Colombians demand smooth transition after Glencore exits

By Staff Writer / December 29, 2022 / www.northernminer.com / Article Link

The mayors of five municipalities in northern Colombia's Cesar mining corridor want the government of President Gustavo Petro to phase out mining operations with a smooth transition into other industries instead of an abrupt halt.

About 90% of the corridor's economy is based on mining and related activities.

The mayors expressed concern regarding Petro's stance on mining, according to local media, particularly since little has been done since Glencore subsidiary Prodeco handed its coal mining concessions back to the Colombian state.

The move left almost 5,000 people unemployed. They're surviving by working on nearby farms or by starting small business ventures. Local leaders say some municipalities are losing about $4 million in taxes and royalties because the mining industry is stagnant.

The process of finding a new owner for the mines has been suspended until Prodeco fulfills technical, environmental, labour and financial obligations, according to a report by Caracol, a local private television network.

Recent News

Major producers and most of TSXV gold see strong gains

March 03, 2026 / www.canadianminingreport.com

Big Gold production declining, revenue surging, costs flat

February 23, 2026 / www.canadianminingreport.com

Gold stocks rise with majors outpaced by juniors

February 23, 2026 / www.canadianminingreport.com

Agnico Eagle's production dip and higher costs offset by jump in gold

February 17, 2026 / www.canadianminingreport.com

Barrick, Agnico Eagle report extremely strong Q4/25 results

February 17, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok