IBOV 185,229.17 ▼ 0.41% IPSA 11,381.18 ▲ 1.30% IPC MEX 63,375.93 ▼ 0.78% MERVAL 3,021,926 ▼ 1.29% COLCAP 2,548.22 ▲ 1.05% BVL PERÚ 60,023.65 ▼ 1.13% USD/BRL5.14▲ 0.26% USD/MXN17.22▼ 0.01% USD/CLP959.00▼ 0.31% USD/COP3,175▲ 1.37% USD/PEN3.37▼ 0.10% USD/ARS1,514▲ 0.26% USD/UYU40.16▲ 2.90% USD/PYG5,906▲ 2.95% USD/BOB9.95▼ 6.56% USD/DOP58.83▲ 0.22% USD/CRC444.45▲ 2.49% USD/GTQ7.63▲ 3.03% USD/HNL26.85▲ 0.38% USD/NIO36.62— 0.00% USD/VES846.42▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.75▲ 2.57% EUR/BRL5.91▲ 0.04% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,229.17 ▼ 0.41% IPSA 11,381.18 ▲ 1.30% IPC MEX 63,375.93 ▼ 0.78% MERVAL 3,021,926 ▼ 1.29% COLCAP 2,548.22 ▲ 1.05% BVL PERÚ 60,023.65 ▼ 1.13% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Sunday, September 20, 2026

Colombia Latin America

Colombia Mining Reform Bans Mercury, Tightens Rules

By · July 30, 2026 · 4 min read

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Bolivia's 83% fuel shock, hours after the IMF loan”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Colombia · Business

Key Facts

The bill. 255 articles, filed with Congress by the Ministry of Mines and Energy on July 28.

The name. Mining Law for a Just Energy Transition, National Reindustrialisation and Mining for Life.

Mercury. Prohibited outright.

Closure. A mine-closure plan becomes a condition from the start of a project, not the end.

The consultation. Built with more than 13,000 representatives of 115 indigenous peoples and 400 Afro-Colombian organisations.

Colombia’s mining rules were written in 2001 for a country trying to attract investors. The replacement is written for a government that no longer trusts them.

Colombia Moves to Rewrite Mining Rules and Ban Mercury.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Colombia’s Ministry of Mines and Energy filed a bill to replace the 2001 Mining Code, a 255-article text that reorders how the state grants, supervises and ends mining rights. Minister Edwin Palma called it a matter of protecting the rights of mining communities and their territories.

It is the first attempt at wholesale reform of the code in a quarter of a century.

What actually changes

The bill organises around socio-environmental mining planning, the designation of zones suitable for mining, and a new contracting model. In plain terms, the state decides where mining may happen before anyone applies.

Mercury is banned. That matters most in the alluvial gold fields of Chocó and Antioquia, where informal operations have poisoned river systems for decades.

Closure plans become a condition from the beginning of a project. Colombia’s mountains are dotted with abandoned workings nobody was ever obliged to remediate.

The new socio-environmental mining plans will be regional, not project-by-project, aiming to align extraction with water and biodiversity limits. That marks a departure from a system that prioritised mineral rights over all other land uses.

Colombia ratified the Minamata Convention in 2019, committing to reduce and eliminate mercury use, yet enforcement in remote mining districts has lagged. The outright ban brings the law in line with that international obligation and signals stricter enforcement.

Under the 2001 code, closure obligations were often tacked on at the end of a mine’s life, leaving the state to shoulder the clean-up when companies disappeared. The bill requires financial guarantees and a detailed closure strategy before the first drill breaks ground.

The small-miner question

The reform creates a differentiated regime for small-scale, traditional and ancestral mining, with formalisation routes, technical assistance and access to credit.

This is the part with the widest reach. Hundreds of thousands of Colombians mine without title, which leaves them outside the law, outside the tax base and frequently under the protection of armed groups.

Formalisation has been attempted before and has largely failed, because the paperwork and capital demanded of a subsistence miner were designed for a company.

The scale is staggering: hundreds of thousands of miners earn a living from small excavations, mostly in gold-rich departments. Bringing them into a legal framework offers state benefits but also demands a lighter regulatory touch than the old code allowed.

Where state presence is thin, illegal armed groups often control mining areas and profit from the unregulated trade. By offering a legal path, the government hopes to weaken the illicit economies that sustain violence in mining regions.

Why investors are uneasy

President Gustavo Petro has been open about wanting to move Colombia away from extraction, and has restricted new oil and gas licensing. Industry reads any mining bill from this government through that lens.

The concern is not the mercury ban, which few defend. It is the expansion of state discretion over where mining may occur and on what terms, in a country where that discretion changes with each administration.

Colombia is a significant coal exporter and a growing gold producer. Rules that are stricter but stable can be worked with; rules that may be rewritten again in two years are harder to finance.

Companies holding exploration titles worry that the new zoning may block them from advancing to extraction, even if they have already invested millions. The bill’s language on existing rights remains a critical point of contention for the industry.

Colombia’s coal exports, mainly from the Cerrejón and Drummond operations, generated over US$5 billion in revenue in 2023, and gold production has been rising. A regulatory overhaul that complicates new projects risks those revenue streams, especially as coal demand faces long-term decline.

What happens next

Filing a bill is not passing one. Petro’s government has seen major reforms stall, dilute or die in Congress, and it is governing in its final stretch.

The consultation process, more than 13,000 representatives across 115 indigenous peoples and 400 Afro-Colombian organisations, gives the text a legitimacy that is politically hard to dismiss. It also gives opponents a long record to litigate over.

The bill must pass through four debates in Congress, where conservative coalitions and mining lobbies are expected to resist provisions that strengthen state intervention. Petro’s declining approval ratings and the approaching 2026 presidential election add urgency to the legislative push.

Frequently Asked Questions

What is Colombia’s new mining bill?
A 255-article reform of the 2001 Mining Code, filed with Congress by the Ministry of Mines and Energy in July 2026.

Does it ban mercury?
Yes. The bill prohibits the use of mercury in mining outright.

What does it do for informal miners?
It creates a special regime for small-scale, traditional and ancestral mining with formalisation routes, technical assistance and access to credit.

Who is behind the reform?
The Ministry of Mines and Energy under Minister Edwin Palma, following consultation with more than 13,000 community representatives.

Sources: El Universal · Ministerio de Minas y Energía

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.