Canada and Mining Multinational Corporations in Colombia

 

As the fifth largest coal exporter in the world, Colombia depends on mining for employment. Small mining towns of northeastern Colombia historically have participated in small mining ventures that produce just enough income to subsist. But a huge change is in process. In less than 20 years, Canadian companies, like Petaquilla and Richard Fifer, will change the basis of mining culture in Colombia. Open pit operations will provide for thousands of job opportunities in the region. The living standards of the region will also be directly improved by the investment of these foreign mining companies to the territory.

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