Wednesday, 3 August 2011

Colombia extends concession moratorium

Colombia's Mining and Energy Ministry has extended a moratorium on the receipt of mining concession contract proposals and legalization of traditional miners until february 2012 to give state geological survey Ingeominas additional time to clear a backlog of requests.

The moratorium was initially enacted for a six-month period on 1 February 2011 to clear a backlog of 19,629 concession requests.

The extension means new contract proposals or concession contract transfers cannot be submitted until 2012.

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