Latest news with #Antioquia
National Post
12 hours ago
- Business
- National Post
Mineros S.A. Contributed More Than US$12 Million to the Bajo Cauca Region of Antioquia Through Works for Taxes
Article content MEDELLÍN, Colombia — Mineros S.A. (TSX: MSA, MINEROS: CB) ('Mineros' or the 'Company') is pleased to announce that over the past seven years, Mineros has invested more than US$12 million (COP $50.000M) in social impact projects, benefiting more than 80,000 people in Bajo Cauca, Antioquia. This was accomplished through the Works for Taxes program, through which individuals and legal entity taxpayers may pay income and other taxes by investing in public works or projects of social importance that meet the legal requirements in Zones Most Affected by Armed Conflict (ZOMAC). Article content Projects completed and close to completion: Article content Beneficiaries: Improved connectivity between towns for close to 80,000 inhabitants of Zaragoza and El Bagre which strengthened the social and economic environment in these communities. Article content Implemented new technologies in urban and rural educational centers in El Bagre, Nechí and Zaragoza with the dual objectives of improving both teaching and learning processes, and promoting the educational development of children and young people in the Bajo Cauca region of Antioquia. Article content Beneficiaries: 151 educational centers, wherein 492 teachers were trained and 5,869 computers delivered. Article content Thanks to the Works for Taxes program, Mineros has consolidated its position as a pioneer in the use of this mechanism, working jointly with the Government of Antioquia and Proantioquia. In addition, this work has been carried out in coordination with local, departmental and national governments, as well as with the National Planning Department and the Land Renewal Agency. Article content David Londoño, President and Chief Executive Officer of Mineros said: 'At Mineros, we are convinced that our growth must go hand in hand with the well-being and economic and social progress of our host communities. Works for Taxes allow us, as a Company, to allocate a portion of our taxes to the direct construction of priority infrastructure and the implementation of social development projects. Our participation in Works for Taxes ensures that investment reaches communities efficiently and transparently. It is our way to accelerate closing social gaps and to build a future with more opportunities for all, especially for children and young people who are the future of our society.' Article content As part of its ongoing commitment to the comprehensive development of the regions where it operates, Mineros is currently advancing eight new projects with a total investment of over US$48.2 million (COP $200,000 million). Mineros itself has contributed nearly 45% of this amount, equivalent to US$22.06 million (COP $91,621 million), alongside contributions from partner companies such as Empresas Púplicas de Medellín, Grupo Nutresa S.A., and Grupo Argos S.A., among others. Article content These projects include the improvement of rural and urban roads, the construction of a pedestrian bridge over the Cauca River, and the development of an educational institution in El Bagre. They also involve the distribution of books and sports equipment to local communities. Article content In Nicaragua, Mineros' wholly owned subsidiary, HEMCO Mineros Nicaragua S.A., has received the necessary Forest Harvesting Permit to begin construction of its underground mine at the Porvenir Project. The project is located in the community of Vesubio, within the municipality of Bonanza, in the North Caribbean Coast Autonomous Region (RACCN) of Nicaragua—a region with a rich mining tradition. Article content * Figures are based on the closing COP/USD exchange rate of $4,149 as of May 31, 2025. Article content ABOUT MINEROS S.A. Article content Mineros is a Latin American gold mining company headquartered in Medellin, Colombia. The Company has a diversified asset base, with mines in Colombia and Nicaragua, and a pipeline of development and exploration projects. Article content The board of directors and management of Mineros have extensive experience in mining, corporate development, finance, and sustainability. Mineros has a long track record of maximizing shareholder value and delivering solid annual dividends. For 50 years Mineros has operated with a focus on safety and sustainability at all its operations. Article content Mineros' common shares are listed on the Toronto Stock Exchange under the symbol 'MSA', and on the Colombia Stock Exchange under the symbol 'MINEROS'. Article content Election of Directors – Electoral Quotient System Article content The Company has been granted an exemption from the individual voting and majority voting requirements applicable to listed issuers under Toronto Stock Exchange policies, on grounds that compliance with such requirements would constitute a breach of Colombian laws and regulations which require the directors to be elected on the basis of a slate of nominees proposed for election pursuant to an electoral quotient system. For further information, please see the Company's most recent annual information form, available on the Company's website at and from SEDAR+ at Article content This news release contains 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information includes statements that use forward-looking terminology such as 'may', 'could', 'would', 'will', 'should', 'intend', 'target', 'plan', 'expect', 'estimate', 'anticipate', 'believe', 'continue', 'potential', 'view' or the negative or grammatical variation thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, statements with respect to expected applications for and receipt of regulatory approvals, the expected sufficiency of such regulatory approvals to support construction activities at the Porvenir Project, the Company's plans and expectations with respect to the future development of the Porvenir Project and the timing therefor. Article content Forward-looking information is based upon estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this news release including, without limitation, assumptions about: favourable equity and debt capital markets; the ability to raise any necessary additional capital on reasonable terms to advance the production and development of the Porvenir Project; future prices of gold and other metal prices; the timing and results of exploration and drilling programs, and technical and economic studies; the development of the Porvenir Project; completion of its drilling programs; the accuracy of any Mineral Reserve and Mineral Resource estimates; the geology of the Porvenir Project being as described in the applicable technical report; operating conditions being favourable such that the Company is able to operate in a safe, efficient and effective manner; political and regulatory stability; the receipt of governmental, regulatory and third party approvals, licenses and permits on favourable terms; obtaining required renewals for existing approvals, licenses and permits on favourable terms; requirements under applicable laws; sustained labour stability; stability in financial and capital goods markets; inflation rates; availability of labour and equipment; and positive relations with local groups. While the Company considers these assumptions to be reasonable, the assumptions are inherently subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking information. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. Article content Article content Article content Article content Contacts Article content For further information, please contact:
Arab News
a day ago
- Politics
- Arab News
Who is Colombian Sen. Miguel Uribe Turbay who was shot during a campaign rally in Bogota?
Conservative Colombian Sen. Miguel Uribe Turbay was shot and seriously injured during a campaign rally in the capital, Bogota. The brazen attack captured on video shook a nation that decades ago regularly saw kidnappings and killings of politicians and high profile people. Uribe Turbay, 39, who has announced he intends to run for president next year, was in serious condition following surgery Sunday, a day after the shooting, and doctors said he was going through 'critical hours.' Here's what to know about the conservative politician: Presidential contender A member of the right-wing Democratic Center party, Uribe Turbay has become a prominent opposition voice against the government of President Gustavo Petro, the first leftist politician to become the leader of Colombia. Petro cannot seek reelection in 2026. Uribe Turbay, whose family had also suffered political violence, launched his presidential bid in March. In October last year, he had posted a video on social media announcing his intention to run, choosing the mountains of Copacabana in the department of Antioquia as a backdrop. The country will hold a presidential election on May 31, 2026. 'A place with deep meaning for me,' he said in the video. 'It was here that my mother was kidnapped by Pablo Escobar and was killed when I was about to turn five.' His mother, journalist Diana Turbay, was abducted by the Medellin Cartel and killed in 1991, one of Colombia's most violent periods. The attack on Uribe Turbay on Saturday shocked the nation and revived memories of an era when political violence affected Colombian public life. Prominent political family Uribe Turbay entered politics early, being elected to Bogota's City Council at age 25 in 2012. In 2016, he was appointed the city's secretary of government by then-Mayor Enrique Peñalosa. In 2022, he became senator after being invited to run by former President Álvaro Uribe Vélez, no relation. Uribe Turbay was born into a prominent political family. He is the grandson of former President Julio César Turbay Ayala, who served from 1978 to 1982, and the paternal grandson of Rodrigo Uribe Echavarría, a former director of the Liberal Party. He was not considered a front-runner in next year's race, according to recent polls, and was still facing competition within his political coalition. In his pre-campaign messaging, Uribe Turbay focused heavily on security, seeking to inspire investments and promote economic stability. 'Reserved prognosis' The senator is going through what authorities have described as 'critical hours' after undergoing surgery at a private clinic in Bogotá. 'He survived the procedure; these are critical moments and hours for his survival,' said Bogotá Mayor Carlos Galán early Sunday after receiving information from the medical staff at the Fundación Santa Fe clinic. 'His condition is extremely serious and the prognosis is reserved,' the clinic added hours later in a new medical report. Police arrested a 15-year-old boy for the shooting, whom they considered the perpetrator. Authorities have not disclosed a motive. Colombia's Ombudsman's Office condemned the attack, saying the country 'cannot allow a return to dark times when violence sought to silence ideas, candidacies or political leadership.'
Yahoo
a day ago
- Politics
- Yahoo
Who is Colombian Sen. Miguel Uribe Turbay who was shot during a campaign rally in Bogota?
Conservative Colombian Sen. Miguel Uribe Turbay was shot and seriously injured during a campaign rally in the capital, Bogota. The brazen attack captured on video shook a nation that decades ago regularly saw kidnappings and killings of politicians and high profile people. Uribe Turbay, 39, who has announced he intends to run for president next year, was in serious condition following surgery Sunday, a day after the shooting, and doctors said he was going through 'critical hours.' Here's what to know about the conservative politician: A conservative presidential hopeful A member of the right-wing Democratic Center party, Uribe Turbay launched his presidential bid in March. He has become a prominent opposition voice against the government of President Gustavo Petro, the first leftist politician to become the leader of Colombia. Petro cannot seek reelection in 2026. Uribe Turbay, whose family had also suffered political violence, launched his presidential bid in March. In October last year, he had posted a video on social media announcing his intention to run, choosing the mountains of Copacabana in the department of Antioquia as a backdrop. The country will hold a presidential election on May 31, 2026. 'A place with deep meaning for me,' he said in the video. 'It was here that my mother was kidnapped by Pablo Escobar and was killed when I was about to turn five.' His mother, journalist Diana Turbay, was abducted by the Medellin Cartel and killed in 1991, one of Colombia's most violent periods. The attack on Uribe Turbay on Saturday shocked the nation and revived memories of an era when political violence affected Colombian public life. A life as part of a politically well-known family Uribe Turbay entered politics early, being elected to Bogota's City Council at age 25 in 2012. In 2016, he was appointed the city's secretary of government by then-Mayor Enrique Peñalosa. In 2022, he became senator after being invited to run by former President Álvaro Uribe Vélez, no relation. Uribe Turbay was born into a prominent political family. He is the grandson of former President Julio César Turbay Ayala, who served from 1978 to 1982, and the paternal grandson of Rodrigo Uribe Echavarría, a former director of the Liberal Party. He was not considered a front-runner in next year's race, according to recent polls, and was still facing competition within his political coalition. In his pre-campaign messaging, Uribe Turbay focused heavily on security, seeking to inspire investments and promote economic stability. 'Reserved prognosis' The senator is going through what authorities have described as 'critical hours' after undergoing surgery at a private clinic in Bogotá. 'He survived the procedure; these are critical moments and hours for his survival,' said Bogotá Mayor Carlos Galán early Sunday after receiving information from the medical staff at the Fundación Santa Fe clinic. 'His condition is extremely serious and the prognosis is reserved,' the clinic added hours later in a new medical report. Police arrested a 15-year-old boy for the shooting who they considered the perpetrator. Authorities have not disclosed a motive. Colombia's Ombudsman's Office condemned the attack, saying the country 'cannot allow a return to dark times when violence sought to silence ideas, candidacies or political leadership.' ___ Follow AP's coverage of Latin America and the Caribbean at
Associated Press
a day ago
- Politics
- Associated Press
Who is Colombian Sen. Miguel Uribe Turbay who was shot during a campaign rally in Bogota?
Conservative Colombian Sen. Miguel Uribe Turbay was shot and seriously injured during a campaign rally in the capital, Bogota. The brazen attack captured on video shook a nation that decades ago regularly saw kidnappings and killings of politicians and high profile people. Uribe Turbay, 39, who has announced he intends to run for president next year, was in serious condition following surgery Sunday, a day after the shooting, and doctors said he was going through 'critical hours.' Here's what to know about the conservative politician: A conservative presidential hopeful A member of the right-wing Democratic Center party, Uribe Turbay launched his presidential bid in March. He has become a prominent opposition voice against the government of President Gustavo Petro, the first leftist politician to become the leader of Colombia. Petro cannot seek reelection in 2026. Uribe Turbay, whose family had also suffered political violence, launched his presidential bid in March. In October last year, he had posted a video on social media announcing his intention to run, choosing the mountains of Copacabana in the department of Antioquia as a backdrop. The country will hold a presidential election on May 31, 2026. 'A place with deep meaning for me,' he said in the video. 'It was here that my mother was kidnapped by Pablo Escobar and was killed when I was about to turn five.' His mother, journalist Diana Turbay, was abducted by the Medellin Cartel and killed in 1991, one of Colombia's most violent periods. The attack on Uribe Turbay on Saturday shocked the nation and revived memories of an era when political violence affected Colombian public life. A life as part of a politically well-known familyUribe Turbay entered politics early, being elected to Bogota's City Council at age 25 in 2012. In 2016, he was appointed the city's secretary of government by then-Mayor Enrique Peñalosa. In 2022, he became senator after being invited to run by former President Álvaro Uribe Vélez, no relation. Uribe Turbay was born into a prominent political family. He is the grandson of former President Julio César Turbay Ayala, who served from 1978 to 1982, and the paternal grandson of Rodrigo Uribe Echavarría, a former director of the Liberal Party. He was not considered a front-runner in next year's race, according to recent polls, and was still facing competition within his political coalition. In his pre-campaign messaging, Uribe Turbay focused heavily on security, seeking to inspire investments and promote economic stability. 'Reserved prognosis' The senator is going through what authorities have described as 'critical hours' after undergoing surgery at a private clinic in Bogotá. 'He survived the procedure; these are critical moments and hours for his survival,' said Bogotá Mayor Carlos Galán early Sunday after receiving information from the medical staff at the Fundación Santa Fe clinic. 'His condition is extremely serious and the prognosis is reserved,' the clinic added hours later in a new medical report. Police arrested a 15-year-old boy for the shooting who they considered the perpetrator. Authorities have not disclosed a motive. Colombia's Ombudsman's Office condemned the attack, saying the country 'cannot allow a return to dark times when violence sought to silence ideas, candidacies or political leadership.' ___ Follow AP's coverage of Latin America and the Caribbean at
Associated Press
22-05-2025
- Business
- Associated Press
FenixOro Signs Definitive Agreement for Porvenir Mine and Permitted Facility
Significantly Expands Abriaqui Project Land Package TORONTO, ON / ACCESS Newswire / May 22, 2025 / FenixOro Gold Corp (CSE:FENX)(OTC PINK:FDVXF)(Frankfurt:8FD) ('FenixOro' of 'the Company') is pleased to announce that it has executed a definitive agreement to obtain the El Porvenir Mine and processing facility along with a significant contiguous land package and consolidate these assets (the 'Assets') with its flagship Abriaqui gold project in Antioquia, Colombia (the 'Transaction'). FenixOro CEO John Carlesso stated: 'This transaction is transformational as it unifies adjacent properties to create a single project of scale and significance, combining exploration upside with existing production capabilities. This introduces both immediate and long term strategic value to the Company as the existing scalable, fully permitted production facility will allow FenixOro to take advantage of historic all-time-high gold prices within a relatively short period of time. Longer term, permitting for a new larger 300 tonnes per day processing facility is in final stages of approval. Once completed, this provides a turnkey, scalable processing solution for gold production on the combined Abriaqui project as a whole, circumventing what is typically a multi-year environmental application approval process. With this transaction we will be better positioned to execute on our corporate objective of proving out a 'Buritica-style' deposit in both size and scale. The resulting project from this combination contains the entire package of mineralization of significance from north to south, and positions the Company with certainty for its development and long term, expanded production strategy. We strongly believe that this combination of unique, high grade, and highly prospective assets will deliver tremendous value for shareholders as we transition to executing on a production strategy that contributes cash flow towards our continuing development and growth objectives.' The El Porvenir Mine lies 3 kmto the northwest of the extension of the Abriaqui property boundary and is the largest historic producer in the district (see Figure 1). 1500 meters of lateral development have been completed along the vein which has been worked on four levels. High grade gold mineralization is open at depth and in both strike additional gold-bearing veins have been identified, some of which are the northwestward extensions of the prominent vein set which has been previously tested by FenixOro in prior drill programs. Geologically, the Porvenir veins are similar to those on which FenixOro has encountered potentially economic gold mineralization at drilled depths of more than 700 meters below surface. The Porvenir Mine has never been drilled, and to date mining levels have extended only to a depth of 280m below surface. The new package adds significantly to the resource potential of the combined properties both at depth at the northern and southern ends, and in the gap between the northernmost drill holes and the Porvenir mine (see Figure 2). The El Porvenir Mine is fully permitted for exploitation and has a processing facility on site with the capability to expand to 60 tonnes per day. Current production is reported to average 13 g/t Gold. The land package also includes a 525 hectare mining title to the northwest that includes a 35 hectare parcel which is in the final stages of permitting for a new 300 tonne per day processing facility. Permits are expected in calendar 2025. A current resource calculation commissioned for main vein at El Porvenir, based on channel sampling on multiple mine levels (non-43-101 compliant), totals 80,000 oz of gold in all categories. Drilling on strike and at depth is expected to increase this number and a drill program has been designed to be implemented in the short term. Detailed mining sequences have been mapped and budgeted for the exploitation of the known ore body. This strategic combination adds valuable near-term production capabilities and cash flow, and expands the size of the project area to almost 2000 hectares. Upon completion of the Transaction, the Company's Abriaqui project will now encompass all relevant mineralized areas from the historic Prospera Mine in the southeast (100 continuous meters along strike of 39.2 g/t Gold, 254 g/t Silver, 2.1% Zinc and 1.8% Copper, see the Company's press release of June 9, 2022) through the 'northern block' that hosts the bulk of the historical FenixOro drilling and significant discoveries, to the new northwest extension where the Porvenir Mine lies (see Figure 1). After completing 12,000 meters of drilling, FenixOro has developed a potential resource model on the northern block at Abriaqui (see Figure 2). The 3 km gap between the northern block and the Porvenir Mine is largely unexplored and has never been drilled. This area represents potential to extend the known, discovered mineralization trend through to the El Porvenir Mine and adds significant potential to the project as a whole. The Company is seeking financing and will provide further updates while it works to complete the necessary filings to resume the trading of its common shares on the Canadian Stock Exchange (CSE) and the OTC in the United States. The Assets are currently held through certain private Colombian holding companies by a group of individuals who are arm's length to the Company (the 'Colombian Parties'). The transaction is expected to close in two phases. Closing of the first phase will result in the Company issuing to the Colombian Parties approximately 39 million common shares, in exchange for receiving a 70% interest in the Assets. Closing of the second phase will result in the Company issuing 16 million common shares to the Colombian Parties in exchange for receiving the remaining 30% interest in the Assets. The Colombian Parties are arm's length to each other, and upon completion, no Colombian Party shall be the holder of more than 9.9% of the Company's issued and outstanding common shares. Closing of the transaction is subject to a number of conditions, including but not limited to: confirmatory due diligence satisfactory to each party; confirmation of certain permitting with respect to the Assets; completion of a technical report in compliance with NI 43-101 on the El Porvernir Mine; lifting of the cease trade order issued in respect of the Company's common shares; government approvals in Colombia; and the approval of the CSE. Closing of the second phase is conditional on the closing of the first phase, and the entering into of an operating agreement between the parties concerning the development of the Assets and associated budgeting. About FenixOro FenixOro Gold Corp is a Canadian company focused on acquiring and exploring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia. FenixOro's flagship property, the Abriaqui project, is the closest project to Zijin-Continental Gold's Buritica project. It is located 15 km to the west in Antioquia State at the northern end of the Mid-Cauca gold belt, a geological trend which has seen multiple large gold discoveries in the past 10 years including Buritica and Anglo Gold's Nuevo Chaquiro and La Colosa. FenixOro's VP of Exploration, Stuart Moller, led the discovery team at Buritica for Continental Gold from 2007-2011. A Phase 2 drilling program has been completed at Abriaqui resulting in a significant discovery of a high grade, 'Buritica style' gold deposit. Technical Information Stuart Moller, Vice President Exploration and Director of the Company and a Qualified Person for the purposes of NI 43-101 ( British Colombia), has prepared or supervised the preparation of the technical information contained in this press release. Mr. Moller has more than 40 years of experience in exploration for precious and other metals including fifteen years in Colombia and is a Fellow of the Society of Exploration Geologists. Cautionary Statement on Forward-Looking Information This news release contains certain 'forward-looking information' within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute 'forward-looking statements'. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of FenixOro's control. The forward-looking information and forward-looking statements contained herein include, but are not limited to, information concerning any potential financing, the Assets, the closing of the Transaction, and the anticipated benefits to the Company of consolidating the Assets. Although FenixOro believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. In particular, there can be no guarantee that the Transaction will be completed, that anticipated permitting will be received,that any financing will be completed, and there is no guarantee that Abriaqui or the Porvenir Mine will produce viable quantities of minerals, or that the Company will pursue Abriaqui or that any mineral deposits will be found. The forward-looking information and forward-looking statements contained in this news release are made as of the date of this press release, and FenixOro does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. Neither the Canadian Securities Exchange nor its Market Regulator (as defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release. For further information, please contact: FenixOro Gold Corp John Carlesso, CEO Email: [email protected] Telephone: 1-833-FENXORO FIGURE 1 NEW PROPERTY BOUNDARIES FIGURE 2 CONSOLIDATED PROJECT POTENTIAL SOURCE: FenixOro Gold Corp. press release
