Colombian Emerald Mines Company

In 1886 the colombian constitution proclaimed coscuez the property of the nation.

Colombian emerald mines company. Emeralds did not become common in world trade until after the spaniards had reopened the ancient mines. In this article we give you an overview of the market and guide you through the process of setting up an emerald mining company in colombia. A lot could still go wrong. The mine has the potential to generate 350 000 to 400 000 carats per year about a fifth of colombia s total production currently the company estimates.

A map of the regions of colombia the main emerald mining territories located just outside of bogota. According to keller 1990 colombian emeralds are located in two large mining districts. The high altitude chivor district which is about 75 kilometers northeast of bogotá and the 360 square kilometer muzo district which is centered about 100 kilometers north. However mismanagement and illegal mining forced the government to lease out the coscuez area to a private mining company esmeracol.

The colombian emerald mining industry has developed rapidly in recent years and it currently accounts 2 of the countries gdp.