Dubai Telegraph - Colombia to start recovering bounty from 18th-century shipwreck

EUR -
AED 4.183233
AFN 72.900796
ALL 91.877285
AMD 414.797448
ANG 2.039348
AOA 1045.665194
ARS 1736.794975
AUD 1.614555
AWG 2.050323
AZN 1.940938
BAM 1.955317
BBD 2.295033
BDT 140.215334
BGN 1.917554
BHD 0.429594
BIF 3432.051477
BMD 1.139068
BND 1.45584
BOB 13.964547
BRL 5.909605
BSD 1.139418
BTN 109.116023
BWP 15.516164
BYN 3.442749
BYR 22325.7403
BZD 2.291733
CAD 1.611725
CDF 2665.420428
CHF 0.943457
CLF 0.027745
CLP 1095.522249
CNY 7.646851
CNH 7.670833
COP 3814.157008
CRC 518.071915
CUC 1.139068
CUP 27.347239
CVE 110.237745
CZK 24.358299
DJF 202.909834
DKK 7.475483
DOP 67.763247
DZD 152.391449
EGP 59.13438
ERN 17.086026
ETB 184.850299
FJD 2.559772
FKP 0.859986
GBP 0.859642
GEL 2.97871
GGP 0.859986
GHS 13.234728
GIP 0.859986
GMD 83.725913
GNF 10021.522331
GTQ 8.701849
GYD 238.411056
HKD 8.934226
HNL 30.583439
HRK 7.533575
HTG 149.123132
HUF 365.202455
IDR 20405.384913
ILS 3.471949
IMP 0.859986
INR 109.142689
IQD 1492.730945
IRR 1565734.922454
ISK 136.984803
JEP 0.859986
JMD 180.27543
JOD 0.807645
JPY 179.158416
KES 147.67349
KGS 99.609484
KHR 4633.85435
KMF 493.217009
KPW 1025.161906
KRW 1543.648431
KWD 0.351563
KYD 0.949565
KZT 504.7852
LAK 25558.681004
LBP 102039.372314
LKR 376.226984
LRD 195.991544
LSL 18.590804
LTL 3.363373
LVL 0.689012
LYD 7.285199
MAD 10.934597
MDL 20.225999
MGA 5030.756222
MKD 61.55978
MMK 2391.810486
MNT 4098.584327
MOP 9.206124
MRU 45.840667
MUR 54.140351
MVR 17.599037
MWK 1975.811511
MXN 20.137822
MYR 4.640683
MZN 72.79829
NAD 18.590804
NGN 1510.837951
NIO 41.929634
NOK 10.830092
NPR 174.585836
NZD 1.992947
OMR 0.439191
PAB 1.139418
PEN 3.868244
PGK 5.076745
PHP 71.01754
PKR 315.746636
PLN 4.37146
PYG 6716.339487
QAR 4.153473
RON 5.27298
RSD 117.420969
RUB 96.076247
RWF 1684.083636
SAR 4.274755
SBD 9.11313
SCR 15.836085
SDG 685.153819
SEK 11.296996
SGD 1.45562
SHP 0.859999
SLE 28.078458
SLL 23885.685201
SOS 651.238991
SRD 42.905863
STD 23576.41575
STN 24.493944
SVC 9.970535
SYP 14810.167401
SZL 18.586405
THB 38.01645
TJS 10.511601
TMT 3.99813
TND 3.373266
TOP 2.742603
TRY 55.748859
TTD 7.750084
TWD 36.141163
TZS 3024.152324
UAH 51.024285
UGX 4462.896617
USD 1.139068
UYU 45.648714
UZS 13485.665874
VES 970.977713
VND 29588.440307
VUV 134.963505
WST 3.127488
XAF 655.957
XAG 0.017716
XAU 0.000265798393
XCD 3.07839
XCG 2.053592
XDR 0.80538
XOF 655.957
XPF 119.331742
YER 269.560946
ZAR 18.57165
ZMK 10252.986409
ZMW 22.227505
ZWL 366.779554
SSP 6507.032816
MXV 2.282055
  • RIO

    0.0900

    94.56

    +0.1%

  • AZN

    2.0200

    166.58

    +1.21%

  • NGG

    0.2600

    75.49

    +0.34%

  • BCC

    1.0400

    77.14

    +1.35%

  • GSK

    -0.4100

    49.24

    -0.83%

  • BCE

    -0.3300

    20.97

    -1.57%

  • CMSC

    -0.1100

    20.4

    -0.54%

  • JRI

    -0.1500

    11.02

    -1.36%

  • CMSD

    -0.0700

    20.3

    -0.34%

  • VOD

    0.1300

    16.62

    +0.78%

  • BTI

    -0.3900

    55.63

    -0.7%

  • RELX

    0.0100

    33.52

    +0.03%

  • RBGPF

    -0.5900

    65.4

    -0.9%

  • BP

    -0.2600

    44.15

    -0.59%

  • RYCEF

    -0.3600

    19.31

    -1.86%

Colombia to start recovering bounty from 18th-century shipwreck
Colombia to start recovering bounty from 18th-century shipwreck / Photo: Luis ACOSTA - AFP

Colombia to start recovering bounty from 18th-century shipwreck

Colombia's government on Friday announced an expedition to remove items of "incalculable value" from the wreck of the legendary San Jose Galleon, which sank in 1708 while laden with gold, silver and emeralds estimated to be worth billions of dollars.

Text size:

Culture Minister Juan David Correa told AFP that seven years after the discovery of the wreck off Colombia's coast, an underwater robot would be sent to recover some of its bounty.

Between April and May, the robot would extract some items from "the surface of the galleon" to see "how they materialize when they come out (of the water) and to understand what we can do" to recover the rest of the treasures, said Correa.

The operation will cost more than $4.5 million and the robot will work at a depth of 600 meters to remove items such as ceramics, pieces of wood and shells "without modifying or damaging the wreck," Correa told AFP aboard a large naval ship.

The location of the expedition is being kept secret to protect what is considered one of the greatest archaeological finds in history from malicious treasure hunters.

The San Jose galleon was owned by the Spanish crown when it was sunk by the British navy near Cartagena in 1708. Only a handful of its 600-strong crew survived.

The ship had been heading back from the New World to the court of King Philip V of Spain, laden with treasures such as chests of emeralds and some 200 tons of gold coins.

Before Colombia announced the discovery in 2015, it was long sought after by treasure hunters.

- Who gets the loot? -

The discovery of the galleon sparked a tug-of-war over who gets custody of its bounty.

Spain insists that the bounty is theirs since it was aboard a Spanish ship, while Bolivia's Qhara Qhara nation says it should get the treasures as the Spanish forced the community's people to mine the precious metals.

Since Thursday, Spain's ambassador to Colombia Joaquin de Aristegui, and representatives of Bolivia's Indigenous people have been taking part in a symposium with experts to discuss the best way to access the treasure.

The government of leftist president Gustavo Petro, in power since 2022, wants to use the country's own resources to recover the wreck and ensure it remains in Colombia.

De Aristegui said he has instructions to offer Colombia a "bilateral agreement" on the protection of the wreck.

Correa said Bolivia's Indigenous people have expressed their willingness to work with Petro's government.

The idea is "to stop considering that we are dealing with a treasure that we have to fight for as if we were in colonial times, with the pirates who disputed these territories," he added.

The expedition to start recovering the shipwreck's trove comes as a case is underway at the UN's Permanent Court of Arbitration between Colombia and the US-based salvage company Sea Search Armada -- which claims it found the wreck first over 40 years ago.

The company is demanding $10 billion dollars, half the wreck's estimated value today.

S.Mohideen--DT