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Investors concerned over ruling on mining

Tuesday, April 25, 2017

Colombia's government will seek congressional approval to harmonize national and local mining laws, the mines and energy minister said on Monday, as legal wrangling over environmental regulations and community opposition threaten investment.

Voters in central Tolima province last month backed a proposal to ban mining projects in their municipality, raising questions about the future of an AngloGold Ashanti Ltd gold exploration in the area. Canadian company Eco Oro Minerals Corp, meanwhile, is waging a legal battle against a court ruling that bars exploration in half its concession.

Source: Reuters