How Colombia's PIB, Foreign Investment, and Royalties Fell Due to Restrictions on Thermal Coal

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.

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