Marmato Mountain

I’m posting a 10-minute documentary that was broadcast by the CBC in March of 2008. The video is about a mountain in Colombia called Marmato which has a town on it. A Canadian company called Colombia Goldfields is shown to be acquiring properties on Marmato in the interest of developing an enormous open-pit cyanide heap-leaching gold mine. I originally watched the video on the CBC’s website, but it’s since been taken down from there, so I’m linking to a copy of it that’s available on YouTube. I wasn’t the one who downloaded it from the CBC, but having viewed the original several times a few months back, I can see that the content of the YouTube version is the same as the content of the CBC version.

The company that’s currently buying up properties on Marmato is Medoro Resources Ltd., with headquarters in Toronto. On Oct. 6th, 2009, Medoro put out a press release titled Medoro Announces Execution of Letter of Intent with Mineros S.A. This press release states that Medoro has “entered into a preliminary letter of intent with Mineros S.A., a private Colombian company, pursuant to which Medoro will purchase all of the issued and outstanding common shares of its subsidiary, Mineros Nacionales S.A.”

On October 30th, 2009, Medoro put out another press release explaining that they had completed acquisition of Colombia Goldfields Ltd. This press release is titled Medoro Completes Acquisition of Colombia Goldfields Ltd.

On December 30th, 2009, Medoro issued another press release indicating that they had signed an agreement towards acquiring Colombia Gold PLC. This agreement is described as “an important step in [their] plan to consolidate properties at Marmato.” According to the same press release, “if the acquisitions of Mineros Nacionales S.A. and Colombia Gold are completed, Medoro will have consolidated most of the mining rights in the Marmato region.” This press release is titled Medoro Resources Signs Support Agreement with Colombia Gold plc.

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