2. MINISTRY OF MINES AND ENERGY V FERIA INTERNACIONAL MINERA BEATRIZ DUQUE MONTOYA DIRECTORA DE MINAS Medellín, septiembre 10 de 2009

4. Official Name: Republic of Colombia Continental Area: 1,141,748 Km2 Population: 42 Million inhabitants ||| (75% urban, 25% rural) Population Density: 36.12 people by Km 2 Capital: Bogotá (7 Million inhabitants) GDP* US$ 181.8 Million GDP/Capita* US$ 4132.7 FDI (2008*) US$ 8043 million Literacy Rate: 94.2% Political Constitution: State ruled by law, organized as a unitary Republic System of Government: Presidential Balance of powers between executive, legislative & judicial branches. Colombia in Figures *: III Q 2008

5. Institucional Structure of the Mining Sector ROYALTIES INGEOMINAS Geological & Mining Institute MINISTRY OF MINES AND ENERGY Minister of Mines and Energy MAYOR DELEGATES UPME – Planning Unit GEOLOGIAL SERVICES CONTRACTUAL UNDERTAKING SURVEILLANCE PROMOTION SYSTEM OF MINING INFORMATION CONTRACTUAL UNDERTAKING SURVEILLANCE Planning sector Mining public policy Coordinate mining sector Director of Mines

6. Contribution of the Colombian mining sector to the country’s economy in 2002 and 2008 Mineral Exports (Millions of US$)* Mineral Exports of total Exports (%)* Mining FDI (Millions of US$)** Mining Royalties (Millions of US$)*** 2006 US$ 5,208 21,35% US$ 1,783 US$ 369 2007 US$ 6,339 21.2% US$ $1,100 US$ 468,5 2008 US$ 7.447 20,0% US$ 2,116 US$ 601,33 2002 US$ 2.821,3 21,55% US$ 466 US$ 83 2009 (p) US$ 4.063 26,2% US$ 866 US$ 338,67 * 30 June 2009 ** 31 March 2009 *** 30 June 2009 TRM I Q of 2009 $ 2.318/USD

7. Mineral exports 2000 -2009* * II Q 2009

8. Countries investing in mining exploration

10. Thermic Metalurgic C/marca 236 1.482 11.862 Boyacá 170 1.720 12.781 Antioquia 90 475 10.336 Valle- Cauca 41 242 11.016 Santander 56 464 12.790 N. Santander 120 795 12.653 Córdoba 381 722 9.280 Cesar 2.035 6.556 11.655 Guajira 3.933 4.536 11.586 Region Measured Resources MT Potential MT Energy (BTU/lb)

11. Geological Potential: Precious Minerals and Metals Source: Ingeominas, 2006 Fuente: INGEOMINAS 1 2 7 3 5 6 4 Potential Prioritized Zones Minerals 1. Nort west of the Department of Antioquia Copper, Gold, Molybdenum 2. River Cauca Cannon Gold and basic metals 3. Departments of Nariño and Putumayo Gold and basic metals 4. Colombian East Gold 5. San Lucas Mountain Gold 6. Santander Mountain Range Gold 7. Departments of Tolima and Huila Gold and basic metals

14. Project : La Loma Location : Cesar Ownership : Drummond Mineral : Coal Production/Year : 22.9 MM Tones Project : El Descanso Location : Cesar Ownership : Drummond Mineral : carbón Production/Year: begining Main projects in a production stage

15. Project : CMU-Tesoro-Jagua Location : Cesar Ownership : Glencore Mineral : Coal Production/Year : 4,4 MM Tones Project : Calenturitas Location : Cesar Ownership : Glencore Mineral : Coal Production/Year : 3,7 MM Tones Main projects in a production stage

16. Project : La Francia Location : Cesar Ownership : Coal Corp Mineral : Coal Production/Year: 1,5 MM Tones Main projects in a production stage

17. Project : Cerromatoso Location : Córdoba Ownership : BHP Mineral : Ferronickel Production/Year: 108 MM pounds Main projects in a production stage

18. Project : El Bagre Location : Antioquia Ownership : Mineros S.A. Mineral : Gold (Alluvion) Production/Year : 80.000 oz Will increase production in 25.000 oz per year with operation of two new dredges acquired in Brazil. Main projects in a production stage

19. Project : Lower Marmato Location : Caldas (Marmato) Ownership : Mineros Nacionales Mineral : Gold (Vein) Production/Year : 30.000 oz Main projects in a production stage

20. Project : Paz del Río Location : Boyacá Ownership : Votorantim Mineral : Iron Ore Production/Year: 624.000 Tones Main projects in a production stage

21. Project : La Y Location : Antioquia (Zaragoza) Ownership : Mineros S.A. Mineral : Gold (vein / underground) Proven Reserves: 300.000 oz It will start production in February or March 2009. It is conducting additional exploration to increase proven reserves. Main exploration projects

22. Project : Río de Oro Location : Norte de Santander (Tibú) Ownership : Geominas and others Mineral : Coal Inferred resource: 320 MM Tones Proven reserves: 60 MM Tones Main exploration projects

23. Project : Upper Marmato Location : Caldas (Marmato) Ownership : Colombia Golfields Mineral : Gold (Veins) Inferred resource: 2.5 MM oz Drilling: 32.000 ml Main exploration projects

24. Project : Gramalote Location : Antioquia (San Roque) Company : B2Gold-AGA Mineral : Gold (Vein) Inferred resource: 2.5 MM Oz Drilling : 320.000 ml / 450 ml deep. Main exploration projects

25. Project : Quebradona Location : Antioquia (Jericó) Ownership : AGA – B2Gold Mineral : Gold Inferred resource: 1.5 to 2 MM oz Drilling : 6.000 ml / 300 ml. deep Main exploration projects

26. Project : San Jorge Location : Córdoba Ownership : BHP Billiton Mineral : Coal Bidding process of Ingeominas Main exploration projects

27. Project : Acandí Location : Chocó Ownership : Anglo American Colombia Exploration Mineral : polymetallic sulphide Bidding process of Ingeominas Main exploration projects

28. Project : Pantanos Pegadorcito Location : Antioquia (Frontino-Dabeiba) Ownership : Carbones de la Loma Mineral : polymetallic sulphide Bidding process of Ingeominas Main exploration projects

29. Project : Taraira Location : Vaupés (Taraira) Ownership : Cosigo-Frontier Mining Corporation Mineral : Gold Bidding process of Ingeominas Main exploration projects

30. Project : Mocoa Location : Putumayo Ownership : B2Gold Mineral : Copper and Molybdenum Inferred resource: ????? Drilling : 5.000 ml Main exploration projects

31. Project : Miraflores Location : Risaralda (Quinchía) Ownership : B2Gold Mineral : Gold (Vein) Inferred resource: 0.8 MM oz Main exploration projects

32. Project : La Colosa Location : Tolima (Cajamarca) Ownership : Anglo Gold Ashanti Mineral : Gold Inferred resource: > 10 MM oz Main exploration projects

33. Project : Angostura (California) Location : Santander Ownership : Greystar Resources Mineral : Gold (open pit) M&I Resource: 7 MM oz Inferred resource: 6 MM oz. Drilling : > 200.000 ml Main exploration projects

34. Main exploration projects Project : Mandé Norte Location : Chocó-Antioquia Ownership : Muriel Mining Corporation Mineral : polimetálicos Resources: begining exploration

37. Railroad Projects SANTA MARTA PUERTO BERRIO LA ISLA BOGOTA BELENCITO LA CARO BARBOSA LA VIZCAINA CALI YUMBO PALMIRA PALMIRA 498 KM BUENAVENTURA BOLOMBOLO LA FELISA LA TEBAIDA 245 KM CHIRIGUANA 1045 KM LA DORADA FACA VILLA VIEJA ENVIGADO CABAÑAS PTO SALGAR BUENOS AIRES Atlantic Concession Pacific Concession Central Railroad System Carare Multi purpose Railroad Bogotá Valle Altiplano

41. ALTIPLANO CUNDIBOYACENSE CONCESSION Project in structuring stage New Railroad Project Lenguazaque Lenght 368 Kilometers Segments Facatativa- Km 5 (Bogota)40 Km Km 5 ( Bogota) - La Caro 29 Km La Caro – Belencito 228 Km La Caro – Lenguazaque 66 Km Products Cement, lime, plaster, scrap, Containers, steal, iron, clinker, coal.

43. Existing Coal Ports Puerto Bolívar (29 MM Tones/Year Carbosan (2 MM Tones/year, Concession 2013) Prodeco (4 MM Tones/Year Concession 2009) Drummond (22 MM Tones/Year Concession 2023) Soc. Portuaria de Ciénaga (0 MM Tones/Year Concession 2018) Cementos del Caribe (1 MM T/Year) Atlantic Coal (0.9 MM T/Year) Soc. Portuaria de Barranquilla (0.5 MM T/Year) Colclinker (1 MM T/Year) Soc. Portuaria de Cartagena (0.2 MM Tones/Year) Soc. Portuaria Golfo de Morrosquillo (0.1 MM T/Year)

44. Expected New Coal Projects PUERTO MULTIPROPOSITO BRISA S.A. (0.5MM Tones/year-3MM T/Year) PUERTO NUEVO , Coal (30MM Tones/Year-60MM T/Year) Carbones del Carare S.A. (3MM T/Year)-5.4MM T/Year) Cartagena Multipurpose CMT S.A. (0.2MM T/Year) Graneles del Golfo S.A. (0.3MM T/Year-1.5MM T/Year) Sociedad Portuaria del Sinú (1 MM T/Year)

45. BUENAVENTURA´S PORT Optimization Opertation Dredging channel of access Capacity: 1 MT/Yr Draft 36´ AGUADULCE PORT Capacity: 2.5 MT/Yr Draft 32´ PROJECTED COAL PORTS EXPANSION IN THE PACIFIC OCEAN PACIFIC OCEAN BUENAVENTURA

46. PRINCIPALES PUERTOS SOBRE EL RIO MAGDALENA Km 730 Km 886 Km 886 Km 630 Km 450 Km 598 Km 445 Km 0 Km 0

47. PUERTO SALGAR VALLEDUPAR CARMEN DE BOLIVAR BOSCONIA AUTOPISTA RUTA DEL SOL SANTA MARTA 1.130KM BOGOTA PUERTO SEVIEZ LIZAMA SAN ROQUE

48. AUTOPISTA DE LA NUEVA INDEPENDENCIA Peaje Nuevo Peaje Existente Current status of the Project: MOU betweenINCO-INVIAS-GOBERNACIÓN DE ANTIOQUIA-IDEA. The project is in the financial structuring stage.

49. TRANSVERSAL AUTOPISTA DE LAS AMERICAS Lenght : 1.948 Km PARAGUACHON RIOHACHA PALO DE LETRAS EL TIGRE MONTERIA CRUZ DEL VISO NECOCLÍ DISTRACCION LA FLORIDA SANTA MARTA BARRANQUILLA CARTAGENA 1.948 Km AUTOPISTA DE LAS AMERICAS LA YE CAUCACIA SAN ROQUE LA PAZ CUESTESITAS

50. ARTERIAS DE MI LLANURA Current status of the Project: Technical study Assessment of required investment Structuring of concession SAN JOSE DE GUAVIARE 262 KM PUERTO GAITAN 191 KM SARAVENA 72 KM ARAUCA 175 KM TAME 442 KM VILLAVICENCIO BOGOTA 87 KM

54. Colombia offers unparallel opportunities for investment in mining

55. THANK YOU!