They will create a gold trading company with assets managed by the SAE

They will create a gold trading company with assets managed by the SAE

This Monday, December 12, the Ministry of Mines and Energy, the Special Assets Society (SAE) and the National Mining Agency (ANM) signed a memorandum of understanding through which They seek to create a state company that brings together a series of companies in the sector that are currently under the administration of the SAE.

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Among the companies that would make up this new company are two international gold trading companies, as well as others dedicated to explorationexploitation and refining of minerals, such as limestone, explained Daniel Rojas, president of the SAE.

To form this company, the government will carry out a course through the National Development Plan, which, according to the Minister of Mines and Energy, Irene Vélez, explained It will be the legislative framework in which the creation of this company will be covered.

In order to buy the gold, Álvaro Pardo, president of the ANM, reported that they had held preliminary talks with the Banco de la República, which would allow buying the mineral at the international price minus between 5% and 10%.

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Additionally, Vélez pointed out that as a requirement for this gold to be acquired, it must be certify the zero use of mercury and cyanide.

Rojas stressed that although the purchasing power of this new company is still unknown, the truth is that the combined assets of these would be close to $47,000 million.


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