Canada’s Red Eagle Mining to open Colombia’s first gold mine in 20 years

Canada’s Red Eagle Mining will invest a total of $120 million to open an underground gold mine in northwestern Colombia, the first gold-mine project to be launched in the Andean nation in the last 20 years, a company executive told EFE Friday.

A total of $40 million was invested in the exploration phase, from 2010 to 2015, Red Eagle Mining’s Colombia manager, Rafael Silva, said, adding that an additional $80 million will be spent to build the mine.

Construction of the San Ramon mine, located in Santa Rosa de Osos, a municipality in Antioquia province, began on July 29 after the company obtained its environmental license from Corantioquia, the local environmental protection agency.

The company says it will be the first gold mine to operate in Colombia under modern environmental permitting legislation.

“We expect the mine will be finished before next year and begin producing some 1,000 tons of minerals per day and some 50,000 ounces of gold annually” starting in 2016, Silva said.

Red Eagle estimates that 120 direct jobs will be created during the construction phase and some 150 during the production phase.

San Ramon, whose reserves have been calculated to a depth of 200 meters (655 feet), is currently expected to yield 400,000 ounces of gold during the mine’s projected eight-year life span.

However, “we expect the reserves will increase over time and with geological knowledge once the tunnel is open,” Silva said.

San Ramon is currently the company’s only project in Colombia, but it is not ruling out the possibility of exploring other areas of the country with mineral potential.

“We think we’re going to be a model mine from an environmental, social and technical point of view, and that the country will change its current conception of mining and stop confusing illegal mining with modern and efficient mining,” Silva said.

Illegal mines, which operate in 233 Colombian municipalities, caused the deforestation of 16,784 hectares (65 sq. miles) of old-growth, or primary, forest and contaminated at least 19 rivers in 2014, according to the Environment and Sustainable Development Ministry.

Two weeks ago, the government unveiled a plan to combat this scourge.



Recent News

Vermeer WC2500TX Wood Chipper
The WC2500TX tracked wood chipper has a 600-horsepower Tier 4-F engine that enables it to handle whole trees. It comes with either a microchip drum, which produces chip sizes between 1/8 and 5/8 inch, or a macrochip drum, which produces chips between 5/8 and 1 1/4 inches. High-wear areas—such as the drum, discharge chute, cutter
Antofagasta:  punto de encuentro de la industria minera en Exponor 2017
Una vez más, como ha sido cada año por medio desde 1995, los distintos estamentos que componen la industria minera se reúnen en una de las citas más importantes del sector, la Exhibición de Tecnologías e Innovaciones Globales para la Minería, Exponor. Con sede en Antofagasta, durante una semana se convierte en el polo de
Más de 2 mil operadores de equipos pesados participan en tercer concurso organizado por Ferreycorp
ACTUALIDAD EMPRESARIAL. Más de 2 mil operadores de equipos pesados participan en tercer concurso organizado por Ferreycorp.
Link-Belt 750 X4 Excavator
    The 750 X4 excavator has an operating weight of 158,300 pounds, and is powered by a 512-horsepower Isuzu engine. Cycles times have been boosted by 7 percent, and arm digging force by 15 percent, compared to the predecessor. Digging depth is 32 feet 4 inches with 64,970 lb.-ft. of arm force. Bucket digging
La fuerte baja en El Precio del cobre en Chile y menores leyes mineras golpearon al sector.
La compleja situación por la que atravesó la minería en 2016 se dejó sentir en la recaudación fiscal. Es que la caída en el valor del cobre y la disminución de las leyes mineras impactaron fuerte en el royalty, cuya recaudación alcanzó su menor nivel en la historia del impuesto específico que se creó en

About Us

In Tractopart we supply quality construction Parts and Heavy Equipment Parts with excellent discount rate for New , Used Rebuilt & Surplus parts for excavators, Wheel loader dozers, and undercarriage for all heavy equipment brands, we are locate in Miami, Fl

Contact Info


At Tractopart we focus on providing high quality parts at a great price. Our parts are subjected to rigorous inspection procedures that allow us to ensure product quality.

Phone: 786.219.1010
Main Office: 3505 South Ocean Drive #204
Hollywood, FL 33019