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COLOMBIA MINING OUTLOOK
Bogot, mayo de 2011
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Location: North Corner of South America.Only SA Country with access to Atlantic & Pacific
Oceans.Surface Area: 1,141,748 Km2. 15% of Australia.Population: 42 Million. (75% urban, 25% rural).Third Largest spanish-speaking population in America
Capital: Bogot (7 Million inhabitants)
GDP* US$ 240 BillionFourth largest economy in South America.
GDP/Capita* US$ 4989
FDI (2010) US$ USD$6.760 million
Literacy Rate: 94.2%System of Government: Presidential Republic.Balance of powers between executive, legislative &judicial branches.
Colombia Basic Figures
*: International Monetary Fund2008.
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ANDI is the National Business Association of Colombia. It
was founded in september 11 of 1944. It has more than a1,100 colombian private companies of different industrialsectors that produce goods and services.
ASOMINEROS was founded in 1932 to represent the
organized mining industry. It has 36 members. The ASOMINEROS Chamber as part of ANDIs
Organization was born in may 2003, as an alliance toencourage the growth of the mining sector in Colombia.
Our main purpose is to promote and maintain an optimumbusiness environment, through participation with the publicsector, for the sustainable development of Colombiasmining industry.
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Production Mining companies:
Cerromatoso (BHP Billiton). (Open Pit Nickel Mine).Cerrejn (BHP Billiton, Anglo American y Xstrata). (Open pit Coal Mine).Drummond Colombia. (Drummond USA). (Open pit Coal Mine).Prodeco (Xtrata). (Open pit Coal Mine).Carboantioquia, Carbones del Caribe, Carbones del Cesar (Coal).Carbones San Fernando, Mina La Margarita (Coal).
Mineros S.A., Mineros Nacionales (Gold).Brinsa S.A. (Salt).Minera El Roble (Copper concentrades).Cementos Argos, Cemex Colombia (Cement).Sumicol, Agregados del Norte, Calina, Ladrillera San Cristbal,Prominerales, Triturados El Chocho (Construction materials).
Exploration mining companies:AngloGold Ashanti, Greystar, Mitsui, Rio Tinto, Vale, Corporacin Minerade Colombia, Grupo de Bullet, Cosigo, Carboandes, Continental Gold.
Services and Traders companies:Geominas, Serviminas,CIIGSA, Fundicin Escobar, Vector Asenco Colombia.
MEMBERS
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COLOMBIAN MINING PRODUCTION 2010
Cerrejn
CerromatosoDrummond
Xstrata
Mineros
Norte de Santander
Boyac
Cundinamarca
Carbn: 74,3 Mtons.Cerrejn: 31 Mt
Drummond: 21, MtProdeco: 5,33 MtOtros Guajira y Cesar: 9,7 Mt.Otros Interior: 7,5 Mt
Nquel: 49.443 Ton
(Cerromatoso)
Oro: 53,6 Ton.Plata: 15,3 TonPlatino: 0,97 Ton
Cobre: 3.555 Ton
Caliza para Cemento: 11,7 Mt.
Esmeraldas: 5.230 Miles dequilates
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Fuente: Ingeominas
One of the major coal producers in theworld: 74.3 million tons (2010).
Cerromatoso is the only producer of
nickel, recovered their normal volumes
with more of 49 thousand tons (2010)
(Gold)
(Coal)
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es
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one
a
as
nickel
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Toneladas
1
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Milesdegramos
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Cmara ASOMINEROS
Total GDP Growth Mines and hydrocarbons GDP Growth Mining GDP Growth
Mining share as % of total GDP
Mining exports (Million US$) Mining exports as % of total exports
Mining Foreign direct investment (Million US$)
Mining Royalties (Million US$)
Contribution of Mining Sectorto Colombian economy
Source: DANE, Banco de la RepblicaMinisterio de Minas y Energa
2007
6,9%2,9%
5,6%
1,5%
6.34621,1%
1,100
468
2008
3,5%7,3%
1,3%
1,5%
7.44719,8%
1,798
645
2009
1,5%11,4%6,7%
1,6%
8.15424,8%
3.025
708
2010
4,3%11,1%2,2%
2,0%
9.42123,7%
2.055
650
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Fuente: DANE
EXPORTACIONES MINERAS AO 2010(Millones US$)
Source: IMCPortal (Portal de Informacin Minera Colombiana) sobre la base de estadsticas oficiales del Banco de la Repblica.
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111 5 5 55 5 5
111
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.5 5 5 5
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1
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1111 1111 1111 2 2 2 2 1111 2 2 2 2 1111 2 2 2 2 p1111 p2 2 2 2 p1111
USDMillones
Minas y Canteras (incluye carbn)
Resto de Sectores
Mining Investments shown in blue boxes
Source: Banco de la Repblica
El 30% is mining
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Estimated investment in the Mining Sector(2010 to 2020)
SECTORINVERSIONES
ESTIMADAS(MILLONES DE DOLARES)
Expansiones en Carbn y nuevos proyectos ,11111
Expansiones en metalesbsicos y nuevos
proyectos
,1111
Expansiones en Oro y nuevos Proyectos ,1111
Actividades en Exploracin,
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TOTAL ,11111
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TO CONFIRM GOLD MINING RESERVES OF NEW DISCOVERIES. ESTIMATED RESERVES OVER 25 MILLION OUNCES .
TO KEEP GROWING TREND IN COAL MINING PRODUCTION.
DUPLICATING CURRENT COAL PRODUCTION IN NEXT 10 YEARS,
UP TO 200 MILLION TONS PER YEAR.
TO DEVELOP PLANNED NICKEL PRODUCTION EXPANSIONS.
WITH NEW PRODUCTION LINE AND NEW COAL FIRED POWERSELF GENERATION PROJECT.
TO CONTINUE EXPLORATION BOOM FOR METALS.
TO IMPROVE ENVIRONMENTAL APPROVAL PROCESSES.
TO DIMINISH MINE DEVELOPMENT TIMING.
Challenges for Colombian MiningIndustry
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TO DEVELOP NEW GOLD MINING RESERVES.
FEASIBILITY STUDIES, ENGINEERING DESIGN, PROJECTCONSTRUCTION MANAGEMENT, EQUIPMENT SUPPLIES &MANUFACTURING, ENVIRONMENTAL MANAGEMENT, CONSULTINGSERVICES.
TO KEEP GROWING TREND IN COAL MINING PRODUCTION.
COAL TECHNOLOGY APPLICATIONS, MINERAL HANDLINGSYSTEMS, EQUIPMENT SUPPLIES & MANUFACTURING, MININGPROCESSING & MAINTENANCE TECHNOLOGY, CONSULTINGSERVICES.
TO DEVELOP PLANNED NICKEL PRODUCTION EXPANSIONS.
PROJECT CONSTRUCTION MANAGEMENT, EQUIPMENT SUPPLIES &MANUFACTURING, CONSULTING SERVICES.
TO CONTINUE EXPLORATION BOOM FOR METALS.
RESEARCH AND DEVELOPMENT, EQUIPMENT SUPPLIES &MANUFACTURING, MINERALS EXPLORATION, LAB SERVICES.
Opportunities for Industry
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Additional InformationMap: Coal areas Map: Geological Potential, Precious Minerals and Metals
Mining Districts with projects in a production stage
Source:Ministerio de Minas y Energa2009
Ongoing exploration and production projects:
Project: CerrejnProject: La Loma
Project: CMU-Tesoro-JaguaProject: La FranciaProject: CerromatosoProject: El BagreProject: Lower MarmatoProject: Paz del Ro
Project: La YProject: Ro de OroProject: Upper Marmato
Railroad Projects
Project: GramaloteProject: Quebradona
Project: San JorgeProject: AcandProject: Pantanos PegadorcitoProject: TarairaProject: MocoaProject: Miraflores
Project: La ColosaProject: Angostura (California) Other
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Thermo
Metalurgic
Source: Ministerio de Minas y Energa2009
Geological Potential: Coal
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Potential Prioritized Zones Minerals
1. Nort west of the Department ofAntioquia
Copper, Gold,Molybdenum
2. River Cauca Cannon Gold and basicmetals
3. Departments of Nario andPutumayo
Gold and basicmetals
4. Colombian East Gold
5. San Lucas Mountain Gold
6. Santander Mountain Range Gold
7. Departments of Tolima and Huila Gold and basic
metals
Source: Ministerio de Minas y Energa2009
Geological Potential: Precious Minerals and Metals
Fuente: INGEOMINAS
1
1
1
1
11
1
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CoalLimestoneEmeraldsGoldOtherFerronickelIron OreConstructionMaterialsGold, silver,
platinumPhosphoricRock
Mining Districts with projectsin a production stage
Legend
Mining Districts with projects in a production stage
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Main projects in aproduction stage
Project: CerrejnLocation: GuajiraOwnership:
33% BHP Billiton
33% Xtrata 33% Anglo American
Mineral: CoalProduction/year: 31 MT
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Project: La Loma, El DescansoLocation: CesarOwnership: DrummondMineral: CoalProduction/Year: 21 MT
Main projects in a
production stage
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Project: CMU-Tesoro-JaguaLocation: CesarOwnership: GlencoreMineral: CoalProduction/Year: 4,4 MMTones
Project: CalenturitasLocation: Cesar
Ownership: Glencore, othersMineral: CoalProduction/Year: 3,7 MMTones
Main projects in a
production stage
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Project: La FranciaLocation: CesarOwnership: CNR
Mineral: CoalProduction/Year: 1,5 MMTones
Main projects in a
production stage
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Project: CerromatosoLocation: CrdobaOwnership: BHP
Mineral: FerronickelProduction/Year: 49 Kt
Main projects in a
production stage
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Project: El BagreLocation: AntioquiaOwnership: Mineros S.A.
Mineral: Gold (Alluvion)Production/Year: 80.000 ozWill increase production in25.000 oz per yearwithoperation of two new dredgesacquired in Brazil.
Main projects in aproduction stage
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Project: Lower MarmatoLocation: Caldas (Marmato)
Ownership: Mineros Nacionales,Colombia Gold, MedoroMineral: Gold (Vein)Production/Year: 30.000 oz
Main projects in aproduction stage
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Project: Paz del RoLocation: Boyac
Ownership: VotorantimMineral: Iron OreProduction/Year: 77 Kt
Main projects in a
production stage
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Project: La YLocation: Antioquia(Zaragoza)Ownership: Mineros S.A.
Mineral: Gold (vein /underground)Proven Reserves: 300.000ozIt will start production inFebruary or March 2009. It isconducting additionalexploration to increase provenreserves.
Main exploration projects
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Project: Ro de OroLocation: Norte de Santander
(Tib)Ownership: Geominas andothersMineral: CoalInferred resource: 320 MM
TonesProven reserves: 60 MM Tones
Main explorationprojects
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Project: Upper MarmatoLocation: Caldas (Marmato)Ownership: Colombia
GolfieldsMineral: Gold (Veins)Inferred resource: 2.5 MM ozDrilling: 32.000 ml
Main explorationprojects
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Project: GramaloteLocation: Antioquia (San
Roque)Company: B2Gold-AGAMineral: Gold (Vein)Inferred resource: 2.5 MMOzDrilling: 320.000 ml / 450ml deep.
Main exploration
projects
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Project: QuebradonaLocation: Antioquia (Jeric)
Ownership: AGA B2GoldMineral: GoldInferred resource: 1.5 to 2 MMozDrilling: 6.000 ml / 300 ml. deep
Main exploration
projects
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Project: San Jorge
Location: CrdobaOwnership: BHP BillitonMineral: CoalBidding process ofIngeominas
Main exploration
projects
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Project: Acand
Location: ChocOwnership: Anglo AmericanColombia ExplorationMineral: polymetallic sulphideBidding process of
Ingeominas
Main explorationprojects
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Project: Pantanos PegadorcitoLocation: Antioquia (Frontino-Dabeiba)Ownership: Carbones de laLomaMineral: polymetallic sulphideBidding process of
Ingeominas
Main exploration
projects
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Project: TarairaLocation: Vaups (Taraira)
Ownership: Cosigo-FrontierMining CorporationMineral: GoldBidding process ofIngeominas
Main exploration
projects
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Project: MocoaLocation: Putumayo
Ownership: B2GoldMineral: Copper andMolybdenumInferred resource:?????Drilling: 5.000 ml
Main explorationprojects
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Project: MirafloresLocation: Risaralda
(Quincha)Ownership: B2GoldMineral: Gold (Vein)Inferred resource: 0.8 MM oz
Main explorationprojects
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Project: La Colosa
Location: Tolima (Cajamarca)Ownership: Anglo GoldAshantiMineral: GoldInferred resource: > 10 MM oz
Main exploration
projects
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Project: Angostura (California)Location: SantanderOwnership: GreystarResourcesMineral: Gold (open pit)M&I Resource: 7 MM ozInferred resource: 6 MM oz.Drilling: > 200.000 ml
Main explorationprojects
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Other companies withpresence in Colombia
Rio Tinto (with some joint
ventures)ValeBarrickMPX
MitsuiSeveral junior companies
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498 KM
BUENAVENTURA
BOLOMBOLO
LA FELISA
LA TEBAIDA
Railroad Projects
SANTA MARTA
245 KM
CHIRIGUANA
PUERTO BERRIO
1045 KM
LA DORADA
FACA
VILLA VIEJA
ENVIGADOCABAAS
PTO SALGAR
BUENOS AIRES
LA ISLA
BOGOTA
BELENCITO
Atlantic Concession
Pacific Concession
Central RailroadSystem
Carare
LA CARO
BARBOSA
LA VIZCAINA
CALIYUMBO
PALMIRA
PALMIRA
Multi purposeRailroad
Bogot
Valle
Altiplano
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