Colombian Miners to Make Major Port Investment



The three major Colombian coal operators plan port upgrades. The largest coal producer, El Cerrejón,
exports through Puerto Bolivar. (Photo courtesy of El Cerrejón)
Several major Colombain coal operators have reported progress on expanding port facilities, which is essential to meet their goals of growing production to 120 million metric tons per year (mt/y) in two years, according to La Republica. This year, Drummond, Cerrejón and Prodeco will invest more than $1.3 billion in construc-tion projects and material handling upgrades. According to Alfonso Saade, executive director of Fenalcarbon, by 2030 the mines located in regions such as Cesar and La Guajira plan to produce as much as 200 million mt/y. Saade believes the exist-ing investment allocated to ports and gen-eral facilities will generate enough confi-dence for Colombia to achieve its goals in terms of future production.

Augusto Jiménez, president of Drum-mond Colombia, said the main works to construct the port facilities have already started. These works will allow the compa-ny to load the coal directly into ships instead of transloading. The $450 million project is expected to be completed by 2013. In addition to increasing exports, Jiménez said the projects would also strive to minimize the emissions.


As featured in Womp 2012 Vol 05 - www.womp-int.com