La Francia

La Francia is a coal mine in Colombia owned by the Goldman Sachs Group.

History

The mine was owned by Coalcorp Mining until 2010.[1] It was acquired by the Goldman Sachs Group for US$200 million in 2010.[1] It is owned by Goldman Sachs through their Colombia-based subsidiary, Colombian National Resources.[2]

It closed in January 2013 after the contractor hired by Colombian National Resources opted out,[3] but opened again in January 2014, at a lesser capacity.[2] By August 2014, it was in talks to be acquired by investor Mick Davis.[4]

References

  1. 1 2 UPDATE 1-Coalcorp to sell La Francia mine to Goldman unit, Reuters, January 7, 2010
  2. 1 2 Peter Murphy, Exclusive: Goldman Sachs miner halts coal exports from Colombia, Reuters, January 9, 2014
  3. ↑ Matthew Bristow, Colombia’s Top Coal Mine Reaches Accord That May End Strike, Bloomberg Business, March 4, 2013
  4. ↑ Danny Fortson, Mick the Miner in talks to buy Goldman’s Colombian coal, The Sunday Times, August 17, 2014

This article is issued from Wikipedia - version of the 8/10/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.