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Based on statistics available through March of 2015, Colombia’s industrial sector has experienced a negative annualized growth rate through the previous four quarters, led downward by the petroleum sector. This has resulted in decreased tax revenues for municipal and state...

Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) has completed the second tranche of its previously announced private placement in the amount of approximately $5,650,000 for total gross proceeds of approximately $19,350,000, consisting of 71,677,550 common...

Continental Gold Inc. (TSX:CNL)(OTCQX:CGOOF) has announced that Mateo Restrepo Villegas will serve as Executive Vice-President, effective August 12, 2015, and will be located in the company’s Medellín office. Restrepo brings experience in mining, infrastructure, banking and...

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) announced today that it is changing its corporate name to Pacific Exploration and Production Corporation. The name change comes after an acquisition by Alfa S.A.B. and Harbour Energy, Ltd. failed, and the company continues to...

This week, the city of Medellin held the pre-event kickoff for the upcoming Cities For Life Global Meeting 2015, to take place this August 31 to September 1st in Plaza Mayor, the city’s flagship convention center. Cities for Life will bring more than 40 experts from around the...

Kalmar, part of Cargotec, has been awarded a major port equipment order from long-standing customer Sociedad Portuaria Regional de Buenaventura S.A. (SPRBun) as they gear up for growth at their operations in Terminal Especializado de Contenedores de Buenaventura S.A. (TECSA) in...

Washington DC based Blackboard today announced the acquisition of Bogota based Moodle solutions provider Nivel Siete. By merging, the two companies expect to be able to offer more services and solutions to organizations that leverage Moodle, and support a greater number of...

APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have signed a joint venture agreement to jointly manage and operate Compas S.A.’s existing multi purpose Cartagena Terminal. APM Terminals and Compas S.A. will...

City backed business incubator Ruta-N announced yesterday a deal with the University of Wisconsin (USA) to establish a $2+ million laboratory in part of the space recently abandoned by Hewlett Packard. The initial term will be for three years. The venture expects to count on...

Yesterday, Colombia’s Development Finance Agency, FDN (Financiera Nacional de Desarrollo) announced the successful financing of the first three 4G (Fourth Generation) highway concessions, expanding the country’s ground transportation infrastructure. This will facilitate...