Prospecting for Change
Colombia is host to expansive reserves of gold, nickel and coal promising great riches, but getting the minerals out of the ground is easier said than done. This article—part of a series on mining and metals in Latin America—examines the obstacles hindering the industry’s development and features insight from top lawyers about how they can be overcome. Attorney Jose Vicente Zapata discusses how the Colombian government works with the mining sector.
"What you see from the industry is strong demand for improved conditions and I think the government will provide those conditions, but these incentives are at the contractual level, which does not imply tax cuts or reducing much-needed income for government at a time when investments are slow," Mr. Zapata said.
READ: Prospecting for Change (subscription required)