The purpose of this technical cooperation project is to support geological data-gathering campaigns in Colombia to determine areas that may hold deposits of copper, a metal that is crucial to the energy transition and which Colombia is keen to extract and build a sustainable value chain. This is central to the country's efforts to shift its mining industry towards commodities that will be in high demand for the next decades, like copper, in support of global decarbonization efforts.
Project Detail
Country
Colombia
Project Number
CO-T1763
Approval Date
-
Project Status
Preparation
Project Type
Technical Cooperation
Sector
ENERGY
Subsector
NEW OIL AND GAS AND EXTRACTIVE INDUSTRIES
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental Classification
-
Total Cost
USD 740,000.00
Country Counterpart Financing
USD 140,000.00
Original Amount Approved
USD 300,000.00