Colombia fines miner Prodeco, ex-minister over royalty miscalculation

摘要

Colombia’s Office of the Comptroller Generalhas fined Glencore’s thermal coal mining unit Prodeco, aformer mining and energy minister, and two state officials atotal of Peso 60.023 billion ($25 million) over a change in amine’s royalty calculations in 2010.The amendment to a contract between Prodeco andIngeominas, a former unit of the energy and mines ministryin charge of mining titles, undercharged mining royaltiespertaining to the company’s Calenturitas mine in 2010causing “a damage to the interests of the state,” according toa statement from the comptroller general.