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

Immediate trigger for crash was new Fed Chairman pick

February 02, 2026 / www.canadianminingreport.com

Gold stocks slump on metal price decline

February 02, 2026 / www.canadianminingreport.com

Is the gold market starting to turn 'irrationally exuberant'?

January 26, 2026 / www.canadianminingreport.com

Gold stocks explode up as equity markets languish

January 26, 2026 / www.canadianminingreport.com

Gold stocks outpace flat large caps

January 19, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok