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US Companies Eye Copper Resources in Colombia

Colombia is working on decreasing its dependence on coal and oil by developing copper deposits in advance of a predicted increase in the demand for metals that are used in rechargeable batteries. The country’s authorities plan to grant five copper exploration blocks before the end of June in the La Guajira and Cordoba provinces, where the majority of the country’s coal is mined.

Diego Mesa, the country’s mines and energy minister, stated that in addition to companies that are already operating locally in the country, Canadian and United States juniors are interested in copper extraction in the country. Offered incentives include…

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