Brent $68.40 -0.8% WTI $64.15 -0.6% TRM $4.180 +0.2% EC $1.820 +1.1% Oil prod. ~741 kbbl/d Mkted gas ~700 Mpcd Oil R/P 7,4 yrs Gas R/P 5,9 yrs FNCER ~5,29 GW Brent $68.40 -0.8% WTI $64.15 -0.6% TRM $4.180 +0.2% EC $1.820 +1.1% Oil prod. ~741 kbbl/d Mkted gas ~700 Mpcd Oil R/P 7,4 yrs Gas R/P 5,9 yrs FNCER ~5,29 GW
Responsible Mining

MinEnergía launches Ecodorado to formalize Colombia's gold chain

Ecodorado, from MinEnergía and the National Mining Agency, targets a state gold trader, traceability and formalization — with 30,000+ beneficiaries reported by April 2026.

Colombia’s Ministry of Mines and Energy and the National Mining Agency unveiled Ecodorado, a strategy to shift the gold chain toward legality, traceability and territorial development. MinEnergía says up to 80% of marketed gold may be informal or illegal, with royalty losses near COP 5 trillion a year.

State trader and formalization

A state gold trading company would buy from formalized small miners, aiming to scale legal purchases from 5 to 15 tonnes a year. By April 2026 the ministry reported more than 30,000 formalization beneficiaries and over 800 formalization titles or instruments. The mining agency enabled 381,000 hectares for future formalization contracts.

Responsible-mining fit

Ecodorado aligns with mercury-free artisanal mining plans and MinEnergía–MinAmbiente coordination on mining-environmental ordering — raising the bar on traceability for legal operators.