Colombia Industry

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While its Pacific Alliance partners Chile, Peru and Mexico have developed large formal mining sectors, Colombia’s internal conflict has prevented it from following suit. Although the country was home to prolific gold mines during the colonial era, at present only 10-15% of the 57 tonnes of gold produced each year comes from registered, tax-paying mining companies. The rest...

Chapter | Industry & Retail from The Report: Colombia 2016

Largely cut off from foreign investment during the 1980s and 1990s due to security concerns, Colombia developed a wide variety of local manufacturing businesses and brands. However, the opening of the economy over the past decade has forced local firms to compete with international imports. Moreover, the rapid growth of the oil and mining industries has shrunk manufacturing’s importance in the...

Chapter | Mining from The Report: Colombia 2016

Colombia’s mining industry continues to feel the effects of the recent drop in commodity prices, particularly of gold. Gold production remains high, having risen by 7.7% to 519,472 oz in the third quarter of 2015, according to the National Mining Agency. Moreover, two new major gold projects received environmental permits in 2015 and are expected to add 60,000 oz and 450,000 oz, respectively,...

Despite continuing external headwinds, in particular the significant drop in the price of oil since mid-2014, the Colombian economy remained resilient in 2015, expanding by 3.1%. 

Un doble esfuerzo por elevar los estándares regulatorios y fomentar la inversión en el sector minero de Colombia está en marcha, mientras operadores enfrentan otro año de desafíos, pese a que la industria sigue siendo ampliamente rentable.


With road and residential construction thriving, Colombia’s construction materials industries appeared poised for steady growth in the medium term. Materials produced domestically include cement, steel, PVC, brick and several raw resources including gravel, sand and metallurgical coal. All of these sectors stand to benefit from large-scale...

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