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Medellin-based multinational insurance, health-care and financial services giant Grupo Sura announced May 14 a COP$211 billion (US$57 million) net profit for first quarter (1Q) 2021, compared to a COP$76 billion (US$20.6 million) net loss in 1Q 2020.

The big change “was mainly the result of the devaluation of the markets in the region” last year, as the Covid-19 crisis began to hit, according to Sura.

Sura also credited improved 1Q 2021 results to “a recovery in income due to investments in Sura Asset Management, higher profits of associated companies and control of operating expenses.”

Total revenues in 1Q 2021 rose 13.7% year-on-year, to COP$5.6 trillion (US$1.5 billion), “reflecting a growth of 7.1% in written premiums and 9.3% in income by commissions. Additionally, investment income reached COP$296 billion [US$80 million], compared to the atypical losses in the first quarter of last year, generated by the fall of the capital markets globally.

“Likewise, the increase in income from the equity method stands out due to the higher profits of [Sura’s partial shareholdings in] Bancolombia and Grupo Nutresa and a recovery of Grupo Argos and Protección,” the company added.

Among the 1Q 20201 highlights:

-- The Suramericana insurance subsidiary in Colombia “has vaccinated more than 400,000 EPS Sura [health insurance network] subscribers against the Coronavirus at 91 vaccination centers, with a total capacity for applying around 25,000 doses per day, depending on the availability of these vaccines,” according to the company.

As a result, the Covid-19 fatality rate among Sura subscribers and policy-holders was less-than one-third that of the total Colombia population, according to the company.

While Suramericana obtained a 7.3% growth in written premiums, totaling US$1.3 billion, “retained claims rose by 14.5%, mainly in the Life and Health Care segments,” which resulted in a net loss of US$3 million for this subsidiary -- a consequence of Covid-19 claims.

-- Growths in written premiums and fee and commission income, a recovery in returns from the proprietary investments made by pension fund management firms (legal reserves), as well as an increase in the revenues received via the equity method from the stakes held by Grupo Sura, collectively boosted operating income to US$1.56 billion in 1Q 2021.

“We are seeing the benefits of a well-balanced portfolio that is driving the growth of our revenues and bottom line, as well as the headway made by Suramericana and Sura Asset Management in consolidating efficient operations,” added Sura chief financial officer Ricardo Jaramillo.

“Also worth noting is the controlled rise in expenses of just 6.3%, thanks to our ongoing focus on gaining greater efficiencies together with operating expenses that dropped 0.4% in spite of the increase in claims with Suramericana’s Life and Health Care Insurance segments,” he added.

-- Sura Asset Management recorded a growth of 7.5% in fee and commission income, mainly driven by its line of retirement savings (pensions), “Inversiones Sura” (savings for private individuals) and Sura Investment Management (asset management for institutional clients).

Corporate-wide assets-under-management meanwhile grew 16.6% year-on-year, to US$150 billion, the company added.


Toronto-based Gran Colombia Gold (GCC) – operator of Colombia’s biggest gold mine at Segovia, Antioquia – on May 13 announced US$21.2 million in adjusted net income for first quarter (1Q) 2021, up slightly from US$21.2 million in 1Q 2020.

The year-over-year improvement in adjusted net income came mainly from existing mine operations “together with a decrease in finance costs due to the reduction in the company’s debt over the last year,” according to GCC.

In February 2021, GCC finalized a partial spin-out of its Marmato mining assets in Colombia, leaving it with a 44.3% equity stake in “Aris Gold Corporation.”

The company also added a 27.3% equity interest in Denarius Silver Corp. to its portfolio in the first quarter of 2021, “giving it exposure to the Lomero-Poyatos polymetallic deposit located in Spain, in close proximity to the Matsa JV project, and to the Guia Antigua and Zancudo Projects in Colombia,” according to GCC.

GCC gold production at Segovia totaled 49,058 ounces in 1Q 2021, down from 50,346 ounces in 1Q 2020. “The company remains on track with its annual production guidance for 2021 of 200,000 to 220,000 ounces of gold,” according to GCC.

“The company’s ongoing drilling program at Segovia continues to provide encouraging results, reaffirming confidence in the high-grade nature of the Segovia gold deposits,” according to GCC.

Consolidated revenue amounted to US$101.9 million in 1Q 2021, up slightly from US$101 million in 1Q 2020, “reflecting an increase in the company’s realized gold price to an average of $1,812 per ounce sold from $1,570 in the first quarter last year, offset by lower gold sales volume this year, which included only one month of Marmato’s operating results prior to the loss of control of Aris in early February 2021,” according to GCC.

Total cash costs at Segovia averaged $825 per ounce in 1Q 2021, “a slight improvement from $830 per ounce in the fourth quarter of 2020 and up from $604 per ounce in the first quarter of 2020,” according to GCC.

“The year-over-year increase in Segovia’s total cash cost per ounce reflects an increase in contractor and artisanal mining payment rates (which had not changed since 2017) implemented in the third quarter of 2020 in response to the current gold market conditions; higher spot gold prices which increased production taxes on a per ounce basis, and; additional costs to maintain the necessary Covid-19 protocols required to protect the health and safety of Segovia’s workers and the local communities,” according to GCC.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) dipped to $46.3 million for 1Q 2021, compared with $50.4 million in 1Q 2020.

“The company’s balance sheet remained solid with total cash of $73.6 million at the end of the first quarter of 2021. After the quarterly amortizing payments in 2021 and the early optional redemption completed on May 10, 2021, the aggregate principal amount of Gold Notes currently outstanding is $19.75 million. The company also completed a partial redemption in April 2021 of 10% of its Convertible Debentures bringing the amount outstanding down to Cdn$18 million [US$14.8 million],” GCC added.

 


Medellin-based textile and plastics-recycling giant Enka Colombia reported May 13 a COP$$12.6 billion (US$3.4 million) net profit for first quarter (1Q) 2021, a big reversal from the COP$3 billion (US$814,000) net loss in 1Q 2020.

“The results of the first quarter of 2021 present the best result of recent periods, as a consequence of the good demand behavior in strategic businesses and the benefits of a higher exchange rate, whose effects had been limited in previous quarters by exchange hedges taken prior to the Covid-19 crisis,” according to Enka.

“So far this year, EBITDA [earnings before interest, taxes, depreciation and amortization] amounts to COP$17 billion [US$4.6 million], exceeding the 1Q 2020 result by about 50%,” the company added.

EBITDA margin during 1Q 2021 rose to “a historically high level, ending at 15% of sales, while the previous year it stood at 11%,” according to Enka.

“This behavior is explained by several factors:

“1. The impact of the stoppage of operations of a large part of Enka's production during the last week of March 2020;
“2. The benefits of a higher TRM [Colombian peso-exchange rate] on the company's income, a high percentage of which is indexed to the U.S. dollar.
“3. The strong increase in international prices, as a consequence of the rapid recovery of world demand and its pressure on the supply of transport services, which was a carryover to sale prices,” the company added.

Operating income grew 10.7% year-on-year, to COP$113.6 billion (US$30.8 million), “as a result of the increase in international prices and higher sales volume, mainly due to the reactivation of virgin PET [waste plastic] sales.”

“At the end of 2020 a raw material supply agreement was reached with Alpek to reactivate the sales of virgin PET, seeking to offer a local supply alternative to customers,” the company added.

Export Markets

Exports in 1Q 2021 came-in-at US$12.5 million, representing 43% of total sales.

“Market diversification continues to be essential to mitigate the effects of Covid-19 on some regions, highlighting the increase in the United States, Canada and Mexico (NAFTA), which increased their participation to 23% (2020: 17%) and offset the lower sales to Brazil, a market strongly affected by the pandemic,” according to Enka.

‘Green’ Businesses

Income in this segment rose 3% year-on-year, to COP$34 billion (US$9.2 million), accounting for 33% of sales, while exports of “green” products amounted to US$1 million, or 11% of business revenues.

Waste-plastic-bottle uptake “grew 24% versus 4Q 2020 due to the pricing and recovery strategy and gradual development of the PET market, which covered the current demand of the ‘EKO-PET’ plant (4,510 tonnes), ensuring operation of the plant at 100% in the period,” according to Enka.

As for the “EKO-Fibras” market (2,740 tonnes), this dipped 422 tonnes “mainly in Brazil and Argentina due to the effects of Covid19.”

As for the “EKO-Polyolefins” market (373 tonnes), demand fell 193 tonnes “due to lower inventories and reduction in bottle collection by Covid-19 in 2020, partially offset by better margins,” according to the company.

Textile and Industrial Businesses

Excluding a temporary dip in virgin PET production, revenues rose 2% year-on-year, to COP$70 billion (US$19 million), “due to higher international prices that offset the lower volume (-2%),” according to Enka. “Exports reach US$11.5 million, representing 92% of the company's exports.”

Industrial threads tonnage sales (3,319 tonnes) grew 8% year-on-year “due to strategy in ‘Lona,’ which grew by 29%, against technical thread sales where the most profitable markets are prioritized,” according to Enka.

The textile filaments division (2,018 tonnes) saw a 20% decline in sales volume “due to the pandemic that affected demand both in the local market and in exports. Although sales have been recovering its dynamics have not yet reached the levels prior to Covid-19,” according to Enka.


Medellin-based cement, electric power and airport/highway concessionaire Grupo Argos announced May 13 that its first quarter (1Q) 2021 net income jumped 622% year-on-year, to COP$190.5 billion (US$51.7 million).

Argos credited the boost “mainly due to the increase in sales, our operating leverage and a decrease in financial expenses.”

Consolidated revenues rose 3.2% year-on-year, to COP$3.7 trillion (US$1 billion). “This is an important growth considering that the result registered in 1Q 2020 had few effects from the pandemic and reflected the good regional economic dynamics,” according to the company

“The increase in income from sales of goods and services is mainly explained by an increase in the contributions of Cementos Argos (+ COP$141 billion/US$38 million) and the increase in Celsia (+COP$51 billion/US$13.8 million) that are higher than the contraction in the concessions business (-COP$112 billion/-US$30 million) in which the airport business continues to be affected by lower traffic as a result of the pandemic,” the company added.

Cost-of-sales remained stable “even with a significant increase in the sales of the different businesses (volume of cement +16% year-on-year and power generation + 18%),” according to Argos.

“This stability in costs with growing sales is an example of the efficiency and operating leverage that the company achieved during the 2020 juncture and that it maintains in 2021 to improve its profitability incrementally.”

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 16% year-on-year, to COP$952 billion (US$258 million), “explained by 3.2% higher sales, which is magnified when combined with the efficiency in costs and expenses that the company achieved during 2020,” according to Argos.


Colombia President Ivan Duque announced May 11 that the government has just decided to extend tuition-free college education for 97% of students attending public universities and technical colleges here, starting the second half of 2021.

The historic move puts Colombia way ahead of many nations -- including the relatively wealthy United States -- by eliminating costly tuition burdens in public educational institutions for everyone except those in higher-income strata.

The new move means all college-age students in income strata 1, 2 and 3 -- 97% of all Colombian students in public colleges and technical schools -- will have free tuition for the first time in Colombian history.

“We know that the pandemic has caused many negative effects on the income of families and, therefore, many families expressed the need to have a mechanism to help cover education expenses and public technical and technological education for our young people,” President Duque announced.

Education Minister María Victoria Angulo added that the new initiative eventually aims to become a permanent state policy.

“Through the Solidarity Fund for Education, created by Legislative Decree 662 of 2020, the national government will allocate additional resources, which will be added to those already allocated through programs for access and permanence as ‘Generation E’, which will allow students in professional, technological and university technical programs in the 63 public higher-education institutes throughout the country to have free tuition in the second semester of 2021,” according to the official press bulletin.

The national government also will “team-up with governors, mayors and institutions to provide additional enrollment assistance that mitigates the possible effects of the current situation in the country caused by Covid-19,” according to the bulletin.

Commenting on the announcement, Antioquia Acting Governor Luis Fernando Suárez  added the free-tuition move "is a powerful message from the national government that fills us with hope, that through dialogue, we are going to generate the structural changes that our country needs."

On a parallel front, “stage 3” of the national vaccination program against Covid-19 starts today -- reserved for teachers, educational staff, public safety workers, staff of the Colombian Institute of Family Welfare (ICBF) and members of the Attorney General's Office, the President added.


Medellin-based electric power giant Celsia announced May 11 that its first quarter (1Q) 2021 net income rose 33% year-on-year, to COP$115.7 billion (US$31 million).

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 1.7% year-on--year, to COP$336 billion (US$90 million), with an EBITDA margin of 34.3%.

“By regions, in the first quarter, Colombia contributed 86% of EBITDA, adding COP$289 billion [US$77 million] and Central America contributed 14%, reaching COP$47 billion [US$12.5 million],” according to Celsia.

Consolidated revenues rose 5.6% year-on-year, to COP$980 billion (US$262 million).

“The good performance of income is due to the start-up of PCH [small hydroelectric plant] San Andrés and the solar farms of El Espinal and El Carmelo, and higher income from generation and connection services,” according to the company.

“The reduction in financial expenses associated with debt management and the decrease in reference rates contributed to the consolidated net profit for the quarter,” according to Celsia. “After discounting the minority interest, the net result attributable to the owners of the parent company records a gain of COP$83.5 billion [US$22 million], an increase of 28.4%.”

Celsia closed 1Q 2021 with a consolidated debt of COP$4.2 trillion (US$1.12 billion) and a leverage ratio of 3.1 times net-debt-to-EBITDA. “Compared to 2020, the effect of the devaluation of the Colombian peso on [Celsia’s] Central America's debt was COP$86 billion [US$23 million],” according to the company.

“These first quarter results reflect the commissioning of generation and transmission assets that took several years to build,” Celsia chief exec Ricardo Sierra added.


Medellin-based multinational gold mining giant Mineros SA announced May 10 that its first quarter (1Q) 2021 net income dipped 14% year-on-year, to US$13.8 million.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 7% year-on-year, to US$45.1 million, while gross revenues rose 8%, to US$125.4 million, according to the company.

The revenue hike came from an 11% rise in average quarterly world gold prices, to US$1,707 per ounce, “partially offset by lower production,” according to Mineros.

“Total costs increased by 12%, reaching US$ 88 million, due to the increase in depreciation and amortization, a higher cost of purchases of handicraft material, the cost of material from [irregular miner] formalization contracts and the non-recurring payment of external consultancies,” according to Mineros.

“Administrative expenses had an increase of 15%, explained by the annual salary increase and external consultancy payments, partially offset by lower expenses in technology,” the company added.

Total gold production during 1Q 2021 was 65,473 ounces, of which 20,782 ounces were in Colombia (down 9%); 30,041 ounces in Nicaragua and 14,650 ounces in Argentina, according to the company.

The Colombia production dip “is explained by the sale of Operadora Minera [underground mining], since the alluvial operation showed a 10% increase in production,” according to Mineros.

All-in sustaining cost (AISC) in Colombia was US$1,108/ounce, up 26% year-on-year, “explained by the non-recurring payment of an external consultancy for US$1.5 million, due to the higher cost of the ounces generated by formalization dredges and by greater execution of investments in sustainability,” according to the company.

In the “Hemco” operation in Nicaragua, production dipped 6% “due to a lower average grade of 5%” in rock production.

“The AISC reached US$1,366/oz explained by higher cost of material from artisanal mining and higher execution of maintenance investments,” the company added.

In Argentina, 1Q 2021 production “fell by 19% compared to the first quarter of 2020, explained by the natural depletion of an open-pit mining sector,” while a “significant increase in the AISC is explained by the investments that have been made in the uncovering of a new open pit mine, in the development of the underground mine and in the expansion of the leaching piles,” according to the company.

As for the rest-of-2021 outlook, Mineros now estimates total gold production “in a range between 257,000 to 282,000 ounces,” along with continuing advances in exploration and mining life-extension projects at the Gualcamayo mine in Argentina.

In addition, Mineros will “carry out internal technical studies for Porvenir and Luna Roja (Nicaragua), DCP (Argentina) and La Pepa (Chile),” according to the company.


Medellin-based multinational cement/concrete giant Cementos Argos announced May 10 that its first quarter (1Q) 2021 net profit soared 1,227% year-on-year, to COP$55 billion (US$14.8 million).

Earnings before interest, taxes, depreciation and amortization (EBITDA) likewise rose 30% year-on-year, to COP$445 billion (US$120 million).

Gross revenues rose 6.3%, to COP$2.3 trillion (US$620 million), according to the company.

Cementos Argos is a major player in 16 Western-hemisphere countries including the U.S., Colombia and the Caribbean-Central America (CCA) region, with total annual capacity of approximately 23 million tons of cement and 16 million cubic meters of concrete.

During 1Q 2021, “consolidated cement volumes posted a year-over-year growth of 19%, reflecting a low comparison base and a solid market environment across all regions,” according to Argos.

“The macroeconomic context for the U.S. continues to be positive in relation with the construction sector, supported by the performance of the residential segment, which remains strong in terms of permits and housing starts.
“On the infrastructure side, the U.S. government recently announced a proposal named ‘American Jobs Plan,’ which indicates a US$2 trillion investment over the next eight years. Once approved, this plan is expected to increase cement demand in the next 12 to 18 months.”

Colombia Results

During 1Q 2021, “the cement industry in Colombia continued showing signs of full recovery. As a result, our cement volumes grew 19.4% versus the same period of 2020, benefited by a weak comparison base. Compared to the first quarter of 2019, dispatches were 2.8% higher.

“In the ready-mix concrete business, volumes grew 3.3% during the quarter, but are still below 2019 levels, reflecting a slower pace of recovery in formal construction.

“Regarding market environment, in the first three months of 2021 the Colombian industry continued the positive dynamic evidenced since September 2020 in terms of volume, as the retail segment continued leading the recovery on demand. Meanwhile, formal construction continued its recovery path as a result of an increase in housing starts and stability on the execution of infrastructure projects.”

Colombia revenues rose 15.3% year-on-year, to COP$603 billion (US$163 million), while EBITDA rose 18.9%, to COP$145 billion (US$39 million), according to the company.

CCA Results

“Cement volumes improved during the quarter on a yearly basis as Panama showed signs of recovery and the rest of the [Central American] countries experienced strong demand conditions associated with the strong self-construction trend that continued as remittances remained at high level during the first three months of 2021,” according to Argos.

“During the quarter ready-mix volumes decreased 13.7% compared to the same period of last year as a result of a slower pace of recovery of the industrial segment, especially in Panama.

“Weighted average cement prices decreased 1.3% on a yearly basis. Our performance in terms of volume led to a revenue growth. Nevertheless, despite lower prices during the quarter and the revaluation of the currency in Haiti, EBITDA increased year over year reaching US$41 million,” the company added.


Colombia’s Health Ministry announced May 8 a new, updated Covid-19 vaccination plan on the heels of accelerating vaccination rates – now topping 200,000 daily, likely meaning that more than 10 million Colombians will have had at least one shot by the end of May 2021.

The plan adjustments “were made based on scientific evidence, which made it possible to identify new comorbidities in people with higher risk from the virus and other populations that, due to their exposure, have an increased risk of infection,” stated Health Ministry infectious-disease prevention director Gerson Bermont.

While virtually all of Colombia’s front-line health workers have long since been vaccinated under “Stage 1” of the national plan, the “next-in-line” health workers in the now-underway “Stage 2” include “all the human health workers in the EPS [health-provider networks], control bodies and different organizations that assist, accompany and validate the entire process of care and management of Covid,” Bermont said.

As for the “Stage 3” vaccinations starting this month, people with certain comorbidities (see below) will be included along with people between 50 and 59 years old. “Before now, this group was in Stage Five and now will go to Stage Three as a priority by age, taking into account that age continues to be the highest risk factor,” according to Bermont.

“Stage 4” now includes people aged 40 to 49 and all public-relief groups. Meanwhile, “Stage 5” will including people aged 16 to 39 years without comorbidities.

Here are all the updated categories, according to the Health Ministry:

Stage 2: Population between 60 and 79 years of age.
“Includes all health professionals in compulsory social service; resident physicians and their teachers within the framework of the teaching-service agreements and internal physicians of all health service providers of any level of complexity who carry out their activities in any of the services provided by health service providers and who do not are classified in stage 1.

“Also includes human talent in health and support that attends patients in health service providers, traditional doctors, ancestral physicians, private health agents and health students in clinical practice.

“Also includes human talent that supports the response to the pandemic, the National Vaccination Plan, the Expanded Plan for Immunization and Inspection, Surveillance and Control, plus human talent in health that cares for patients or visits providers in spaces other than the IPS, as well as human talent that works in blood, organ and tissue banks.”

Stage 3: “Population between 50 and 59 years old, as well as population between 16 and 59 years old, presenting at least one of the following conditions: Hypertensive diseases; acute ischemic heart disease; heart failure; cardiac arrhythmias; cerebrovascular disease; diabetes; renal insufficiency; HIV; cancer; tuberculosis; chronic obstructive pulmonary disease; asthma; Obesity Grade 1, 2 and 3 (Body Mass Index> 30); those on the waiting list for transplantation of vital organs; post transplant of vital organs; neurological disorders; Down's Syndrome; primary immunodeficiency; schizophrenia, schizotypal disorder, and delusional disorders; autism; bipolar disorder; intellectual disability and other mental disorders due to brain injury or dysfunction or somatic disease; cystic fibrosis.

“Also includes educational agents, community mothers and fathers linked to early childhood services, identified by [child-welfare agency] ICBF; teachers, educational directors, logistical and administrative support personnel of initial education, preschool, basic primary, basic secondary, secondary education and higher education establishments; caregivers of populations of special protection; public force; indigenous guard and maroon guard; human talent from funeral homes, crematoriums and cemeteries that handle corpses; Search Unit Personnel; Colombian Migration Personnel; highest national, municipal, district and departmental Police and Health authorites; personnel of the Office of the Attorney General of the Nation.

Stage 4: “People in prisons; personnel who, due to their functions, are in direct contact with prisoners; first responders in risk management; street dwellers; human talent that works in social services for the attention of the homeless population; active international flight attendants and pilots and crew of international cargo ships; high risk aeronautical personnel; human talent of the Family Protective Service Stations in charge of the care and protection of victims of domestic violence; UNGRD emergency and disaster field care human talent staff; and people aged 40 to 49 years.

Stage 5: “People aged 16 years and over not found in the populations indicated in stages 1, 2, 3 and 4. Priority in this group includes adults between 30 and 39 years of age, then young people and adolescents.”


Antioquia Acting Governor Luis Fernando Suárez announced  May 9 that starting Monday, May 10 through Monday, May 17, a 10-pm to 5-am daily curfew and booze-sales ban will replace the stricter Covid-19 curfew/quarantine standards of the past three weeks.

“Pico y cedula” shopping restrictions will switch to odd/even-numbered days tied to cedulas ending in odd or even numbers. Hence people with cedulas ending in odd numbers can start shopping on Tuesday, May 11, while even-number-ending cedulas qualify for shopping on Wednesday, May 12. Restaurants and hotels are exempt from pico-y cedula.

Because of a delay in getting final approval from Colombia’s Interior Minister for the new shopping and travel restrictions, the prior regulation enabling shopping for cedulas ending in 2 and 3 continues for Monday, May 10.

A significant decrease in new Covid cases, a lower positivity rate in Covid-19-infection tests, a decline in existing Covid cases and a decrease in waiting times for intensive care unit (ICU) beds collectively explain the easing of restrictions for the coming week, he added.

“The indicators show fewer cases and less positivity in tests, but it is not the [hoped-for] expected decrease,” Suárez cautioned during a televised press conference today.

“This rate of recovery is not enough to relieve pressure on the health system. We understand the exhaustion of commerce, of people, but we cannot lower our guard,” hence face-mask mandates, social distancing and strict workplace/public-space health-protocol regulations will continue, he said.

Thankfully, Antioquia also just cleared the Medellin-Bogota highway this morning (May 9) of groups of “protestors” supposedly protesting a recent tax-reform proposal. As a result, crucial oxygen supplies for hospitals, medicines for Covid-19 patients, food and fuel supplies can once again reach all of the Medellin metro area.

Fortunately, Antioquia has largely escaped the violence of other parts of Colombia during the last two weeks of public protests -- supposedly sparked by a tentative tax-reform proposal, but in reality sparked by unemployed people, certain left-wing labor unions, some left-wing students and just too many people fed-up with 15-months of economic and social suffering along with suffocating mobility restrictions, all caused by the Covid-19 pandemic rather than by the Colombian government.

These mainly peaceful protests also have been infiltrated by violent narco-communist terrorist actors including ELN and re-FARC -- along with agents from the narco-communist dictatorship of neighboring Venezuela, which sent agent-provocateurs dressed in fake Colombian police uniforms to cause havoc, as has been publicly documented by official video cameras of captured terrorist agents.

Scores of private buildings, stores, police stations, bus stations, public transit buses, ambulances and police vehicles have been torched by these terrorists -- and in addition some terrorists tried to burn alive policemen trapped inside one police station, as has been officially documented.

More than 600 police so far have been injured by violent protestors who have been shooting bullets, rocks, bombs and Molotov cocktails, while more than a dozen other people – allegedly including some “innocent protestors” – have died in obscure circumstances during the protests, according to Colombia’s Attorney General.


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About Medellin Herald

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the "contact" section.

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