Colombia opens tender for phosphate blocks

Colombia opens tender for phosphate blocks

Bogota, 19 October (Argus) — Colombia opened a tender to award four phosphate-prone blocks as part of a campaign to expand and diversify mining investment.

Blocks 6, 7, 8 and 10 are located in the central department of Boyacá and the southern department of Huila.

"Phosphoric rock is used for production of fertilizers, animal food and ceramics. We are seeing a significant increase in their prices . . . and local and international demand will keep increasing with very competitive prices," mines and energy minister Diego Mesa told Argus on the sidelines of today's launch.