Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Colombia coal production and exports jump in 2011

Steel News - Published on Mon, 20 Feb 2012

Colombia\'s coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose 16 percent to 79.2 million tonnes.

Colombia\'s coal industry is dominated by big producers, with their own port and railways, such as Glencore, Drummond and Cerrejon, which is owned equally by BHP Billiton, Anglo American and Xstrata.

The world\'s No 4 coal exporter is experiencing a boom in investment into the petroleum and mining sectors thanks to a US funded security crackdown on illegal armed groups that has made it safer to explore and mine.

Colombia\'s No. 2 coal exporter Drummond saw output at its La Loma and El Descanso mines increase 9.5% to 23 million tonnes last year versus 2010.

Output at Glencore\'s Prodeco unit went up 44% to 14.38 million tonnes in 2011 versus 2010.

Production in the Guajira state where Cerrejon, the country\'s largest exporter, has four of five licenses to mine increased 7% to 33.3 million tonnes in the same period.

The top three producers export almost all their output. The main markets for Colombia\'s coveted coal are the United States and Europe although exporters have made shipments to Asia depending on the cost of freight.

The regulator did not give a reason for output changes, but all major thermal producers are currently expanding their mines and infrastructure in Latin America\'s top coal exporter.

Colombia mining minister has said that Colombia\'s coal production is expected to reach 97 million tonnes this year.

Production at Vale\'s mines rose 19.4% to 3.57 million tonnes last year while output at Goldman Sachs\' Colombian Natural Resources increased 58% to 2.39 million tonnes.

(Sourced from colombiareports.com)

Posted By : admin on Mon, 20 Feb 2012
Related News from Steel segment