Uranium

After the increase in oil prices in 1973, several European countries increased their power programs. As a result some uranium mining companies from the FRG, Spain and France invested in exploration of radioactive minerals in Colombia hoping to find uranium resources needed to fuel European reactors. In the article a historic review of foreign investment in uranium in Colombia is made; some recommendations about joint-venture contracts used to regulate the work of the foreign companies are included. The four companies involved in exploration left the country in the early eighties, due to the difficulties in finding a large deposit and the difficult world situation of nuclear power