New gold deposit discovered in Tolima

http://au.biz.yahoo.com/071221/30/1jhyt.html

Colombia discovers major gold deposit

Saturday December 22, 2007, 7:25 am

Colombia has discovered a major gold deposit that could double the country's output after 2011, the government says.

The find will require an investment of more than $US2 billion ($A2.34 billion) to exploit.

The Mining and Energy Ministry said details of the find in the central province of Tolima would be announced in February.

Gold production in the Andean country was 15.6 million grams last year, according to ministry figures.

President Alvaro Uribe mentioned the find in a speech on Thursday.

By pedro on Dec 21, 2007, 17:23 in Friendly Talkzone.

pedro says on Dec 21, 2007, 17:26:

Colombia's current gold output is 500,000 troy ozs per year.

If this new mine doubles output, it would produce at least 500k ozs per year. A decent sized project, to put it mildly.

que nota!

docwilliam says on Dec 22, 2007, 14:03:

Boy, if that does not boost the economy, what will?

I sure hope that this works out, could produce a few well needed jobs.

Pedro, I am going to send this info to a friend (Senora) in Tolima. She does Occupational Health work.

"There's no time to panic"