Suvarna Garge (Editor)

La Francia

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

History

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

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

References

La Francia Wikipedia


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