In accordance with Juan Camilo Narinochairman of the ACM, said production is expected to increase by 10% compared to 2022, when it reached 64.9 million tons.
In this sense, the union leader confirmed that exports of the mining sector reached $4,962 million in the first quarter of the year, which is $1,210 million more than in 2022 when that figure reached $3,752 million.
“Sales abroad were demarcated at the beginning three months of the year in Europethat went from 26% of exports in 2022 to 44% in 2023, followed by Asia (22%) and America (33%),” said the chairman of ACM.
On the other hand, a contraction in formal gold production in the country is expected, which would close the year below 0 616,023 ounces which were withdrawn last year due to the insecurity of some operations.
Similarly, a decrease in cement production is expected, which would overall be only 13.88 million tonnes due to the high interest rates and the lower dynamics of the economy.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
