Colombia to create national mining company, 2022 royalties soar

Colombia is preparing to launch a national mining company, the president of the government's National Mining Association (ANM) said on Wednesday, adding that coal mining royalties during the year had more than doubled.

The government of President Gustavo Petro has pledged to reform the mining sector, ruling out more licenses for large-scale open-pit coal mines as it focuses on minerals that are important for the energy transition, such as copper.