Infrastructure

Renewable-Electricity Developer Invenergy Inks Solar, Wind-Power Alliance with EPM

Medellin Herald November 27, 2019

Medellin-based multinational electric power producer EPM announced November 27 an alliance with U.S.-based, global renewable-power developer Invenergy for at least 400 megawatts of solar- and wind-power generation capacity in Colombia. The alliance will “invest, develop, build, operate and

Companies

Accenture Debuts Tech-Demonstration ‘Nano Lab’ at Medellin’s ‘Ruta N’

Medellin Herald November 27, 2019

Ireland-based global high-technology consultant Accenture reveals on November 29, 2019, the debut of Colombia’s first tech-demonstration “Nano Lab” — at Medellin’s “Ruta N” technology incubation center. “This space will immerse local customers in the latest emerging technologies, including artificial intelligence, extended reality, quantum computing, robotics,

Companies

EPM’s 2020 Capex, Opex Budget Tops US$4.9 Billion

Medellin Herald November 26, 2019

Medellin-based multinational utilities giant EPM announced November 25 that its 2020 capital and operating budget will hit COP$17 trillion (US$4.9 billion). “The budget authorized by the EPM board of directors responds to a rigorous planning exercise and includes resources for the attention of the Hidroituango hydroelectric project, which in 2019 has reached important

General News

Medellin Outshines Colombia With Peaceful Protest & Civility, in Contrast to Vandalism in Bogota, Cali

Medellin Herald November 22, 2019

In contrast to rock-throwing against police and vandalism to buildings and infrastructure in Bogota and Cali — following otherwise peaceful, well-organized November 21 nationwide protest marches — Medellin once again demonstrated to all Colombia that peaceful protest in a democracy effectively advances civil reform. Immediately taking note of that was Colombia

General News

Antioquia Mining Applications Declining in Number, but Environmental/Social Quality Rising: CGS 2019 Highlights

Medellin Herald November 19, 2019

In a November 12 keynote presentation to the fourth annual Colombia Gold Symposium (CGS) here in Medellin, CGS founder Paul Harris pointed to a recent study showing a drastic decline in mining concession contract applications in Antioquia – the heartland of Colombia gold mining. According to the study by Colombia-based consultant Portex, the number of […]

General News

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

Medellin Herald November 18, 2019

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

Infrastructure

Update: Medellin-Bogota Highway Partially Reopened at Kilometer 73

Medellin Herald November 18, 2019

Colombia’s national highway institute Invias announced November 25 the partial reopening of the Medellin-Bogota highway at kilometer 73 (San Luis, Antioquia) following a November 13 landslide that blocked all traffic. According to Invias, more than 84,000 cubic meters of rocks and dirt have been removed so far, but the job isn’t quite finished. As a […]

Companies

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

Medellin Herald November 18, 2019

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

EPM 3Q 2019 Net Income Falls Year-on-Year, but Nine-Months 2019 Improves

Medellin Herald November 16, 2019

Medellin-based multinational utilities giant EPM announced November 15 that its third quarter (3Q) 2019 consolidated net income fell 25% year-on-year, to COP$457 billion (US$134 million), down from COP$607 billion (US$177 million) in 3Q 2018. The 3Q decline came despite a 9% year-on-year hike in gross revenues and a 13% boost in earnings before interest, taxes, […]

Companies

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

Medellin Herald November 15, 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