Athens Greece - Ovetii Turns Its Attention to Colombia`s Rich Potential
Released on: October 28, 2007, 6:12 am
Press Release Author: invest-biz.info
Industry: Financial
Press Release Summary: Ovetii, the Athens based financial group are said to be paying close attention to the mining situation in Colombia.
Press Release Body: According to a source, analysts at Ovetii have found that Colombia offers a favorable investment climate with legal and financial incentives for mining companies, protection for foreign investment and continued macroeconomic stability. In addition to this Colombia has maintained a sustained growth rate, stable democracy and secure work environment. The country has seen 50 years of consistent growth and development, including a 6.8% economic growth increase in 2006. It seems that Ovetii has, after extensive research, found that Colombia is among South America's largest recorded gold producers, yielding 125 million ounces. Also noted is the fact that, because there has been minimal investment in the gold mining industry over the past thirty years, the country remains largely unexplored. With prices for both precious and base metals currently in the fourth year of a strong sector bull market, Latin America has become an increasingly popular playing field. The rise in revenues from established metals mining in the Latin America region has been exponential.
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