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Colombian Mining: Opportunities for Junior Miners and METS Companies

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The Colombian Mining Sector is experiencing improved fortunes and interest on the back of increased Government support and increasing commodity prices; there remains a number of attractive and available projects suitable for Junior Mining Companies and ever increasing opportunities for Mining Equipment, Technology and Services (METS) Companies.

Broadly speaking the Colombian Mining Sector consists of three primary commodity groups (Coal, Gold and Emeralds); a short summary of each has been provided below.

Coal. The Coal sector in Colombia is characterised by large thermal deposits in the north of the country, where there are operators such as Cerrejón, Drummond and Prodeco and smaller, thin seamed metallurgical deposits located in both the centre of the country and along the Venezuelan border. In practise the vast majority of the thermal coal mined is transported to ship loading facilities by train, whereas the metallurgical coal mined is often transported by truck and/or a combination of truck/ barge. Due to the scale, low operating costs and good logistical systems the production cost per tonne for thermal coal is low, whereas due to the smaller scale and logistic difficulties, the cost of producing metallurgical coal in Colombia is above industry norms. Nevertheless recent coal price increases mean that these metallurgical deposits can be exploited well below the sale cost, making for an attractive investment / purchase opportunity for the Junior Mining Sector. Correspondingly it presents an opportunity for the METS sector if they can bring systems, equiptment and/or procedures that improve efficiency, increase recovery and low the production cost.

Emerald. The Emerald sector is rarely understood or known in Colombia, even though it has recently grown to become the largest producer of emeralds in the world. Historically the sector (located only a few hundred Kilometres north of Bogota in the province of Boyaca) has had a turbulent past, marred by crime, unsafe working practises and corruption, however the sector is changing and changing fast. In recent years the Government has made significant efforts to promote the region and what it has to offer to foreign mining companies, and they have been successful. To date three international mining groups have entered the region bringing money, a willingness to bring best practice and increased transparency, a particular example is Mineria Texas Colombia which purchased the Muzo Mine, the largest emerald mine in Colombia. The affect of these “new comers” has been an effort to formalise the sector and to take a basically hand mined industry to a world class mining region with best practises, procedures and equipment. With this in mind the sector is perfectly positioned for METS companies looking to enter the Colombian market, as Everything is needed.

Gold. The Gold Mining sector is one of the most well known and best understood sectors in Colombia, although there has been a long history (and there remains) of wide spread artisanal gold mining, there has also been a number of foreign mining companies that have entered the sector, such as Red Eagle Mining, AngloGold Ashanti and Continental Gold. Especially during the mid-2000´s large number of foreign owned junior mining companies were active in Colombia finding and developing a number of prospective projects, however with the GFC and the downturn in commodity prices many of these companies eventually left the market, either selling there projects or returning them to there original owners, meaning a number of exploration projects (some with drilling and resource statements) exist, and some still without an investor or company progressing the project. This present an opportunity for new mining companies looking for a project in Colombia.

The mining sector in Colombia remains an attractive location for foreign mining companies looking for projects and/or METS looking for new clients. Although there are some complexities and a lot to learn and understand for new companies entering the market, the opportunities exist and the potential is huge. Combined with this, there is increased Governmental interest in helping foreign companies to enter the Colombian market, through removing legislative obstacles, streamlining visa processes and ever working to improve the permit application and approval process for mining projects.

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Binance Adds New Crypto Trading Pairs for Its Users

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Binance Adds New Crypto Trading Pairs for Its Users

Binance, the world’s largest crypto exchange platform, is now adding new trading pairs. The users can now trade on these pairs ARPA/RUB, DF/USDT, FET/BUSD, LTC/UAH, SOL/USDC, STX/BUSD and SYS/USDT. Also, the trading pairs activate  at 2021-09-24 10:00 AM (UTC).

Binancians can trade the cryptocurrencies with listed pairs with low transaction fees in the Binance exchange. Besides these trading pairs helps the users to invest their assets on different cryptocurrencies. Additionally, Binance exchange is popular for its low trading costs which is much lower among other U.S exchanges. 

Binance Crypto Trading pairs

At present Binance exchange is trading more than 740 digital currency and fiat pairs including all top cryptocurrencies. The exchange is increasing its network by adding new coins and tokens to satisfy its users. Thus, Binancians are also happy to be a part of the exchange community to explore new trading pairs.

Unlike other U.S cryptocurrency exchanges, Binance ranks highest for its low spot trading fee of 0.1% including eToro and Coinbase. Along with trading, the users can fund their amount with fairly charges. However,  Binance offers its users a seamless trading experience through a variety of crypto assets and trading volume. 

Besides releasing new coins and tokens in the exchange, Binance also adds new trading pairs for its users. Binance currently open trading pairs for crypto assets and fiat currencies like ARPA/RUB, DF/USDT, FET/BUSD, LTC/UAH, SOL/USDC, STX/BUSD & SYS/USDT. In this  RUB and UAH are fiat currencies which do not depict any cryptocurrencies. 

Moreover, from the initial stage to present Binance have added more than 740 trading pairs and continue to increase the pairings enabling its users to trade their favourite coins. Besides, the low trading and transactions fees is the best competitive strategy used by Binance to sustain in the marketplace. 

For more information and updates, please visit:

Website:   https://www.binance.com/en 

Twitter: https://twitter.com/binance 

Telegram:  https://t.me/binanceexchange 

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Cardano Summit Begins Tomorrow, Here’s What You Should Know

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Picture of a Cardano logo with the galaxy behind it

The Cardano summit is scheduled to begin tomorrow, Saturday, September 25th. The summit is scheduled to run for two days, the 25th to the 26th, and promises to be a one-of-a-kind event. Meetups are available in six locations around the world. But the summit will feature both live and virtual events where anyone from around the world can attend. Local groups are also available with community-led events.

Events at the Cardano summit are split by the worlds they fall into. Currently, the summit features seven different worlds in which individuals can choose to participate in. These worlds include Cardano World, Utility, Impact, Governance, Adoption, Catalyst, and Community.

Related Reading | Cardano Founder Charles Hoskinson Says The Term Smart Contracts Needs To Be Changed

The Cardano community is still giddy with the recent launch of smart contracts capability on the network, and with good reason. This summit promises some bigger announcements following this incredible feat. Details of what might be expected from the team are still sparse. So right now, it really is a waiting game as the opening of the summit draws closer.

The partly virtual event features avatars for participants to communicate with one another. While also featuring notable keynote speakers from the crypto space that will speak throughout the two-day summit. In addition to these will be the availability of limited edition NFTs minted on the blockchain to be collected throughout the summit. Founder Charles Hoskinson will provide the live opening keynote across all seven worlds to mark the beginning of the summit.

Hydra 2, DeFi, And The Cardano Network

Cardano recently announced the launch of the Hydra Layer 2 solution that will enable developers to build and deploy their decentralized apps (DApps) in a safe and secure environment. With the launch of Hydra, Hoskinson tweeted that more information will be available about the solution at the summit.

More information about decentralized finance (DeFi) protocols launching on the network, with updates expected from decentralized protocols like Minswap and SundaeSwap, which are both built on the blockchain.

Related Reading | Why Cardano Bull Trend Isn’t Over And 91% Increase Is Imminent, deVere CEO Nigel Green

Founder Charles Hoskinson celebrates how far the blockchain has come up until this point. “The Cardano summit 2021 follows the launch of smart contract capabilities on Cardano, and a remarkable six years of intensive development and perf-reviewed academic research to create a third-generation blockchain platform which is not only eco-friendly but provably secure,” the founder said.

ADA price trending above $2.1 | Source: ADAUSD on TradingView.com

Future exploits by the developer are expected to be announced at the summit. Alongside how the project plans to bridge the gap when it comes to decentralized finance. The summit is open to participants from all around the world and sign-up is free at https://summit.cardano.org/.

Featured image from Beinchain, chart from TradingView.com

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Time Magazine Joins the NFT League in OpenSea!

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Time Magazine Joins the NFT League in OpenSea!