April 21, 2026
Home Articles posted by Medellin Herald (Page 85)
General News

Update: AngloGold Ashanti Unveils More Details on ‘Biodynamic’ Mining Scheme at Jerico, Antioquia

South Africa-based global mining giant AngloGold Ashanti on November 28 unveiled more details of its proposed “Quebradona” copper-gold mining project at Jerico, Antioquia — including a novel “Biodynamic” nature park that would restore and improve the entire area, as part of its just-filed environmental impact assessment (EIA). AngloGold first
Companies

Gran Colombia Gold 3Q 2019 Profits Dip; Continental Gold Eyes 2020 Start-Up, Touts Social, Environmental Projects

Toronto, Canada-based Gran Colombia Gold (GCG) on November 14 reported US$9 million net income for third quarter (3Q) 2019, down from US$14 million in 3Q 2018 “primarily as a result of a non-operating loss on financial instruments in the third quarter this year.” As for nine-months (January through September) 2019, net income rebounded to US$17.7 […]
Companies

Orbis Posts Year-on-Year Profits Recovery in 3Q 2019

Medellin-based multinational Grupo Orbis – producer of “Pintuco” paints, “Otek” water-handling systems and numerous chemical products – on November 14 posted a COP$10 billion (US$2.9 million) net profit, a big reversal from the COP$8 billion (US$2.3 million) net loss in 3Q 2018. Gross revenues rose 6.3% year-on-year, to COP$1.08 trillion (US$315 million), while earnings
Companies

Sura 3Q 2019 Net Income Jumps 35% Year-on-Year

Medellin-based multinational insurance and investment specialist Grupo Sura on November 14 posted a 35% year-on-year jump in third quarter (3Q) 2019 net income, to COP$1.5 trillion (US$438 million). The biggest contributor to net income (COP$682 billion/US$199 million) in the latest quarter came from the Sura Asset Management (AM) division, which manages a growing basket
Infrastructure

Medellin’s ‘Plaza Mayor’ Convention Center Unveils US$9.4 Million Expansion Scheme, Including New Hotel

Medellin’s “Plaza Mayor” on November 14 unveiled a COP$32 billion (US$9.4 million) expansion plan that over the next 10 years would modernize a host of convention facilities and add a new hotel. The “2019-2029 Events with a Future” scheme includes 10 proposals both within and outside the convention center, along with “modernization of spaces and […]
Companies

Mineros SA 3Q 2019 Net Income Triples Year-on-Year

Medellin-based multinational gold mining giant Mineros SA on November 13 reported a 227% year-on-year boost in third quarter (3Q) 2019 net income, hitting COP$64.7 billion (US$18.7 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) likewise jumped 122%, to COP$127 billion (US$37 million), while EBITDA margin also rose to 35.8%, from 31% in 3Q