How Colombia's PIB, Foreign Investment, and Royalties Fell Due to Restrictions on Thermal Coal
Portafolio Journalist 04/10/2026 11:01 Updated: 04/10/2026 11:14
TL;DR
- Colombia's mining GDP decreased by 9.52% between 2023 and 2024.
- Foreign direct investment in the sector dropped by 60.80%.
- Mineral exports fell by 48.82%.
- Royalties saw a 63.16% reduction.
- Thermal coal extraction contributed 72.12% of fiscal revenue from mining between 2010 and 2024.
- Colombia's investment attractiveness score decreased from 72.29 in 2020 to 44.3 in 2024.
- There is a need to develop other minerals like copper, nickel, gold, and emeralds as part of an energy transition strategy.
- Most potential new mineral projects are in early stages and lack structured exploration processes.