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Colombian Coal Output in Q1 Shrinks by 7%

Coal News - Published on Fri, 22 May 2020

Image Source: Colombia Coal
Reuters reported that Coal production in Colombia, the world’s fifth-largest coal exporter, fell 7.2% in the first quarter because of low prices and coronavirus quarantine measures. The South American country produced 19.4 million tonnes of the fuel between January and March, compared with output of 20.9 million tonnes in the same period in 2019. More than two months of coronavirus lockdown began in the country in March. Though coal mining was exempt from a full shutdown, many mines reduced operations at least initially.

Coal is fundamental for job creation, investment and income in the country, the statement added. Colombia produced 82.2 million tonnes of coal in 2019. Major players in the coal industry include Cerrejon, jointly owned by BHP Group, Anglo American Plc and Glencore Plc, Drummond and Prodeco, which is a unit of Glencore.

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Posted By : Yogender Pancholi on Fri, 22 May 2020
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