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WB mining privatisation

24 November 2003

Colombian trade unions have announced that due to World Bank commitments and a new mining code, the government has decided to reconstruct the state mining sector. The intention is to eliminate the National Mining Company to create a new organisation that takes responsibility for all the functions of the sector. The unions insist that this move to hand over national mining resources to transnational interests will end the possibility of evaluating and quantifying reserves and debilitate the state science and technology sector. Friends of the Earth International says this will “end any control that social organizations currently have to avoid dangerous mining contracts. The fate of Colombia’s mineworkers will rest solely with multinationals whose human rights records are already questionable.”