Weekly Report - 1 September 2011 (WR-11-35)

COLOMBIA | Investment soars. Foreign direct investment reached US$8.56bn in the first seven months of the year, up 61% on the same period in 2010, the government reported. The majority of this FDI (56%) went to the oil sector. A US$1.3bn investment to boost coal production in El Cerrejón was announced on 18 August in London by the mining giants BHP Billiton, Anglo American and Xstra, to shareholders in the open pit mine.