Collective Mining (TSXV:CNL) announced that it has signed an agreement with the Caldas Coffee Growers Committee and the municipalities of Supia and Marmato to jointly expand the program that helps to improve the quality of life of coffee growers and their families in Caldas. This alliance will benefit 1,652 coffee growers and their families as well as members of local communities. 

The Committee is part of the National Federation of Coffee Growers of Colombia, a highly influential institution in Colombian agriculture that is responsible for overseeing the development of the country’s coffee industry. 

Due to the success of the first program that took place in 2021, the parties involved in the alliance decided to expand the program and its activities under the terms of the previous agreement. Among the changes they made to the program was to expand the partnership to Marmato, one of the three municipalities that comprise the company’s projects. 

Carlos Yesid Castro Marin, Mayor of Marmato, commented: “We are pleased to be part of this collaborative agreement and have the support of Collective Mining who articulated the initiative for the benefit of our mining communities”.

Collective Mining will contribute 32% of the total investment of the accumulated funds of the members of the strategic alliance, accumulated at $420,000 by 2022.

Marco Antonio Londoño Zuluaga, Mayor of Supía stated: “This is a very important step to promote sustainable development with the inclusion of mining activity. This project demonstrates that respectful and responsible mining is possible”.

These funds will be used to improve local infrastructure and coffee production by building aqueducts for the villages of Hojas Anchas and La Bodega.

Omar Ossma, CEO and President of Collective stated: “Caldas is the second largest coffee producing department in the country and it is well known as one of the traditional coffee regions in Colombia. Supporting the coffee industry and improving access to water for local communities are two pillars of our ESG strategy for 2022. This alliance aims to contribute to social development in the Caldas region while we keep our promise to create value and share it with the people where we explore our projects.”

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.