$4.5 bn in Colombian Agri-Food Exports, 3% growth amid Pandemic

Colombia's agri-food exports grew by 3% year-on-year between January and July 2020, as the world battled an outbreak of the novel coronavirus. Exports for the period amounted to $4.5 billion. The United States was largest importer, purchasing Colombian agricultural products worth $1.7 billion (+1.2% year-on-year), followed by the Netherlands, with imports valued at $256 million.

Colombia’s renewables share drops to 82% in August, as national demand for electricity drops by 3.18%

The renewables share in Colombia decreased to 81.75% in August from 83.2% recorded the month before, Colombian grid operator XM said. Clean electricity generators, including large hydropower plants, produced an equivalent of 154.3 GWh per day on average, up by 0.59% month-on-month. Hydropower alone accounted for 98.29% of the total renewables production. The nation’s demand for electricity dropped by 3.18% on the year in August.

Australian mining company Los Cerros sells $100,000 remaining Chilean assets to focus on Colombia

The company divested Loica and Vallecillo through the sale of its fully-owned subsidiaries, North Hill Ovalle and Minera Hampton Chile, to a Chilean buyer for roughly $100,000, following the earlier sale of the Mollacas project in January for $1 MM. Los Cerros has been advancing its Quinchia gold project in Colombia, which includes the Miraflores, Chuscal, Dosquebradas and Tesorito deposits and targets.

Colombian imports fall by 19.8%, dragged by fuels and extractive industries

The National Administrative Department of Statistics (Dane) reported that Colombian imports fell by 19.8%, from $30,420 MM to $24,404 MM. Between January and July 2020, fuels and extractive industries decreased by 40.2%. The United States (-19.3%), Mexico (-26.7%) and France (-60.5% ) were the main contributors to lower imports in Colombia, with a joint contribution of negative 8.8 percentage points.