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Colombian Thermal Coal Exports in May up by 32.3% - DANE

Coal News - Published on Tue, 16 Jul 2019

Image Source: Coal Shastra
Platts, citing the website of the government agency that tracks foreign trade, DANE, reported that Colombia exported a total of 9.336 million mt of coal during May, a 32.3% increase from the 7.055 million metric tonne shipped abroad in May of last year and a 32.1% positive jump from the 7.066 million mt sold overseas in April. It collected a total of USD 738.89 million for its coal sales abroad in May, a 30% increase from the USD 568.36 million billed in May of 2018, and a 21.7% improvement from the USD 607.26 million in coal export receipts in April. But the Colombian Mining Association, known by its Spanish initials ACM, has warned that the industry faces competitive pressures in addition to the havoc wrought by the recent decline in global coal prices caused partly by global-warming concerns. The group, the largest mining trade guild in Colombia, said the more telling statistic from DANE is the year-to-date total for volume exports, which is off 15.2 from the same period last year.

From January through May, Colombia exported 33.834 million metric tonne of coal, down from 39.892 million metric tonne over the same five-month period in 2018. Export receipts for the period totaled USD 2.877 billion, down 12.4% from the USD 3.282 billion collected over the year ago period.

ACM statement said that Colombia, which ranks among the top half dozen coal exporters in the world, is suffering from relatively onerous set of legal restrictions and issues, particularly environmental rules, as well as territorial claims from displaced citizens and requirements that compel mining firms to contribute to community development.

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Posted By : Sanju Moirangthem on Tue, 16 Jul 2019
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