With the situation generated as a result of the Covid-19 and the consequences that this has brought to the Colombian economy, the National Government is then in the need to look for actors that contribute to strengthening local capacities and thus reactivate the country's economy. . The mining sector plays an essential role in the country's economic reactivation process, thanks to coal and gold projects in the departments of Antioquia and Santander.
Foreign investment in these departments will reach US $ 5 trillion, thanks to projects such as Soto Norte de Minesa, Quebradona and Gramalote by Anglo Gold Ashanti and Marmato of Gran Colombia Gold. Additionally, the implementation of these projects would generate a minimum of 28,000 direct jobs in the regions. This without mentioning the million indirect jobs created thanks to the Productive Chaining Programs of the companies.
According to figures provided by DANE, the contributions of royalties from the mining sector have historically contributed to overcoming poverty in mining municipalities, showing improvements in the NBI (Unsatisfied Basic Needs) rates, which was at 61% in 1993, contrasting with 33% in 2018.
During the first quarter of 2019, the miners contributed $ 518 billion pesos in royalties, resources that have been key to the fight against Covid-19. In this same period, key minerals such as ferronickel and gold increased their contribution to the General Royalty System by 38% and 40%, respectively. These minerals, with a presence in the departments of Crdoba, Antioquia and Santander, currently stand out in the international market, due to their importance for the energy transition.
The rise in the international price of gold, since it is considered a safe haven, represents a great opportunity for the country in mining due to the gold potential of Colombia, since it is possible to find large reserves of this metal in various departments of the country.
Without a doubt, the Colombian mining industry plays a very important role within the national economy, since this activity constitutes 15% of foreign direct investment, 27% of the nation's exports and close to 2% of GDP. Given this encouraging scenario, mining becomes a leading sector for economic recovery, with new projects that contribute to the development of Colombians under legality and sustainability.
https://hablemosdemineria.com/2020/07/la-industria-minera-clave-la-reactivacion-economica-del-pais/