The decree, published at the beginning of this year, allows Colombia's environment ministry to declare areas as natural resource reserve zones for a five-year period.
The company has proposed to the Department of Environment and Natural Resources a five-year spending plan that includes capital expenditures, production costs, and operating expense.
World’s 50 biggest miners now worth $1.5 trillion, up $76 billion during Q3 as gold miners climb the rankings and Chinese mining stocks get a late boost.
The facility in Hami city is just the latest in a series of coal-to-oil developments greenlit in recent years in the mining hubs of Xinjiang, Shaanxi, Ningxia and Inner Mongolia.