ANNOUNCEMENT 09 Feb 2010

On 9 February 2010, Colombia introduced an amendment to the Colombian Mining Code.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Mining Code Amendments - Law No 1382 of 2010 (in Spanish) 9 February 2009
http://www.bdlaw.com/assets/htmldocuments/Colombia%20-%20Ley%20No.%201382%20de%202010%20Amendments%20to%20the%20Mining%20Law.PDF

New Mining Code Amendments Attempt To Strike Balance
SEPTEMBER 10, 2009
http://colombialawbiz.com/2009/09/10/new-mining-code-working-its-way-through-congress/

UNCTAD Investment Policy Brief, A Report by UNCTAD Secretariat, 20 April 2010.


Inception date: 09 Feb 2010 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

It is designed both to promote the industry and protect the environment. "The amendments require the Government to develop a mining management plan, designed to avoid conflicts. Extensions of mining concessions lasting twenty years will be permitted with a minimum two years but will not be automatic and must be shown to benefit the interests of the country." (See press article below). At the same time, it also increases the level of state control. The involvement of the government is, however, seen necessary to organise the mining sector in an environment-friendly way.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A