The Mineral Industry of Colombia in 2007
2007 Minerals Yearbook COLOMBIA U.S. Department of the Interior May 2010 U.S. Geological Survey THE MINERAL INDUS T RY OF COLO M BIA By Susan Wacaster In 2007, Colombia continued with a wide range of about 1.5% of the total gross domestic product (GDP). In 2007, national plans to increase industrial production and promote production of crude petroleum, natural gas, and some quantity development of competitive products in international markets; of thorium and uranium was valued at about $5.6 billion and the Government projected that the country’s mining sector accounted for 3.3% of the national GDP, whereas coke oven would be one of the most important industries in Latin America products, combustibles, and refinery products were valued at by 2019 in terms of value, production, and trade. Colombia about $3.6 billion, or 2.1% of the GDP. Production of coal, is situated within the South American Andean metallogenic lignite, and peat was valued at $2 billion, or 1.1% of the GDP; belt where tectonic motion of lithospheric plates in the Earth’s production of metallic minerals was valued at $2.1 billion crust caused structural deformation and magmatism with or 1.2%; and nonmetallic mineral production was valued at associated mineralization. Regional faulting patterns formed $1.3 billion, or 0.8%. In 2007, the value of foreign direct structural blocks with which significant economic resources are investment (FDI) in the petroleum sector was about $3.5 billion. associated. In Colombia, continental rifting created basins where Total FDI in the mining sector, including coal, was valued at sediments rich in organic material became the source of the $1.1 million compared with $1.8 million, or 27% of the GDP, country’s petroleum reserves.
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