Touchstone Gold “El Pescado” Project (DFC-TOUCHSTONEGOLD)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Specific Location
Segovia Municipality, Antioquia Department
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Cornwall Capital S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jul 31, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The Project involves the development of a 300 tons/day (20,000 oz. annual capacity) gold mining operation in the central mountain range of Colombia. The Project has a licensed concession on 100 hectares of the Magdalena River National Forest Reserve and will use open-pit mining methods to access mineral deposits near the surface and at a later stage underground mining for deeper deposits. The Project involves the construction of mining facilities including internal and external material transport roads; equipment for extraction; beneficiation process (crushing and milling, cyanide and precipitation, recirculation and smelting); auxiliary operations of tailings storage and management, laboratory, worker camps, heliport, and progressive mine closure.

Investment Description
  • US International Development Finance Corporation (DFC)

There wasn't avaialable any of th Funding information.

Contact Information

Location of Local Access to Project Information
Address: Touchstone Colombia, Calle 6A #22-75, Casa 103
Telephone: +5743525126
Point of Contact: Juan Gabriel Gonzalez, jgonzalez@cornwallcapital.com