Deal #811

Land area

Size under contract (leased or purchased area)

[2017, current] 9275 ha

Comment on land area

The size of the contract is for exploration, not for extraction. Although the size of this plot relates to contract EIG-163, which was the main allocation in hands of Anglo Gold Ashanti, the company is the one with the highest number of exploration contract in the region. It has several others in Cajamarca and other municipalities close to this area. Source: Agencia Nacional de Minería

Intention of investment

[current] Mining

Comment on intention of investment

Gold

Nature of the deal

Lease

Comment on nature of the deal

Up until now, the area was leased during 30 years for exploration. Source: Agencia Nacional de Minería

Negotiation status

[2006, current] Concluded (Contract signed)

Comment on negotiation status

Contract EIG 163: in 2018 the contract is under suspension due to a plebiscite held in the municipality of Cajamarca, in which the population rejected any mining activities on their territories. The company reduced its investments to the minimal operational point and expects the incident to be solved by 2020. Source: http://www.anglogoldashanticolombia.com/esperamos-la-colosa-tenga-licencia-ambiental-en-2020/

Implementation status

[2018, current] Startup phase (no production)

Comment on implementation status

But it has been suspended since March 2013.

Leasing fees

Comment on leasing fee

The company is expected to return 4% of what it extracts as royalties to the central government. Those royalties are deducted from the taxes to be paid. Source: https://conflictos-ambientales.net/oca_bd/media_references/view/1505