Codelco signs letter of intent to collaborate with ABB on decarbonization
Miner has signed a letter of intent with the Swedish-Swiss technology company to explore a collaboration focused on decarbonizing and automating its operations.
More favourable rules for mining investment and better security are leading to a mining and oil boom in Colombia, reports the Associated Press.
Colombia received $7.2 billion in direct foreign investment with 80 percent of the funds going to petroleum and mining. Neighboring Ecuador, on the otherhand, only received a total of $312 million in foreign investment in 2009.
