Released on: October 28, 2007, 6:12 am

Press Release Author: invest-biz.info

Industry: Financial

Press Release Summary: Ovetii, the Athens based financial group are said to be
paying close attention to the mining situation in Colombia.

Press Release Body: According to a source, analysts at Ovetii have found that
Colombia offers a favorable investment climate with legal and financial incentives
for mining companies, protection for foreign investment and continued macroeconomic
stability.
In addition to this Colombia has maintained a sustained growth rate, stable
democracy and secure work environment. The country has seen 50 years of consistent
growth and development, including a 6.8% economic growth increase in 2006.
It seems that Ovetii has, after extensive research, found that Colombia is among
South America's largest recorded gold producers, yielding 125 million ounces. Also
noted is the fact that, because there has been minimal investment in the gold mining
industry over the past thirty years, the country remains largely unexplored.
With prices for both precious and base metals currently in the fourth year of a
strong sector bull market, Latin America has become an increasingly popular playing
field. The rise in revenues from established metals mining in the Latin America
region has been exponential.


Web Site: http://www.ovetii.com

Contact Details: 67/4, Posidonos Avenue.
16674 Glyfada
Athens
Greece