Recent and ongoing projects

Mission:

The Buriticá project, implemented by the company Continental Gold, is considered by various public and private actors as the current most important project within the Colombian gold mining sector, with estimations showing that it will alone double the gold production of the country. The challenges imposed by the exploitation of natural resources, as well as the local and national contexts that surround this type of activity, require that the operation of this gold mine be carried out according to the highest operational, environmental and social international standards.

Within this framework, Insuco was solicited to elaborate a feasibility study regarding the development of a pool of local providers as the first step in establishing a sustainable relationship between local enterprises and Continental Gold, in order to meet the needs of the company and support the economic development of the area where it is established.

Insuco implemented the following activities:

Phase 1 of the project:

• Review of available secondary information
• Definition of the variables allowing the evaluation of the feasibility of the pool of local providers
• On the basis of these variables, evaluation of the feasibility of the project, accompanied by an analysis of risks and opportunities
• Elaboration of a proposal for alternative scenarios to the project of developing a pool of local providers

Phase 2 of the project:

• Identification of companies to be prioritized
• Analysis of the maturity of the companies to be prioritized
• Update of the business plans of these companies 

Results:

The following deliverables were provided to the client:

• A synthesis document that analyses the success stories of similar projects at the regional level and in relation to the variables identified as priorities;
• A feasibility study of the pool of local providers that integrates an assessment of its alignment with the objectives of the Higabra Integral local development strategy and the needs of the mining company;
• A risk/benefit matrix that compares this option with two alternative models;
• A feasibility study of the enterprises that could compose the pool;
• A report that demonstrates the relationship between the development of the pool of local providers and the implementation of a strategy to avoid involuntary resettlement;
• A monitoring and evaluation protocol;
• A conceptual plan on the infrastructure and investments required to develop the pool of local providers.