Investment and Business Friendly
The business climate in Colombia is stable and friendly to foreign investment. The country's population of 44 million has a well-educated and growing middle class. As the oldest and most stable democracy in South America, Colombia has never defaulted on a foreign loan or expropriated foreign assets.
Since President Alvaro Uribe's election in August 2002, the security situation in Colombia has improved significantly. President Uribe was re-elected for a second term on May 28th, 2006 by more than a 70% margin. With the recently completed run-off to the May 30th. 2010 election, as of August 2010, Colombia will be governed by newly elected President Juan Manuel Santos of former President Uribe's U Party. Under the continued guidance of the U Party, the general consensus is that a new era of stability and prosperity has dawned for Colombia.
Colombia has a modern and incentive structured Mining Act with an active international mining presence:
- Cerro Matoso-BHP Billiton's Nickel Laterite Mine
- El Cerrejon-BHP Billiton. Anglo American, and Xstrata's Coal JV
- La Colosa-Anglo Gold's gold porphyry deposit