During the Latin American Mining Meeting, the Minister of Mines and Energy, Diego Mesa, informed that the government expects 30 new gold and copper production projects, attracting about $ 5 billion in the next years.
Yesterday, the Colombian Peso (COP) lost COP 23.29 against US Dollar (USD), reaching an average trading price of $ 3,646.53 per 1 USD. The highest price this year. According to analysts, the fluctuation is related to possible shifts in the US Federal Reserve monetary policy.
The Central Bank reported that its balance of payments in 2020 had an account deficit of $ 9.083 billion (3.3% to GDP). Nonetheless, it was 1.1 per cent points lower than in 2019, when it was $ 5,201 billion.
In January 2021, national oil production slightly contracted by 1.9% to 745,247 barrels per day, compared to December 2020 (760,016). In terms of annual change, it decreased by 15.5% as opposed to January 2020. For gas production, in the first month of 2021, output also declined by 1.5% compared to December 2020 and 2.3 to January 2020.
The country's international gold reserves decreased by 61% in 2020, from $599 million (COP2.2 billion) in 2019 to $235 million (COP 865,766 million) in 2020, reported the Central Bank of Colombia.