As for the production of strategic minerals for the country, ACM projects that the production by thermal coal and the country’s metallurgical industry will close at about 71.7 million tons in 2023, while that figure would reach 77.3 million tons in 2024. As for coke production, it would end this year at 4 million tons […]
Tag: mining sector
It is a historic year for mining exports: ACM
The Colombian mining sector will export more than $22 billion this year, assured Juan Camilo Nariño, president of the Colombian Mining Association (ACM). This figure is USD 7 billion higher than last year. The union leader explained that the increase in the value of exports implies a larger contribution to royalties, which will exceed $4.84 […]
Petro’s announcement about royalties in the mining sector left a bittersweet taste
The former finance minister Maurico Cardenas, assured that the president’s message on the royalty issue was contradictory. “President Petro is right that the resources in the soil belong to the nation and that royalties should not be part of the companies’ accounts. By the same logic, royalties should not be given importance because they are […]
Mining sector announces marches against tax reform
This is an initiative that originated from the workers of the companies and the contracting companies, and according to them it is intended that the Congress hears the petition and “do not endanger the country’s mining industry.” “As proposed, the tax reform will affect thousands of Colombian families as jobs, the income of workers’ families, […]
The tax threatens the survival of Colombia’s mining sector: ACM
An analysis of the unionized text shows that, in what has to do with building materials, the combined rate of rent plus allowance leaves the country with an income tax of 45%, without deducting royalty fees as they do in other countries. “This is an unprecedented value compared to other countries in the region, including […]