【出版时间及名称】：2010年4月哥伦比亚采掘行业研究报告
        【作者】：union-securities
        【文件格式】：pdf
        【页数】：33
        【目录或简介】：
COLOMBIA – RENEWING THE SEARCH FOR ELDORADO
• This report profiles six companies which are actively engaged in exploration and development work in
Colombia: Antioquia Gold Inc., Colombian Mines Corp., Galway Resources Ltd., Medoro Resources
Ltd., Seafield Resources Ltd. and Sunward Resources Ltd.
• The election of Alvaro Uribe as president in 2002 marked a turning point for Colombia. Since the 1970’s
Colombia had been plagued by violence due to the adverse activities of left wing guerilla groups such as
FARC and ELN, drug cartels, and right wing paramilitary forces, which all helped to hinder the
economic and social advancement of the country. The introduction of Uribe’s Democratic Security
policy has resulted in a dramatic reduction in murders, kidnappings, a significant reduction in FARC’s
strength, and the demobilization of right wing paramilitary organizations. Furthermore, Uribe’s
economic policies have helped Colombia regain its economic footing; since 2002, GDP has grown at an
annualized rate of 6.6% and exports and foreign investment have increased by 200% and 400%,
respectively.
• Historically, Colombia had been one of the largest producers of gold globally, however, with the onset of
security issues, production stagnated, and exploration activities effectively ceased. Increased security
and stronger commodity prices since the beginning of the century have resulted in attracting several
foreign mining companies to set up operations in Colombia, taking advantage of the underexplored
nature of the country, attractive mining laws, and the government’s pro-business outlook.
Consequently, mining is growing in importance to the overall economy of Colombia - in 2009 an
estimated 25% of exports and 43% of foreign direct investment were mining related.

TABLE OF CONTENTS
COLOMBIA - AN OVERVIEW ......................................................................................... 3
MINING IN COLOMBIA .................................................................................................. 6
Antioquia Gold Inc. ................................................................................................. 11
Colombian Mines Corporation ............................................................................... 12
Yarumalito Project .................................................................................................................. 13
El Dovio Project ....................................................................................................................... 15
Rio Negro Project .................................................................................................................... 15
Galway Resources Limited ......................................................................................... 16
California Property ................................................................................................................. 16
Vetas Project ........................................................................................................................... 18
Surata Project .......................................................................................................................... 19
Medoro Resources Limited ...................................................................................... 20
Marmato Project .................................................................................................................... 21
Acquisition of Frontino Gold Mines Ltd. ............................................................................... 23
Seafield Resources Limited ..................................................................................... 24
The Quinchia Project .............................................................................................................. 24
Sunward Resources Limited ............................................................................... 27
Titiribi Project ............................................................................................................................ 27
Murindo Project ...................................................................................................................... 29
APPENDIX A: COLOMBIA FACTS AND STATS .............................................................. 31
Important Disclosures.................................................................................................. 32