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In the decade of the 50’s, Miguel Francisco Cardenas initiated exploring and extracting metallurgical coal in the “Chorrera” and “Loma redonda” zones of Samaca, Boyaca, consolidating himself as one of the most renowned coal businessmen of the region in terms of quality and volume. Miguel Francisco established a commercial relationship with Acerias Paz del Rio, one of the most important steel working companies in Colombia which is active to this date.
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