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Media Partnerships

//Finance Colombia is glad to support the efforts of event organizers domestically and internationally. We offer several different levels of collaboration based on your objectives & constraints.

Finance Colombia is glad to support the efforts of our event organizer partners domestically and internationally. We offer several different levels of collaboration based on your objectives & constraints.

Basic

Finance Colombia offers the following:

  • 728×90 OR 300×250 banner ad in rotation on all article pages and front page
  • 1 email announcing the event to our subscriber base before the event. You provide HTML
  • 12 social media posts: up to 1 per week, Facebook, Twitter, LinkedIn
  • 1 pre-event article announcing and promoting the event
  • 1 post-event article

 

You offer the following:

  • 3 all access media passes (editor, photographer, assistant) for events within Colombia, or 2 all access media passes for events outside of Colombia, including privileges of paid attendees (meals, event receptions, functions, etc.)
  • Prominent listing as media partner with our logo (and link on electronic media) on all print and electronic promotional materials, event programs, etc. including stage backdrops, and photographer’s curtains.
  • Table and suitable space to share our promotional material (primarily offering free subscriptions to attendees) and permission to offer free subscriptions to attendees
  • Airfare + Hotel to and from the event per our travel policy:
    • International, Bogotá: 1 hotel room (official event venue hotel) & 2 business class airfares
    • Rest of Colombia: 2 hotel rooms & 2 business class round trip fares
    • Events in Medellín do not require hotel room or air travel

Speaker / Moderator

We offer each other all of the above plus…

Finance Colombia offers:

  • 2 additional articles, promoting our participation, plus promoting the event (3 total).
  • 2 more promotional emails (up to 1 per month, maximum)
  • Cross platform promotion – banner ads on our other publications & social media channels as relevant: Finance Americas, Cognitive Business News, Lorenmoss.com, Unido Digital Media
  • Social media promotion, participation & engagement during the event
  • Active promotion of our participation via publisher & publication LinkedIn channels & groups, social media
  • Assistance & outreach (as necessary) with identifying & recruiting other speakers, invited guests & experts
  • Finance Colombia editors/publisher will  prepare and give relevant presentations and/or moderate up to 2 sessions, in English or Spanish

 

You offer:

  • Access to any VIP / optional extra-cost event functions
  • Full exhibit space during the event
  • 1 additional all-access exhibitor pass

 

Sponsor Package

We offer each other all of the above plus:

Finance Colombia offers:

  • Video and written interviews of speakers and/or organizers during the event (up to 5).
  • 12 additional social media posts (24 total)
  • 3 pre-event articles promoting the event, such as interviews with speakers
  • 3 (minimum) post-event articles highlighting the event’s success
  • Distribution of your content (such as white papers, reports, etc.) via Finance Colombia: Articles & banners with links to download
  • 2 additional email blasts (spread out, no more than 2 per month)

 

You offer:

  • $5,995 USD
  • 1 additional air fare & hotel room per above policy
  • Listing as silver level sponsor or above (or equivalent)

 

Additional Options

  • Keynote Speaker: Loren Moss, publisher of Finance Colombia will deliver opening or closing keynote presentation, researched and relevant to the event, English or Spanish $6,000 in addition to above – Speaker/Moderator or Sponsorship package
  • Outbound Marketing: A team of 3 of our bilingual outbound sales associates will contact and invite attendees to your event $11,000 USD / month

Use our easy contact form below, or the Whatsapp applet at the bottom right:

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Viva Air CEO Félix Antelo
2

Irelandia Aviation To Grant Equity Ownership To All Viva Air Employees

Viva Air parent Irelandia Aviation, has announced a “thank you gift” of 2% of shares to Viva Air employees as a reward for what it calls the significant milestones it has achieved in the airline’s 8-year history.
Posted On February 27, 2020
, By Loren Moss
Photo: Cayo Cangrejo, off the islands of San Andrés and Providencia in the Caribbean, is one of many tropical paradises in Colombia. (Credit: Roberto San Andrés)
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Colombia’s Insurance Industry “Stable” According To AM Best

AM Best is maintaining its stable market segment outlook on Colombia’s insurance industry, citing Colombia’s favorable economy, strong capital positions among carriers and adequate regulation. The new Best’s Market Segment Report, titled, “Market Segment Outlook: Colombia Insurance,” states that the insurance...
Posted On February 26, 2020
, By Loren Moss
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Marmato Gold Mine Spun Off From Gran Colombia Gold, To Trade On TSXV

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) has completed the spin-off of its Marmato Mining assets through a reverse takeover transaction completed this week with Bluenose Gold Corp. The resulting issuer is named Caldas Gold Corp. and subject to fulfillment of all of the requirements of the TSX Venture Exchange
Posted On February 26, 2020
, By Loren Moss
Tecnoglass has a 3 million square foot headquarters and production facility in Colombia's Atlantic port city of Barranquilla
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Tecnoglass To Present 2019 Results On Monday Conference Call

Colombian glass manufacturer Tecnoglass, Inc. (NASDAQ: TGLS) has announced it will release financial results for the fourth quarter and full year 2019 before the market opens on Monday, March 2, 2020.
Posted On February 26, 2020
, By Loren Moss
uber colombia bogota
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Über Restarts Operations In Colombia With Altered Legal Operating Model

Thursday, ride-hailing platform Über restarted its Colombian operations with a modified legal operating model, after adverse rulings and harassment from the taxi sector were able to cause the company to cease operations in the country a month ago.
Posted On February 26, 2020
, By Loren Moss
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Rappi Cofounder Juan Pablo Ortega Added To Viva Air Board of Directors

Colombian low-cost airline Viva Air this week announced that Rappi co-founder Juan Pablo Ortega Merino, co-founder of Rappi has been added to the company’s board of directors.
Posted On February 26, 2020
, By Loren Moss
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102 Colombian Municipalities Facing Drinking Water Shortages Due To Drought, Up From 32

Minvivienda, Colombia’s Ministry of Housing has announced in a follow-up study to one completed last month that the number of municipalities affected by the lack of rainfall has increased to 102; this even though several areas in the country have experienced heavy rains. “Although in some areas of the country such...
Posted On February 26, 2020
, By Loren Moss
1

After Cutting Benefits For Frequent Fliers, Avianca Introduces Fares With No Checked Baggage Or Seat Selection

Anko Van Der Werff, Avianca’s new CEO installed in 2019 seems to be busy remaking the airline after cutting premium benefits and treatment that passengers had been accustomed to, apparently to compete with Low Cost Carriers (LCCs) operating in Colombia such as Viva Air, Wingo, Spirit, and JetBlue. After...
Posted On February 26, 2020
, By Loren Moss
Photo courtesy EPM
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June 9-10 Bogotá Hydropower Event, Industry Report Launched

Hydroelectricity is currently the most important source in the Latin American electricity matrix, and trends suggest that it will continue to be so in the coming decades, and in the future it will also play an important role not only as a base source, but as a source of support, particularly for the...
Posted On February 26, 2020
, By Loren Moss
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Colombia Seeing Growth in Motion Picture Sector

Antonio Banderas, Tom Cruise and Mark Wahlberg are some of the internationally recognized actors who have filmed movies in Colombia during the last five years thanks to achievement of the Colombia's Filming Law, which delivers tax incentives to promote international filming in this South American country.  
Posted On February 25, 2020
, By Liliana Padierna
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Interview: Leonisa Responds To Finance Colombia’s “Whites Only” Catalog Claims

Fashion brand Leonisa responds to Finance Colombia's allegations of "whites only" catalogs and featured models that exclude Latinos on its website.
Posted On February 18, 2020
, By Loren Moss
Above photo of the Diamond Princess cruise ship By Barrylb - Own work, Public domain
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First Colombian Coronavirus Victim Confirmed By Government

The first Colombian victim of the Coronavirus has been confirmed via statement of the Colombian foreign ministry.
Posted On February 17, 2020
, By Loren Moss
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“Now It’s Worse Than Before” Interview With A Soldier On The Front Lines Of Colombia’s Armed Strike (Combat Footage)

"Now its worse than before." Finance Colombia was able to communicate briefly with a career soldier on the front lines in the troubled region of Tumaco to understand the situation from the point of view of the soldier on the ground.
Posted On February 17, 2020
, By Loren Moss
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Avianca Headquarters Raided By Colombia’s Prosecutor General

Today, the Office of the Attorney General of Colombia served Avianca with a search warrant of its offices with the objective of collecting information related to allegations and cover-up of Avianca’s potentially improper bribery by senior executives and members of the board of directors of government officials...
Posted On February 13, 2020
, By Loren Moss
1

Interview: CEO Felix Antelo On How Viva Air Returned To Cali, Is Welcoming First Time Flyers & Growth in Colombia’s Aviation Market

Viva Colombia's Felix Antelo tells Finance Colombia readers why the airline left Cali and how it returned, recent changes in the airline, and the ways the airline is welcoming first-time flyers and foreign tourists and family visitors.
Posted On February 11, 2020
, By Loren Moss
Vanessa Torres
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Victoria’s Secret Inks Deal With Colombia’s Leonisa, Publisher of ‘Whites Only’ Catalogs

Leonisa features 6 “top models” on their website. Lada Kravchenko (Russia), Elle Wagner (USA), Marquita Pring (USA), Tamara Lazic (Serbia), Alexandra Elise (USA), and Nina Agdal (Denmark). None are Colombian or from Latin America.
Posted On February 11, 2020
, By Loren Moss
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Eric Sprott Ups Stake In Gran Colombia Gold In $40 Million CAD Private Placement

Gran Colombia Gold Announces Closing of CA$40 Million Private Placement; Eric Sprott Increases Investment to Approximately 11%; Gran Colombia Announces It Will Redeem 30% of Its 2024 Gold Notes on March 31, 2020
Posted On February 11, 2020
, By Loren Moss
Photo: Iván Duque Márquez, president of Colombia, briefs reporters during the U.N. General Assembly. (Photo credit: UN Photo/Loey Felipe)
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Fitch Ratings Not Impressed With Colombian Government’s Fiscal Strategy

Fitch Ratings released an analysis on Colombia’s tax reforms, stating they will likely signify revenue losses in 2020, underscoring the view that meeting this year’s fiscal deficit target will be challenging and reliant on extraordinary revenues, the ratings firm says. Structural deficit reduction may...
Posted On February 11, 2020
, By Loren Moss
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Gas Stations In Northeastern Colombia Shut Down Over Dispute With Government Over Fuel Subsidies

Retail gas stations and wholesale distributors in La Guajira, Colombia’s Atlantic coastal department bordering Venezuela, have closed in protest of the national government’s subsidized gasoline quotas established by MinMinas, Colombia’s ministry of Mines & Energy. La Guajira, one of Colombia’s most...
Posted On February 11, 2020
, By Loren Moss
Photo: Indigenous Colombians living in the harsh, dry lands of La Guajira, one of the nation's poorest regions. (Credit: Macuira Tours)
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InsightCrime: Illegal Mining Poisoning Colombia’s Indigenous With Mercury

Mercury contamination caused by illegal mining in Colombia’s Amazon is threatening the welfare of Indigenous communities who are now seeking legal action against the government. Late last year, a group of affected Indigenous communities presented a lawsuit against the government in a superior court in Bogotá,...
Posted On February 11, 2020
, By Loren Moss
LATAM Fine colombia
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State-Owned Qatar Airways Wants 20% Stake In LATAM

Qatar Airways Told Reuters it wants to up its stake in Chile-based LATAM to 20%, equaling Delta's
Posted On February 11, 2020
, By Loren Moss
Campo Quifa, Meta Colombia 12/11/2016 Taladro Petroworks 118 perforando el pozo Quifa 524H en el cluster 39
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Frontera Energy Strikes Oil In Colombia’s Lower Magdalena Valley

Canada-based Frontera Energy Corporation (TSX: FEC) has announced a successful find of oil and gas in its La Belleza-1 well in their VIM-1 block, a joint venture with Parex Resources, Inc (TSX: PXT).
Posted On February 11, 2020
, By Loren Moss
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ProColombia Opens Registration For 80th Business Matchmaking Forum To Be Held In Medellín

ProColombia has opened registration for the 80th Business Matchmaking Forum to take place in Medellín’s Plaza Mayor Convention Center from March 16-18, expecting to bring together 3,000 entrepreneurs, exporters and buyers from across Colombia and abroad.
Posted On February 11, 2020
, By Loren Moss
Oil Pump Courtesy Kobiecanka - Pixabay
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Amid Cash Crunch & Depressed Share Value, A Board Shakeup At Arrow Exploration

Arrow Energy has announced that Tim de Freitas, Gustavo Antonio Dajer Barguil and Brian Hearst, have been appointed to the board of directors, and Mauricio Nuñez Restrepo has been appointed as corporate secretary.
Posted On February 11, 2020
, By Loren Moss
Viva Air flight 8274 To Cali
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Viva Air Receives Enthusiastic Welcome Upon Its Return To Cali, Colombia

Low-cost airline Viva Air inaugurated its return to Cali last week with new flights between Cali and Medellín, Cartagena, and San Andrés.
Posted On February 8, 2020
, By Loren Moss
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Colombian Government Launches Digital Inclusion Initiative For Indigenous, Afrocolombian, Roma Populations

Colombia’s Ministry of Information & Communications Technologies (MinTIC) last week announced a package of projects and activities to boost digital inclusion and promote the voices of ethnically distinct communities throughout Colombia. The initiatives include training on digital content production and support...
Posted On February 8, 2020
, By Loren Moss
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Shell & Ecopetrol Sign Deal To Develop Offshore Colombian Gas

Colombia’s state controlled petroleum producer Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) and Shell (AMS: RDSA, NYSE: RDS.A) through Shell subsidiary Shell EP Offshore Ventures Limited, signed a deal which will see Shell acquire a 50% stake in the Fuerte Sur, Purple Angel and COL-5 blocks, located in deep water off...
Posted On February 8, 2020
, By Loren Moss
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Plus Ultra Begins Ticket Sales For New Spain – Colombia Routes

Spanish airline Plus Ultra has begun sale of tickets for its new route between Madríd, Spain, Calí and Cartagéna, Colombia for flights beginning June 17th, 2020. The Madrid>Cali route will fly Mondays & Fridays leaving at 1:35am and arriving at 5:15am (all local times). The return flight will leave at 7:15...
Posted On February 8, 2020
, By Loren Moss
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Moody’s Upgrades Lifemiles To B1 From B2

Ratings firm Moody's Investors Service (Moody's) has upgraded LifeMiles Ltd.'s senior secured and corporate family ratings to B1 from B2. The outlook has been revised to stable from negative.
Posted On February 8, 2020
, By Loren Moss
first data bancolombia colombia (Photo credit: Jared Wade)
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Bancolombia’s Senior Unsecured Notes Due 2025 Rated BBB By Fitch

Fitch Ratings has assigned a 'BBB' rating to Bancolombia's (NYSE: CIB) upcoming US dollar denominated senior unsecured notes. The global notes for $950 million dollars are due in 2025.
Posted On February 8, 2020
, By Loren Moss
Cross section of drill hole MT-IU-050 (Final)
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Gran Colombia Gold Discovers New High Grade Zone At Marmato Project

Gran Colombia Gold Announces the Discovery of a Potential New High-Grade Zone at Its Marmato Project Outside the Deeps Zone; Reports Additional Higher-Grade Gold Intercepts Completing 2019 Phase 2 Drilling in the Deeps Zone Including 75.83 Meters at 4.03 g/t Au in Drill Hole MT-IU-051
Posted On February 4, 2020
, By Loren Moss
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Avianca & Copa Frequent Flyers: You Just Lost Some Star Alliance Benefits

Unless travelers are traveling on a first class or business class ticket, they will lose access to lounges in over two dozen airports
Posted On February 4, 2020
, By Loren Moss
Figure 1: Underground Channel Sampling Results from the Newly-Discovered Athena Vein in the Yaraguá System, Sublevel 1190
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Continental Gold Discovers More High Grade Veins In Its Buriticá Mine

Toronto based Continental Gold Inc. (TSX:CNL, OTCQX:CGOOF) yesterday announced that systematic channel sampling of underground development for its mine in Buriticá, Colombia has resulted in the discovery of two high-grade veins in the Yaraguá system. Development of its 100%-owned mine outside the Antioquia town of...
Posted On February 4, 2020
, By Loren Moss
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Royal Road Extends Deadline For Mineros Deal To March 30, Adds IR Head

Royal Road Minerals Limited (TSXV:RYR) has announced that it has entered into an agreement with Mineros S.A. to amend its previously announced letter of intent in relation to the company’s Guintar and Niverengo concessions and its Margaritas title application in Antioquia, Colombia. The agreement extends the...
Posted On February 4, 2020
, By Loren Moss
1

Extreme Turbulence: Avianca Caught Up In Mammoth Airbus Bribery Scandal

Already entangled in multiple scandals involving illegal wiretapping of its pilots' union and improper favors to government officials, Colombian air carrier Avianca has now found itself involved in the massive multi-billion dollar global bribery scheme by Airbus uncovered by prosecutors in the US, the UK and France.
Posted On February 3, 2020
, By Loren Moss
Shakira photo by Andres.Arranz Original uploaded to www.arteyfotografia.com as Shakira Rock in Rio 08 003 - https://www.arteyfotografia.com.ar/3786/fotos/220156/, CC BY 2.5 es, https://commons.wikimedia.org/w/index.php?curid=8620384
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Salsa & Guacamole: Sunday’s Super Bowl Has Growing Ties To Colombia

The performance of Barranquilla-born Shakira in Sunday’s Super Bowl played at the Hard Rock Stadium outside of Miami is an obvious connection, but lesser known is the fact that 24 of Jennifer Lopez’s dancers are members of Cali, Colombia based Swing Latino salsa dance group. And even though guacamole is Mexican in...
Posted On February 2, 2020
, By Loren Moss
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Copa Airlines World’s 2nd Most Punctual, LATAM #5

Airline analytics and data firm OAG (Official Airline Guide) has released its 2020 airline punctuality ratings, which rate Copa Airlines as the world’s second most punctual with 92.01% of flights arriving within 20 minutes of schedule. Only Garuda Indonesia surpassed this with a 95.01% punctuality rating. LATAM...
Posted On February 2, 2020
, By Loren Moss
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Israeli Conglomerate Acquires Cali-Based Avocado Packer Pacific Fruits

The Cali, Colombia operations, brands and machinery of Pacific Fruits, one of the leading companies for packing and commercialization of agricultural products, especially the Hass variety of avocado has been acquired by Israeli investment vehicle Managro.
Posted On January 29, 2020
, By Loren Moss
BOGOTÁ -Photo courtesy Germán Ruíz
1

US Leads Foreign Direct Investment In Bogotá, Followed By Canada In 2019

During 2019, Invest in Bogota (IIB), the city of Bogotá's investment promotion agency, supported 48 greenfield Foreign Direct Investment projects, its highest number for a calendar year since its institution in 2006.
Posted On January 29, 2020
, By Loren Moss
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Colombian Event Platform Rebus Raises $415,000 Seed Round

Rebus, a Colombian event and ticketing platform launched in 2017 and led by co-founder Juliana Villalba Torres, has raised $415,000 in seed funding from several angel investors, including Angel Ventures, Magma Partners, Enlaces, Quake Capital, Avalancha Ventures and several individual angel investors in the...
Posted On January 29, 2020
, By Loren Moss
JetSmart jet on the runway.
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Chilean Low-Cost Airline JetSmart Begins Service In Colombia

JetSmart Airlines has begun flying routes between Santiago, Chile and both Bogotá & Cali, Colombia
Posted On January 29, 2020
, By Loren Moss
left to right: Carlos Moreno, Latam Regional CFO of LafargeHolcim, Jochen Werling, Group CIO LafargeHolcim, Anibal Gaviria Correa, Governor of Antioquia, Daniel Quintero Calle, Mayor of Medellin and Alejandro Carballido Americas Digital Center Head LafargeHolcim.
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LafargeHolcim Expands Shared Services Center in Medellín: 1,000 New Tech Jobs

Swiss cement company LafargeHolcim (SIX: CHF) has announced that it expects to invest more than 10 million dollars and generate close to 1,000 jobs in the medium term, as it expands its Shared Services operations located in the Ruta N Innovation District of Medellín, Colombia.
Posted On January 29, 2020
, By Loren Moss
Continental Gold Buriticá grinding area construction underway
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Shareholders Overwhelmingly Approve Continental Gold Sale To Zijin Mining, >98% In Favor

Continental Gold Inc. has announced that, at a special shareholders meeting held today, its shareholders overwhelmingly approved the sale of the company to Zijin Mining Group, of China, voting over 98% in favor.
Posted On January 28, 2020
, By Loren Moss
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Avianca Flight Diverts To Panamá After Plane Damaged In Flight, 4 Hospitalized

Last Thursday, January 23, Avianca flight AV693 flying from San José, Costa Rica to Bogotá, Colombia had to land in Panamá City’s Tocumen International Airport after experiencing severe turbulence that sent 3 crew and 1 passenger to the hospital, and left the plane damaged.
Posted On January 28, 2020
, By Loren Moss
Colombia's finance minister, Dr. Alberto Carrasquilla
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Colombia Issues New Bond Offering To Refinance 2021 & 2024 Tranches

Colombia announced last week the commencement of a global "new bonds offering" of new global bonds to be denominated in U.S. dollars due in 2030, and additional global bonds to be denominated in US dollars due in 2049.
Posted On January 27, 2020
, By Loren Moss
gran colombia gold marmato segovia lawsuit
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In 2019, Gran Colombia Gold Broke Quarterly & Yearly Production Records

Gran Colombia Gold has announced that it produced a total of 22,391 ounces of gold in December and a new annual record of 239,991 ounces for 2019
Posted On January 27, 2020
, By Loren Moss
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MAPFRE Insurance Signs Deal With Banco Pichincha For Voluntary Insurance

Spanish insurer MAPFRE has entered into a strategic alliance with Banco Pichincha in Colombia to offer insurance products to the bank's customers.
Posted On January 27, 2020
, By Loren Moss
EPM Water treatment facility. Photo courtesy EPM
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32 Colombian Municipalities Facing Water Shortages

This year’s annual dry season that affects Colombia in December and January has seen the number of municipalities facing shortages grow to 32, according to the country’s minister of housing, cities and territories, Jonathan Malagón.
Posted On January 27, 2020
, By Loren Moss
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Avianca December Passenger Traffic Down 6% From 2018

In December 2019, Avianca and its subsidiaries (NYSE: AVH) (BVC: PFAVH) transported 2,546,232 passengers, a 6% decrease compared to December 2018.
Posted On January 27, 2020
, By Loren Moss
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Medellín Utility EPM Reaches 3-Year Labor Pact With Unions, Installs Solar Panels On Plaza Mayor

Álvaro Guillermo Rendón López, the new General Manager of Empresas Públicas de Medellín (EPM) has announced  that the Colombian utility has reached a 3 year labor agreement, signed January 24, between the company and its Sintraemsdes labor union.
Posted On January 27, 2020
, By Loren Moss
Plus Ultra A340
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Spanish Airline Plus Ultra Arrives In Colombia With Madrid-Cali-Cartagena Routes

Spanish Airline Plus Ultra Lineas Aéreas will begin operating a Madrid-Cali-Cartagena route beginning June 17th this year,
Posted On January 27, 2020
, By Loren Moss
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2020 Petroleum Exploration & Production In Colombia Expected To Increase By 23%

Today the Colombian Petroleum Association, (ACP for its initials in Spanish) presented their report on investment trends in exploration & production (E&P) for 2019 and their outlook for 2020, consolidating information from the 26 most important petroleum companies in Colombia, representing 94% of the...
Posted On January 27, 2020
, By Loren Moss
Hospital Image by Stefan Schranz from Pixabay
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Colombia May Have Its First Coronavirus Infection

A passenger arrived on January 25 in Colombia’s third largest city with symptoms conforming with those of the Coronavirus outbreak in Wuhan, China. The messenger, a male in his 40s, returned from China, passing through Spain & the United States on his way back to Colombia.
Posted On January 27, 2020
, By Loren Moss
2

Travelers Beware: Avianca Dishonoring Its Frequent Flyer Commitments

You cannot come in here. As of January 1, Lifemiles Silver members no longer have access to this lounge. How would you like to pay?
Posted On January 25, 2020
, By Loren Moss
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Interview: Management Guru Ram Charan On How Colombia Can Go From A Resource To A Knowledge-Based Economy

Ram Charan shared his insights with Finance Colombia on topics like digital disruption: a topic he addressed in his books Global Tilt and Attacker's Advantage.
Posted On January 20, 2020
, By Loren Moss
DoubleTree by Hilton Bogotá Salitre AR, a 199-room hotel in Bogotá’s Salitre area near the El Dorado International Airport.
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Hilton Opens New Doubletree In Bogotá Near Airport, Convention Centers

Hilton Hotels has opened a Doubletree hotel with convention facilities near Bogotá's El Dorado International AIrport
Posted On January 20, 2020
, By Loren Moss
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Invitation: It’s getting real now! The Enterprise Connect 2020 conference, that is.

Finance Colombia readers receive special discounts by using the code FINCOL at registration for the only event focused on helping you optimize your investments in communications and customer experience systems, services, and architectures.
Posted On January 16, 2020
, By Beth Schultz
Ivan Duque is buddy-buddy with then-head of the US International Development Finance Corporation Adam Boehler
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US Development Finance Corporation In Colombia Seeking To Finance Private Sector Projects

Adam Boehler of the US DFC is visiting Colombia until tomorrow with a team of senior executives from the Corporation to identify new opportunities to finance private sector projects.
Posted On January 16, 2020
, By Loren Moss
2

Guest Opinion: A Signal of Caution For Direct Investment in Colombia—Über VP of Global Public Policy

Über's Vice President Justin Kintz shares thoughts on the disappointing environment in Colombia for ride-sharing & alternative transportation methods.
Posted On January 16, 2020
, By Justin Kintz
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President Ivan Duque Meets With New CEO of US International Development Finance Corporation

U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler (pictured above) met with Colombian President Ivan Duque in Cartagena last month. In a statement, Boehler reaffirmed the United States’ “steadfast commitment to the Colombian people and to partnering with Colombia...
Posted On January 16, 2020
, By Loren Moss
Autoridad del Transito y Transporte Terrestre (ATTT) meeting on ride hailing.
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Amidst Regulatory Chaos in Colombia, Panamá Also Seeking Legal Framework For Ride Hailing

Panamá’s transportation regulator “Autoridad del Transito y Transporte Terrestre” (ATTT) has been meeting with government and industry representatives to negotiate a framework for ride hailing platforms such as Uber and InDriver after regulatory uncertainty and pushback against the services from taxi unions and...
Posted On January 15, 2020
, By Loren Moss
Ecopetrol Huila colloidal dispersion gels injection plant (CDG) in its Dina Cretaceous field
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Ecopetrol Inaugurates Gel Injection Plant In Huila To Increase Crude Oil Extraction

In the Colombian department of Huila, Ecopetrol has begun operations of its colloidal dispersion gels injection plant (CDG) in its Dina Cretaceous field.
Posted On January 15, 2020
, By Loren Moss
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Fitch: LatAm Sovereigns Vulnerable To Next Downturn

Growth in public debt burdens and fiscal deficits in many Latin American countries over the past decade will undermine the ability of governments to respond to shocks and a sharper than expected global slowdown in 2020, says Fitch Ratings. Weakening fiscal dynamics have been a key driving factor in sovereign...
Posted On January 14, 2020
, By Loren Moss
Photo credit Felipe Balduino from Pexels
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Rappi Sued In US Federal Court For Misappropriation of Trade Secrets

Case number 4:2019cv07415 filed in the Northern District of California names Jorge Uribe, Jose David Mendoza, Mauricio Paba Serje and Jose David Mendoza Macanaz as plaintiffs against Rappi, Inc., RAPPI S.A.S. and Simon Borrero Posada.
Posted On January 14, 2020
, By Loren Moss
(Photo credit: Avianca)
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Avianca Takes $125 Million In Additional Debt From Citadel, Latin American Investors

Avianca’s  (NYSE: AVH; BVC: PFAVH)  today announced the funding of previously announced convertible secured debt financing in a total amount of $125 million USD. This financing is incremental to the $250 million convertible secured stakeholder facility loan by United Airlines Inc., (NASDAQ: UAL) and an affiliate...
Posted On January 13, 2020
, By Loren Moss
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Termocandelaria’s Proposed Bond Reopening Rated BB+ By Fitch

Fitch Ratings has assigned a ‘BB+’ rating to TermoCandelaria Power Ltd.’s proposed notes reopening of up to $200 million USD under its 7.875% senior unsecured notes due 2029. TermoCandelaria initially issued $410 million in senior unsecured notes in January 2019 to refinance its outstanding debt....
Posted On January 13, 2020
, By Loren Moss
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Vernon Arseneau Named Executive Director & COO of Royal Road Minerals

Royal Road Minerals Limited (TSXV:RYR) has announced the appointment of Vernon “Vern” Arseneau as Executive Director and Chief Operations Officer of the Company. Vern is a founding Director of Royal Road Minerals having served on the company’s board since its inception in 2010. Arseneau is a geologist with over...
Posted On January 13, 2020
, By Loren Moss
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Spirit Airlines Adds Flights Connecting Bucaramanga & Barranquilla To The US

Spirit Airlines (NYSE:SAVE) has announced the addition of two new destinations to its network in 2020, with service to Bucaramanga (BGA) and Barranquilla (BAQ) Colombia starting in April, subject to regulatory approval. Spirit flew its first flight to Colombia in May 2008, connecting Fort Lauderdale (FLL) to...
Posted On January 13, 2020
, By Loren Moss
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Atico Mining Liquidates Debt To 1st Debenture Holders From Toachi Acquisition

Atico Mining Corporation (TSX.V: ATY, OTC: ATCMF) has announced that it has repaid in full, its outstanding $1,347,875 CDN first tranche of the debenture facility payable to first debenture group holders. The debenture facility was assumed by the company as a result of the Toachi acquisition made in September of...
Posted On January 13, 2020
, By Loren Moss
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Álvaro Guillermo Rendón López Is Installed as New Head of EPM

Medellín’s new mayor Daniel Quintero appointed attorney Álvaro Guillermo Rendón López as the new general manager of Colombia’s largest utility company Empresas Públicas de Medellín, or EPM. Rendón was installed on January 2, replacing outgoing engineer Jorgé Londoño De La Cuesta, with a term running through 2023....
Posted On January 13, 2020
, By Loren Moss
Avianca Boeing 787 Dreamliner at Medellín's Airport
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Avianca Renegotiates Aircraft Commitments With Airbus, Boeing

Avianca has renegotiated its aircraft commitment and reduced upcoming deliveries with Airbus & Boeing
Posted On January 13, 2020
, By Loren Moss
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After Threats, Lime Follows Uber As The Latest Alternative Mobility Company To Give Up On Colombia

As Colombia’s government, apparently allied with sometimes violent taxi syndicates runs off mobility providers such as Uber and domestic company Picap, electric scooter provider Lime has announced that it is also abandoning its Bogotá foothold in a blog post by its CEO. This comes as Uber has announced plans to...
Posted On January 11, 2020
, By Loren Moss
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Apparently At War With Alternative Transportation, Duque Administration Orders Liquidation of Picap Ride Hailing Service

Almost simultaneously with a ruling against Uber, Supertransporte, the enforcement organ of Colombia’s Ministry of Transportation (above photo) has ordered the liquidation of CAP Technologies S.A.S.; the company behind the Picap brand of mobility, a local alternative to Uber. In a statement issued by the ministry...
Posted On January 11, 2020
, By Loren Moss
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Uber To Cease Operations In Colombia At Month’s End

Uber will cease services in Colombia on midnight, January 31. This comes after Colombia’s commercial regulatory authority, the Superintendencia de Industria y Comercio (SIC) ordered Uber to cease operations in Colombia.
Posted On January 10, 2020
, By Loren Moss
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Continental Gold’s All Women’s Mining Team Excels At Colombian Mine Rescue Olympic Games

Continental’s team has now qualified for the 12th International Mines Rescue Competition in West Virginia Continental Gold’s (TSX: CNL) Buriticá, Antioquia-based emergency mine rescue teams excelled at the Colombian Mine Rescue Olympic Games, competing in simulated emergency mining-related situations. For...
Posted On January 6, 2020
, By Loren Moss
Frontera Energy Oil and Gas (Photo credit: generatorpowerproducts / Pixabay)
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Arrow Exploration Renegotiates Debt, Appoints Canacol VP To Board of Directors

Carrao Energy parent Arrow Exploration Corp. (TSXV: AXL) has announced that it has negotiated an amendment and extension to its $5 million USD promissory note with Canacol Energy Ltd. (TSX: CNE, BVC: CNE.C, OTCQX: CNNEF) Under terms of the amended note, Arrow agreed to appoint VP of Business Development and...
Posted On January 6, 2020
, By Loren Moss
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Colombian Juice & Chocolate Vendor Kasa Wholefoods S.A.S. To Be Purchased By Canada’s Flora Growth Corp.

Canada based Flora Growth Corp. has announced that it has entered into a letter of intent to acquire a 90% equity interest in Colombian juice producer Kasa Wholefoods Company S.A.S. Kasa produces exotic Amazonian fruit juices and chocolates under the “Mamba” brand in Colombia. Caution: As of 13 January 2020,...
Posted On January 6, 2020
, By Loren Moss
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Interview: Ad Mogul Kevin Roberts Talks About Exploring Colombia, Lovemarks & The Coming Death of Agencies

Finance Colombia’s Executive Editor Loren Moss was fortunate enough to sit down with Kevin Roberts when he was in Colombia for the WOBI World Leadership Forum last month. Kevin is the former chairman of global advertising agency Saatchi & Saatchi where he invented the Lovemarks marketing concept,...
Posted On January 6, 2020
, By Loren Moss
One of several roller coasters at Parque del Cafe in Colombia's Eje Cafetero (Photo credit: Liliana Padierna)
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4 Attractive Colombian Business Locations You’ve Probably Overlooked

Colombia’s economy continues to grow, and the country attracts more foreign direct investment every year. Just this October, over a billion US dollars in FDI was announced at investment Promotion Agency ProColombia’s 2019 Investment Summit. Colombia’s capital of 9 million souls, Bogotá continues to receive most...
Posted On January 4, 2020
, By Loren Moss
The International Narcotics Control Board (
2

UN Board Allocates To Colombia 56.5 Ton High-THC Regulated Marijuana Production Quota

The UN body allocated 131,000 pounds of dried marijuana flower production to Colombia, 21.84% of the entire world total.
Posted On December 30, 2019
, By Loren Moss
Colombia's President Ivan Duque (l) with Dr Mabel Torres, the new Minister of Science, Technology & Innovation
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Dr. Mabel Gisela Torres Named Colombia’s 1st Minister of Science, Technology and Innovation

Colombia’s President Ivan Duque today named Bahía Soláno, Chocó native Mabel Gisela Torres Torres PhD as Colombia’s new minister of Science, Technology & Innovation. Torres is a scientist from Colombia’s Pacific Coast who after 9 years of study abroad, returned to the Department of Chocó to launch the...
Posted On December 30, 2019
, By Loren Moss
Jorge Londoño De la Cuesta is the former CEO of EPM
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CEO Jorge Londoño Resigns From EPM

Finance Colombia has learned that Jorge Londoño De la Cuesta has resigned his post as head of Empresas Públicas de Medellín (EPM), the country’s largest energy provider. Though it was expected De la Cuesta would be replaced by the incoming administration of mayor-elect Daniel Quintero, eyebrows are raised by this...
Posted On December 30, 2019
, By Loren Moss
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Inmobiliaria Bondue Issues $5 Million USD Credit Facility to Toronto Based CBD Developer Avicanna

Toronto based Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN), a biopharmaceutical company focused on the development, manufacturing and commercialization of organic and sustainable plant-derived cannabinoid-based products, has announced last Friday that it has entered into a credit facility with Inmobiliaria...
Posted On December 30, 2019
, By Loren Moss
Sylvia Constain, Colombia's Minister of Information Technology & Communications (with microphone)
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Colombia Auctions Mobile Spectrum To 3 Bidders For $1.5 Billion USD

In an auction that raised 5 trillion pesos ($1.5 Billion USD), Colombia allocated mobile spectrum to operators America Movil (Claro) (NYSE: AMX, BMV: AMXL) and Millicom (Tigo) (NASD: TIGO, STO: TIGO SDB), and to British private equity investors Novator Partners. Telefónica’s (BME: TEF) Movistar was not awarded...
Posted On December 30, 2019
, By Loren Moss
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Considering Doing Business In Colombia or Latin America?

Leverage the expertise & on-the-ground experience of the publishers of Finance Colombia. The publisher of Finance Colombia, Loren Moss, backed by an experienced multinational team of professionals stands ready to place our over 15 years of in-country experience at your disposal to help you accomplish your...
Posted On December 29, 2019
, By Loren Moss
Bogotá, 27/12/2019 Foto: archivo, Nicolás Galeano - Presidencia
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Colombia’s President Signs Fiscal Stimulus Package Into Law

Colombia’s President Ivan Duque yesterday signed the Law 2010 of December 27, 2019 called the “Ley de Crecimiento Económico” or “Economic Growth Law” after it was approved by Colombia’s congress. The administration hopes the law will spur foreign direct investment and grow the country’s gross domestic product...
Posted On December 28, 2019
, By Loren Moss
One of Avianca new 787s at Medellin's Airport
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Standard & Poor’s Upgrades Avianca Holdings To ‘B-‘ From ‘SD’ & LifeMiles To ‘B+’ From ‘B-‘ On Debt Restructuring Completion

S&P Global Ratings last week raised its issuer credit rating to ‘B-‘ from ‘SD’ and its issue-level rating on the 9% senior secured notes due 2023 to ‘B-‘ from ‘CCC-‘ and the 8.375% senior unsecured notes due 2020 to ‘CCC+’ from ‘CC’ on...
Posted On December 28, 2019
, By Loren Moss
Video footage where SIC head Andrés Barreto rules Uber illegal in Colombia
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Colombian Government Issues Cease & Desist Order to Uber, But Uber Continues to Operate

Colombia’s commercial regulatory authority, the Superintendencia de Industria y Comercio (SIC), has ordered popular ride hailing platform Uber to cease operations in Colombia. So far Uber has rejected the order, indicates it is appealing, and continues to operate. Uber is very popular in Colombia, especially in...
Posted On December 28, 2019
, By Loren Moss
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Arturo José Galindo Andrade Appointed Co-Director Of Colombia’s Central Bank

Colombia’s President Iván Duque Márquez announced yesterday, from his Twitter account, the appointment of University of Los Andes economist Arturo José Galindo Andrade as the new co-director of the Banco de la República, Colombia’s Central Bank, replacing José Antonio Ocampo. “I have appointed the prestigious...
Posted On December 28, 2019
, By Loren Moss
President Duque announces new measures in the low-income Cartagena neighborhood of El Pozón during a Christmas gift handout event. Photo credit: Juan Pablo Bello – Presidencia de la República
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Colombia’s New Minimum Wage For 2020 Rises 6% To $877,803 Pesos Per Month

Colombia’s government has raised the minimum wage for 2020 by 6% to $980,657 Colombian Pesos ($298.92 USD) per month, including the transportation subsidy mandatory for employees making less than twice the official minimum wage. The minimum monthly salary will be set at $877,803 with a transportation subsidy of...
Posted On December 28, 2019
, By Loren Moss
Image by Finn Maxwell Cousineau from Pixabay
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Telefónica Sells 2,029 Mobile Towers In Ecuador & Colombia To Phoenix Tower International

After announcing a plan to move away from Latin American markets, Madrid based Telefónica (BME: TEF) has sold 621 Colombian mobile telephony towers to Florida-based Phoenix Tower International, and agreed to sell 521 more Colombian towers and 1,408 towers in Ecuador. In Colombia, Telefónica operates under the...
Posted On December 24, 2019
, By Loren Moss
Photo Credit Royal Road Minerals
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Mineros S.A. & Royal Road Minerals Announce Colombia Gold Mining Joint Venture

Royal Road Minerals Limited (TSXV:RYR) announced today that it has entered into a Letter of Intent with Mineros S.A. (BVC: MINEROS) in relation to the company’s Guintar and Niverengo concessions and its Margaritas title application (The “GNM Project) in Antioquia, Colombia. Mineros is a Colombian public...
Posted On December 23, 2019
, By Loren Moss
Carlos Ruiz is the new vice-minister for housing in Minvivienda
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Economist Carlos Alberto Ruiz Appointed Colombia’s Vice Minister of Housing

Minvivienda, Colombia’s ministry of housing has announced that 28 year old macroeconomics profesor Carlos Alberto Ruiz Martinez has been named the vice-minister in charge of housing for Colombia. Ruiz is an economist at Universidad Nacional (National University) and holds a masters degree in public...
Posted On December 23, 2019
, By Loren Moss
ETB bogota colombia
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Colombian Telecom ETB Announces Results of $400 billion COP Tender For Outstanding 7% Senior Notes Due 2023

Empresa de Telecomunicaciones de Bogotá S.A. E.S.P. announced earlier this month the final tender results in connection with its previously announced offer to purchase for cash up to $400,000,000,000 COP in aggregate principal amount of its outstanding 7.00% Senior Notes due 2023 dated November 1, 2019. Following...
Posted On December 23, 2019
, By Loren Moss
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GoldMining Closes On Acquisition of Yarumalito Gold Project

Vancouver based GoldMining Inc. (TSX: GOLD; OTCQX: GLDLF) has completed its indirect acquisition of the Yarumalito Gold Project located in Antioquia, Colombia. A GoldMining indirect subsidiary paid $200,000 CAD in cash and delivered 1,118,359 newly issued common shares of Goldmining to Newrange Gold Corp. in...
Posted On December 23, 2019
, By Loren Moss
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 continues to reflect the...
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 Mineral Projects (“NI 43‐101″)....
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 MD&A are available on SEDAR...
Posted On December 22, 2019
, By Loren Moss
Bancolombia in Medellín, Colombia.
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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 Basel III-compliant, and their terms...
Posted On December 22, 2019
, By Loren Moss
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