INTIEAColombia · Resolution No 40391 by which the National Mining Policy is approvedPolicyIn force

Resolution No 40391 by which the National Mining Policy is approved

In 2016, the Colombian Vice Minister of Mines enacted Resolution No 40391 to approve the National Mining Policy. This roadmap seeks to implement strategies aiming to develop a more competitive and productive mining industry. The Colombian Government is pursuing fostering an…

Last changed 4 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: Colombia · Year: 2016 · Status: In force · Level: National · Type: Voluntary

In 2016, the Colombian Vice Minister of Mines enacted Resolution No 40391 to approve the National Mining Policy. This roadmap seeks to implement strategies aiming to develop a more competitive and productive mining industry. The Colombian Government is pursuing fostering an organised, legitimate, inclusive and competitive industry.

The following are the policy’s pillars:

Legal certainty : Have a clear and stable legal framework for the development of the sector.

Competitive conditions : Promote competitive conditions for the mining industry, which guarantee that minerals can be extracted. Receiving revenue from taxes and royalties and creating the employment needed by the country. Allowing the efficient development of the industry.

Legitimate trust : Generate a relationship of mutual trust between the government, industry and mining communities.

Infrastructure : Manage the expansion and modernisation of the existing transportation infrastructure.

Information : Expand knowledge about the Colombian territory from a geological-mining point of view, as well as the mining information systems that support the development of the activity.

Strengthened and efficient mining institutions : Improve the mining authority efficiency levels in aspects such as response times and process agility.

This policy is mandatory for the Colombian Ministry of Mine and Energy and the entities that have agreed to follow it.

Official source: http://www.nuevalegislacion.com/files/susc/cdj/conc/r_mme_40391_16.pdf

Source

https://www.iea.org/policies/16062

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-45056NewsIn force

The U.S. Army Just Called China’s Bluff in the Rare Earth War

Just recently, in a span of about six weeks, one impressive company was selected by the U.S. Army to build and operate rare earth processing facilities on an American military base…the first time the Army has ever done this. That same company closed $100 million in institutional financing, giving it a war chest of roughly $130 million. It was also formally added to the Russell 3000 Index. And it locked in MOU’s for feedstock agreements covering billions of tonnes of rare earth-bearing material from sources across Wyoming, Appalachia…

14 hours ago
INTEnergy Newsoilprice:oilprice-article-45052NewsIn force

Oil Prices Ignore the Warning Signs in Physical Markets

Oil price movements since the start of March this year have become the topic of dozens of discussions. Many have been puzzled by futures prices and why they haven’t gone through the roof given the severe disruption in Middle Eastern supply. It appears the reason is sheer optimism and a bet on market adaptability. However, there is a problem with that. Adaptability has limits. Many commentators like to compare the current oil price—and supply—situation to 2022, when Russia’s incursion into eastern Ukraine prompted an actual…

15 hours ago
INTEnergy Newsoilprice:oilprice-article-45054NewsIn force

The World’s Largest Sand Battery Is Now Online

Modern power grids require a constant, real-time balance between supply and consumption. Unfortunately, the integration of wind and solar energy makes power grids unstable due to the intermittent nature of renewable energy generation. To prevent localized grid blackouts or harmful voltage spikes, utilities are increasingly pairing renewables with battery storage and/or rapid-response natural gas plants to smooth out fluctuating supply. However, Finland has now come up with a rather eccentric method to store excess renewable energy and release it…

16 hours ago
INTEnergy Newsrigzone:https://www.rigzone.com/news/wire/australia_to_study_first_new_oil_refinery_since_60s-28-jul-2026-184235-article/?rss=trueNewsIn force

Australia to Study First New Oil Refinery Since 60s

Prime Minister Anthony Albanese Tuesday announced a study for a new refinery in Karratha in Western Australia, backed by A$4 million ($2.8 million) of government funds.

17 hours ago
INTEnergy Newsoilprice:oilprice-article-45055NewsIn force

Refined Fuels, Not Crude, Are Driving the Oil Market Crunch

Oil prices have just come off a fresh two-month high as the crude oil market has tumbled this week amid signals of de-escalation in the U.S.-Iran conflict. Despite the slump in crude prices and the extreme volatility in the past five months, the refined product market continues to tighten with refining margins at record highs because the supply of petroleum products is much tighter than crude supply. Refining margins held at record highs even as crude oil prices soared last week to $100 per barrel. That’s because global gasoline, diesel,…

17 hours ago