Source: National Mining Agency - NMA, data at 12/02/2018. ECONOMIC DATA Source: Minerals. USGS Estimated data at 2017, NMA, Ministry of Mining and Energy of Argentina, COCHILCO - GFMS Gold Survey 2016 and 2017, Metals Focus 2017/2018.*Estimated position. Source: Planning Unit Energy Mining - UPME 2011 , Ernst & Young Survey 2012 Source: NMA, Ministry of Mines and Energy - MME, National Administrative Department of Statistics - DANE, Exchange Rate 2015: $2,743.39; 2016: $3,050.98; 2017: $2,951,32. GENERAL FACTS 2017 WORLD RANKINGS Gold in Colombia is associated with different types of geological environments, with a distribution of mining manifestations throughout almost all the territory. However, due to the country's geotectonic conditions, the most important existing deposits correspond to those of porphyry and epithermal type, intrusion-related gold deposits, orogenic gold, massive volcanogenic sulphides and alluvial gold. Gold deposits are clustered in districts associated with metallogenic belts in the provinces of Antioquia, Santander, Tolima, Huila, Caldas, Nariño, Cauca and Bolivar, deposits along the Pacific coast formed by the erosion of the western branches of the Andes mountain chain and other deposits in Vaupes and Guainia. 2015 --------- 59.35 tonnes 2016 --------- 61.80 tonnes 2017 --------- 41.06 tonnes 2015 --------- 63.29 Million USD 2016 --------- 76.35 Million USD 2017 --------- 49.45 Million USD 2015 36.53 t 1,090 Million USD 2016 46.82 t 1,550 Million USD 2017 56.96 t 1,780 Million USD The mining sector's Government Take in Colombia was estimated at 22.41% in the UPME 2011 report; On the other hand, according to a 2012 E&Y survey the GT is 67.7% for open pit gold mining and 76.9% for underground mining (48% and 50%, respectively, with prices of $ 1,300 USD/oz). 1,772 Titles 2,124,094 ha (1.86% of national territory) 128 Exploration Titles (206,802 ha) 1,344 Exploitation Titles (1,427,098 ha) 300 Construction & Assembly Titles (490,195 ha) Tonnes Tonnes 1. China 440 1. Peru 155 1. Barrick Gold 172 2. Australia 300 2. Mexico 110 2. Newmont Mining 152 3. Russia 255 3. Brazil 85 3. AngloGold Ashanti 113 4. United States 245 4. Argentina 65 4. Goldcorp 89 5. Canada 180 5. Colombia 41 5. Kinross Gold 84 6. Peru 155 6. Chile 36 6. Newcrest Mining 77 18. Colombia 41 Tonnes WORLD PRODUCTION LATAM PRODUCTION 2016 WORLD'S LARGEST COMPANIES Potential Area 3,705 Mining concession proposals (6,006,710 ha) In 2017, Colombian gold exports increased 21.7% Mining concession proposals (5.26 % of national territory)
Transcript
Source: National Mining Agency - NMA, data at 12/02/2018.
ECONOMIC DATA
Source: Minerals. USGS Estimated data at 2017, NMA, Ministry of Mining and Energy of Argentina, COCHILCO - GFMS Gold Survey 2016 and 2017, Metals Focus 2017/2018.*Estimated position.
Source: Planning Unit Energy Mining - UPME 2011 , Ernst & Young Survey 2012
Source: NMA, Ministry of Mines and Energy - MME, National Administrative Department of Statistics - DANE, Exchange Rate 2015: $2,743.39; 2016: $3,050.98; 2017: $2,951,32.
GENERAL FACTS
2017 WORLD RANKINGS
Gold in Colombia is associated with different types ofgeological environments, with a distribution of miningmanifestations throughout almost all the territory.However, due to the country's geotectonicconditions, the most important existing depositscorrespond to those of porphyry and epithermal type,intrusion-related gold deposits, orogenic gold,massive volcanogenic sulphides and alluvial gold.Gold deposits are clustered in districts associated
with metallogenic belts in the provinces of Antioquia,Santander, Tolima, Huila, Caldas, Nariño, Cauca andBolivar, deposits along the Pacific coast formed by theerosion of the western branches of the Andesmountain chain and other deposits in Vaupes andGuainia.
2015---------59.35
tonnes
2016---------61.80
tonnes
2017---------41.06
tonnes
2015---------63.29
MillionUSD
2016---------76.35
Million USD
2017---------49.45
Million USD
201536.53 t1,090
MillionUSD
201646.82 t1,550
Million USD
201756.96 t1,780
MillionUSD
The mining sector's Government Take in Colombia was estimated at 22.41% in the UPME 2011 report; On the other hand, according to a 2012 E&Y survey the GT is 67.7% for open pit gold mining and 76.9% for
underground mining (48% and 50%, respectively, with prices of $ 1,300 USD/oz).
1,772 Titles2,124,094 ha
(1.86% of national territory)
128 Exploration Titles(206,802 ha)
1,344 Exploitation Titles(1,427,098 ha)
300 Construction
& Assembly Titles (490,195 ha)
Tonnes Tonnes
1. China 440 1. Peru 155 1. Barrick Gold 172
2. Australia 300 2. Mexico 110 2. Newmont Mining 152
3. Russia 255 3. Brazil 85 3. AngloGold Ashanti 113
4. United States 245 4. Argentina 65 4. Goldcorp 89
5. Canada 180 5. Colombia 41 5. Kinross Gold 84
6. Peru 155 6. Chile 36 6. Newcrest Mining 77
18. Colombia 41
Tonnes
WORLD PRODUCTION LATAM PRODUCTION 2016 WORLD'S LARGEST COMPANIES
Potential Area
3,705 Mining concession proposals
(6,006,710 ha)
In 2017, Colombian gold exports increased 21.7%
Mining concession proposals (5.26 % of national territory)
Metallic minerals accounted for 15.36% (US $736 million) of mining GDP, 0.31% of total GDP and 6.90% of
total mining royalties collected in 2017
Projects with approved environmental license:2017: Rionegro , Condoto Choco; 2016: Buritica and
Cisneros; 2015: Gramalote and Santa Rosa.
1000
1100
1200
1300
1400
1500
1600
1700
1800
2012 2013 2014 2015 2016 2017
Gold prices in the last 6 years USD/Oz Troy
1,257.56
1,669.52
1,411.46
1,265.58
1,160.66
1,248.99
Gold Prices in the last 6 months USD/Oz Troy
Colombian gold exports are transported mainly by air. The most important export destinations in 2017 were the United States 58.44%, Switzerland 14.90%, India 1.33%, Belgium 0.55%, United Arab Emirates
0.39%, Panama 0.33%, Turkey 0.19%, Other 0.27% and five Permanent Free Trade Zones in Colombia 22.20%
Gold exports represent 5% of total Colombian exports and 18% of mining exports.
Production by type of mining exploitation 2017: • Mining Title 19.93 t (47.86%)• Barequeros 19.34 t (46.44%)• Applications for legalization 0.88 t (2.12%)• Formalization subcontracts 0.64 t (1.54%)• Special reservation area 0.59 t (1.41%)• Scrap 0.26 t (0.64%)
Colombian gold production represents approximately 1.3% of world production
