, 2018
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oil colombia minminas (Photo credit: Ministerio de Minas y Energía)
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Colombian Oil Production Rose 6.5% in March to 856,478 Barrels per Day

Production was also up 4.1% over February of this year due to the reopening of several oilfields.
Posted On April 22, 2018
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Promigas
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Promigas CFO Aquiles Mercado González Discusses Construction of $224 Million Pipeline, Promioriente Bond

"It was difficult to determine what the risk was given the nature of the project we were trying to finance — a pipeline in the mountains," said Aquiles Mercado González.
Posted On April 22, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Pays Annual Dividend Totaling More Than $150 Million USD to Minority Shareholders

The Colombian government, which owns the vast majority of Ecopetrol shares, will receive a dividend of $1.17 billion USD (3.2 trillion pesos).
Posted On April 20, 2018
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Interview: Continental Gold CEO Ari Sussman Says ‘There Is a lot More Gold to Find’ in Colombia

"Our current reserves and resources are just a tip of the iceberg of what's to come," says Ari Sussman, CEO of Continental Gold
Posted On April 3, 2018
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ecopetrol lizama 158 oil spill (Credit: Ecopetrol)
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Major Oil Spill in Colombia from Ecopetrol Well Has Been Contained, Says Company

The environmental harm is ongoing, and Ecopetrol’s response to the catastrophe has drawn widespread criticism.
Posted On March 31, 2018
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Mario Garnero of BrasilInvest Group (Photo credit: Ben Hider)
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Mario Garnero Retires from GoldMining Inc. Board of Directors

Garnero will remain involved with the company in an advisory capacity and his son, Mario Bernardo Garnero, will fill his seat on the board.
Posted On March 29, 2018
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Above photo: «Ecopetrol» de Dvalencia – Own work, used under license CC BY-SA 3.0 vía Wikimedia Commons - http://commons.wikimedia.org/wiki/File:Ecopetrol.jpg#/media/File:Ecopetrol.jpg
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Ecopetrol Appoints Board of Directors at Shareholder Meeting

At a shareholder meeting today, Ecopetrol appointed its board of directors and external auditor for 2018.
Posted On March 23, 2018
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Lorito-1 Well Ecopetrol Meta (Credit: Ecopetrol)
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Ecopetrol Strikes Oil at Lorito-1 Well in Department of Meta

The well is 55% owned by Ecopetrol with the remaining 45% stake held by Repsol subsidiary Talisman Colombia Oil & Gas Ltd.
Posted On March 14, 2018
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Natural gas well. (Photo credit: Ken Doerr)
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PentaNova Energy Subsidiary Granted Operatorship of Maria Conchita Gas Block in Colombia

MKMS Enerji Anonim Sirketi is a fully owned subsidiary of Canadian oil and gas company PentaNova Energy.
Posted On March 6, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Adds 2,800 Barrels Per Day to Oil Production with Three New Wells

The wells are held jointly with U.S.-based Occidental Petroleum Corp. and have hit a combined 2,800 barrels per day in testing.
Posted On March 5, 2018
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PentaNova Energy Corp Begins Drilling Gas Well in Maria Cochita, Colombia. (Photo credit: vaazdev / Pixabay)
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PentaNova Energy Begins Drilling Gas Well in Maria Conchita Block in Colombia

PentaNova Energy has an 80% “beneficial working interest” in the Maria Conchita block.
Posted On March 2, 2018
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Ecopetrol Reficar Coking
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With Profits of Some $2.3 Billion USD in 2017, Ecopetrol Posts Best Results in Four Years

The net profit of 6.62 trillion pesos ($2.3 billion USD) is more than four times above the results of 2016 and the highest since 2013.
Posted On February 28, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Extends Reserve Life to 7.1 Years with 3.7% Increase of Proven Reserves in 2017

Ecopetrol claimed proven reserves of 1.659 billion barrels of oil equivalent at the end of 2017, up from the 1.598 billion barrels in 2016.
Posted On February 23, 2018
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Frontera Energy Oil and Gas (Photo credit: generatorpowerproducts / Pixabay)
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Major Shakeup: PentaNova Energy Appoints New President, CEO, and Chairman in Sweeping Management Overhaul

PentaNova will issue 4.8 million common shares to the new management team “as the inducement to join the company.”
Posted On February 20, 2018
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Crude oil production in Colombia energy and natural resources sector. (Credit: lalabell68 / Pixabay)
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Camilo McAllister Resigns as CFO of Frontera Energy Corporation

McAllister will remain in the position through March 9. Alejandro Piñeros will fulfill CFO responsibilities until a permanent replacement is appointed
Posted On February 19, 2018
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Crude oil production in Colombia energy and natural resources sector. (Credit: lalabell68 / Pixabay)
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Frontera Energy Suspends Operations at Cubiro Oil Field in Colombia After Local Violence, Threats

Frontera Energy this week suspended operations at a site in Casanare in response to violence, intimidation, and threats.
Posted On February 9, 2018
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gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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Frontera Energy Hit 71,015 Barrels of Oil Equivalent Per Day to Close 2017, Averaged 64,445 Per Day in Fourth Quarter

Frontera Energy plans to drill between 40 to 50 wells in the first quarter of 2018.
Posted On January 22, 2018
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Gran Colombia Gold Increased Production by 16% in 2017 to 173,821 Ounces of Gold

The growth was aided by a good fourth quarter that saw production rise 26% compared to the fourth quarter of 2016.
Posted On January 17, 2018
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Crude oil production in Colombia energy and natural resources sector. (Credit: lalabell68 / Pixabay)
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Colombia Produced 854,121 Barrels of Oil Per Day in 2017, a 3.4% Drop from 2016

Despite the year-over-year drop, the actual output did exceed Ministry of Mines and Energy's estimate of 840,000 barrels of oil per day.
Posted On January 16, 2018
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Coffee Prices End 2017 at 21-Month Low, with Colombian Milds Down 1.7%

The ICO estimates production in Colombia to decrease by 4.3%, to 14 million bags, this crop year.
Posted On January 14, 2018
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ELN National Liberation Army 375
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ELN Guerrillas Allegedly Kidnap Ecopetrol Contractor in Arauca

The abduction reportedly occurred around 7:30 am on the day that the UN head arrived in Colombia to discuss the nation’s peace process.
Posted On January 14, 2018
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Multiple attacks on the Caño Limón-Coveñas pipeline attributed to ELN have jeopardized the future of Colombia's peace talks with the guerrilla faction. (Credit: Ecopetrol)
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Peace Talks with ELN at Risk After Multiple Attacks on Oil Pipeline in Colombia

President Santos recalled the nation's peace negotiator from Ecuador and told the military to "act with force and respond to this ELN aggression."
Posted On January 10, 2018
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The Tropical Forest Alliance 2020 is looking to stop deforestation in parts of the Amazon, such as this swatch of jungle in the department of Vaupés near Mitú. (Credit: Jared Wade)
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Colombia Strengthens Commitment to Fight Amazon Deforestation in Partnership with WEF Tropical Forest Alliance 2020

Colombia has joined the World Economic Forum alliance to protect the Amazon from deforestation.
Posted On January 8, 2018
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bezant resources platinum gold (Credit: James St. John)
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Bezant Resources Finalizes Gold and Platinum Licenses in Western Colombia

With a final $200,000 USD payment, Bezant now holds an alluvial platinum license (FKJ-083) and gold license (HCA-082) in 2,659-hectare area of Chocó.
Posted On January 5, 2018
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gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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Frontera Energy Completes Reorganization of Colombian Operations and Projects Higher Production Figures

The Canadian oil company's operations in the country are now held by the Colombian branch of Meta Petroleum Corporation, a wholly owned subsidiary.
Posted On December 24, 2017
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gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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Frontera Energy Adds Richard Herbert to Board and Promotes Three New Vice Presidents

Herbert has worked for BP, Philips Petroleum, and Talisman Energy and has experience working in the oil sector in Colombia.
Posted On December 21, 2017
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The Higabra Valley Tunnel at Continental Gold's Buriticá goldmine in Antioquia.
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Continental Gold Exceeds Gold Estimates in Latest Trial Mining Test at Buriticá

With 8.60 grams of gold per tonne, the test "yielded significantly more ounces of precious metals than we estimated," said CEO Ari Sussman.
Posted On December 19, 2017
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Ecopetrol Coyote-1 Well in Santander. (Credit: Ecopetrol)
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Ecopetrol Strikes Oil in Santander at Coyote-1 Well

Ecopetrol has a 50% stake in the discovery, which is lighter than typical heavy Colombian oil, according to the company.
Posted On December 19, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Plans to Ramp Up Exploration and Production in 2018 by Investing up to $4 Billion USD

The exploration plan calls for drilling at least 620 development wells and 12 exploration wells, an increase of around 140 wells over 2017.
Posted On November 27, 2017
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red eagle mining SANTA ROSA GOLD PROJECT san ramon gold mine
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Crucial Court Ruling Could Lead to Higher Taxes for Mining and Oil Firms in Colombia

Colombia’s National Oil Association argues that the court’s ruling does not touch a critical article of Colombia’s tax code, Article 107.
Posted On November 11, 2017
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Colombia Announces First Renewable Energy Auction – Infusing Optimism into a Lagging Sector with Potential

The coming years could be crucial for renewables. If current conditions persist, Colombia could continue to lag behind.
Posted On November 11, 2017
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Frontera Energy Oil and Gas (Photo credit: generatorpowerproducts / Pixabay)
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Ongoing Recovery: Fitch Ratings Upgrades Frontera Energy’s Rating from B to B+

"The rating upgrade reflects Frontera's ability to stabilize its operational and financial performance," stated Fitch Ratings.
Posted On November 5, 2017
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Eco Oro Minerals’ Plan of Arrangement Enters into Effect

Canadian mining company Eco Oro Minerals Corp. announced that its plan of arrangement has become effective.
Posted On October 31, 2017
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Frontera Energy Sells Interest in Petroelectrica de los Llanos for $56 Million USD

Eléctricas de Medellín – Ingeniería y S.A.S is the buyer in a cash deal for what Frontera Energy called a “non-core asset.”
Posted On October 28, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol to Establish Energy Marketing Company

Ecopetrol says the main purpose of the the new subsidiary “will be energy generation, conversion, and marketing."
Posted On October 24, 2017
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Photo: Ecopetrol President Felipe Bayón and the Petronas executive Datuk Mohd Anuar Taib in Bogotá during the Colombian Congress of Oil and Gas. (Credit: Ecopetrol)
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Ecopetrol and Petronas Sign Agreement to Jointly Pursue Oil and Gas Projects in the Americas

The two state oil companies have already partnered to look for resources off the coast of Mexico.
Posted On October 24, 2017
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A poster outside a farm in Sucre urges residents to vote against mining. (Credit: Manuel Rueda)
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Exploration Projects in Colombia Face Increasing Uncertainty as Another Town Votes Against Mining

“We cannot afford to lose this industry...I think we can save this marriage," said Orlando Velandia, president of the ANH.
Posted On October 22, 2017
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Frontera Energy to Fully Acquire Pacific Midstream by Buying Up Outstanding Shares for $225 Million USD

The Frontera chairman called the move a “very strategic acquisition” that will support the firm’s push to reduce transportation costs.
Posted On October 16, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Awarded Patent in Colombia for Crude-Related Technology Innovation

Researchers were able to find the “optimal operating parameters” and the rate of air injection that simulate the emulsions recorded at industrial level.
Posted On October 11, 2017
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Ecopetrol Mexico Exploration Blocks 375
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Ecopetrol Signs Contracts to Formalize Exploration Bids in Mexican Waters

"We are very pleased with the arrival in Mexico, a new milestone in the history of Ecopetrol," said company president Felipe Bayón Pardo.
Posted On October 3, 2017
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cano covenas pipeline ecopetrol attack toledo sep 27 2017 (Credit: Ecopetrol)
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Caño Limon-Coveñas Pipeline in Colombia Suffers 46th Attack of the Year

Ecopetrol said that it “rejects these illegal actions” that endanger people, damage the environment, and harm neighboring communities.
Posted On September 29, 2017
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The Higabra Valley Tunnel at Continental Gold's Buriticá goldmine in Antioquia.
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Continental Gold Discovers Vertical Extension of Deposit at Buriticá Mine in Antioquia

“Accelerating the drilling program only makes sense given the upside,” said Ari Sussman, CEO of Continental Gold.
Posted On September 19, 2017
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Interview: Paul Harris of Colombia Gold Symposium Breaks Down Recent Developments in Colombian Mining Sector

"Colombia can’t really afford to turn its nose up at the wealth of resources it has at its disposal," says Paul Harris.
Posted On September 17, 2017
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Exporting Green Gold: The Colossal U.S. Market Is Now Officially Open to Colombian Avocado Growers

New rules governing the importation of Hass avocados from Colombia into the United States took effect yesterday, marking a new era for Colombian growers. Now, avocado farmers in the country can officially apply for permits from the U.S. Department of Agriculture that would allow...
Posted On September 15, 2017
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brazil resources inc gold eco oro
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Eco Oro Minerals Secures $4 Million USD Loan to Fund Revised Settlement to End Shareholder Litigation

The alterations are being made to an agreement originally announced on August 1.
Posted On September 13, 2017
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Colombian Coffee Production Up 9% in August

The National Federation of Coffee Growers of Colombia cited good weather conditions for the higher yield.
Posted On September 4, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Attack on Caño Limón-Coveñas Pipeline Disrupts Ecopetrol Operations, Spills Oil in Local Gorges

"Ecopetrol emphatically rejects these illegal actions," said the oil company.
Posted On August 29, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol to Liquidate Two European Subsidiaries in Spain and Germany

The company said that its Spanish subsidiary “is currently inactive and is no longer needed by the business group.”
Posted On August 28, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Formalizes the Creation of Mexican Subsidiary ECP Hidrocarburos México

After receiving approval from Mexican authorities, Ecopetrol has formally launched ECP Hidrocarburos México S.A. de C.V.
Posted On August 22, 2017
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Felipe Bayon Ecopetrol Colombia Oil
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Juan Carlos Echeverry Steps Down as Ecopetrol President, Will Be Replaced by Felipe Bayón Pardo

Bayón is expected to formally take over on September 15. The company did not reveal why Echeverry was stepping down.
Posted On August 17, 2017
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brazil resources inc gold eco oro
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Eco Oro Names CFO Paul Robertson as Interim CEO

Robertson, the current chief financial officer of Eco Oro, is filling a void left by the recent resignation of Mark Moseley-Williams.
Posted On August 3, 2017
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Eco Oro Settles With Shareholders to End Internal Litigation and Plans to Move Forward with Arbitration Claim Against Colombia

“The agreement unites the shareholders of Eco Oro in pursuit of its arbitration claim against the Republic of Colombia,” said Eco Oro.
Posted On August 2, 2017
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The town of Buriticá in Antioquia has been the location of both legal and illegal mining. (Credit: Loren Moss)
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Six Killed by Mine Explosion in Central Colombia

How the explosion occurred after the personnel entered the mine remains unclear, but one member of the crew managed to survive a blast.
Posted On July 31, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Verifies Deepwater Oil Discovery at Warrior-2 Well in Gulf of Mexico

Ecopetrol owns a 30% stake in the Anadarko-operated Warrior-2 well. The exact volume of the discovery is still under evaluation.
Posted On July 28, 2017
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The Higabra Valley Tunnel at Continental Gold's Buriticá goldmine in Antioquia.
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Continental Gold Begins Drilling at Buriticá Goldmine in Colombia for First Time in More Than Two Years

Three rigs are now operating in this 15,000-meter exploration campaign, and two more are planned to join the effort later this year.
Posted On July 27, 2017
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Eco Oro President and CEO Mark Moseley-Williams Resigns

Anna Stylianides, executive chairman of the company’s board, will serve as interim president and interim CEO, said Eco Oro in a statement.
Posted On July 26, 2017
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Guamalito disruption of the Caño Limón-Coveñas pipeline that cut oil production for Ecopetrol and damaged the environment. (Credit: Ecopetrol)
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Ongoing Attacks Have Paralyzed Colombia’s Caño Limón-Coveñas Oil Pipeline Since May 30

Repairs have not been completed due to “continued harassment by firing helicopters” and “anti-personnel mines,” said Ecopetrol.
Posted On July 25, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol to Award more than $125,000 USD in Innovation and Entrepreneurship Prizes

The five top winners of the Ecopetrol Awards may receive more than $8,000 USD, and another 12 winners will walk away with $2,000 USD or more.
Posted On July 20, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Forms New Subsidiary in Mexico with Eyes on Exploration

The new Ecopetrol subsidiary will be responsible for the subscription and execution of the petroleum contracts that the company has in Mexico.
Posted On July 13, 2017
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Starbucks store in Bogotá Colombia grand opening cafe coffee shop
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Starbucks Partners with NGOs to Invest Nearly $5 Million USD in Colombian Coffee Industry

Starbucks has partnered with the Inter-American Developmental Bank on a $4 million USD loan program for 2,000 small-scale framers, most of whom will be women.
Posted On July 13, 2017
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la cira infantas ecopetrol loan cash on hand
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Ecopetrol Pays Off $1.9 Billion USD Loan Nearly Three Years Early

The early payment is the result of what Ecopetrol called a “solid cash position" that left it with more than $6 billion USD on hand at the end of the first quarter.
Posted On June 30, 2017
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After Locals Citizens Vote Against Open-Pit Mine, What Does the Future Hold for AngloGold Ashanti’s La Colosa Gold Mine in Colombia?

To add some clarity to the headline-making dispute, Finance Colombia Executive Editor Loren Moss recently sat down to talk with Colombian mining expert Paul Harris. In addition to being the organizer of the Colombia Gold Symposium, editor of the Colombia Gold Blog, and publisher...
Posted On June 27, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Output Down 9,500 Barrels per Day Amid Blockades and Disruptions at Rubiales Oilfield

Ecopetrol said members of the Alto Unuma indigenous community have “taken by force” an onsite water disposal plant at Rubiales oilfield.
Posted On June 27, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Moody’s Affirms Baa3 Credit Rating and Negative Outlook for Ecopetrol

Moody's cited Ecopetrol's "improving credit metrics and strong liquidity," but recognized the remaining risk associated with its low 6.7 years of reserve life.
Posted On June 25, 2017
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cucunuba UNGRD mine colombia disaster
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Coal Mine Explosion Kills 13 People in Colombia

Five people remain unaccounted for after more than 12 hours of rescue efforts and emergency response, said UNGRD.
Posted On June 24, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Wins Two Shallow-Water Blocks in Mexican Auction

Ecopetrol is partnering with Pemex on one block and the Mexican subsidiary of Malaysian oil company Petronas on the other concession.
Posted On June 23, 2017
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol to Drill Two Exploratory Wells, Lorito-1 and Trogón-1, in Colombian Department of Meta

Both prospects are within the company's CPO-9 block and part of a contract between Ecopetrol and Repsol subsidiary Talisman.
Posted On June 16, 2017
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