Infra funds set sights on Colombia’s $13 bn 5G program

Infrastructure funds are interested in Colombia’s $13bn fifth generation (5G) program, citing regulation advances, an attractive project pipeline and the government’s success in speeding up works in the 4G concessions program. The first wave of the 5G program involves 12 projects requiring US$5bn, while a second wave involves 11 concessions and US$8bn, transport minister Ángela Orozco said. The effort of the government to strengthen concession contracts was praised by BlackRock’s managing director for Colombia and Central America, Luis Núñez, who added that “the 4G and 5G contract model, from an ESG [environmental, social and governance perspective] can be exported to any place in the world.”

Fenix Oro starts drilling Abriaqui bear Buritica in Colombia

Fenix Oro has started drilling at its Abriaqui gold project in Antioquia, Colombia, which is about 15km west of Zijin Mining’s high-grade Buritica mine development. The first hole of a US$2.9 million, 6,000m drilling programme is underway. It will feature angled holes across interpreted families of veins. The first phase will see 4,500m drilled in 10 holes with the remainder to be programmed depending upon results. Fenix also aims to drill one hole into a magnetic anomaly to test for porphyry-style mineraliation.

Colombia rose to 35th place in the WEC energy sustainability ranking, 5th in Latin America

The World Energy Council (WEC) updated its Energy Trilemma, in which it assesses 130 countries against their energy security, energy equity and environmental sustainability of energy systems. Colombia climbed 12 places in the ranking, reaching 35 with an average score of 72.3 out of 100; in sustainability it was ranked ninth; in safety at 33 and in equity at 73. Daniel Díaz, technical secretary of WEC in Colombia assured that the country's performance has improved due to the incorporation of 2,200 MW of renewable energy into the national electricity matrix.