Ahead of Elections, Colombia’s Santos Signals Tough Stance on Mining

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When he took office in 2010, Colombian President Juan Manuel Santos trumpeted mining as a “locomotive” that would drive the economy forward. Recently though, the Santos administration dealt a series of harsh blows to the country’s No. 2 coal exporter, Alabama-based Drummond Co., in response to a series of legal blunders committed in 2013. Coming down this hard on a company like Drummond is an unprecedented move for Colombia’s government, signaling that from here on out, multinationals that come to mine the country’s natural resources could face a new, hard-line stance when they don’t play by the rules. The Drummond […]

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