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

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

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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