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Colombia's Coal Output Down YoY in Q2 2019

Coal News - Published on Mon, 09 Sep 2019

Image Source: mining.com
Reuters reported that Colombia, the world's fifth-largest exporter of coal, produced 18.9 million tonnes of the fuel in the second quarter, down 4.5% from the same period in 2018. Coal production in the South American country was 19.8 million tonnes between April and June last year. Leading coal companies have forecast that production and exports are likely to remain stable in 2019. The Andean country produced 84.3 million tonnes over the course of 2018.

However, coal is the second-largest generator of foreign exchange in Colombia, behind oil, and its top mining export. The country is attempting to diversify its mining output with more formal investment in gold, copper and emerald projects.

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Posted By : Rabi Wangkhem on Mon, 09 Sep 2019
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