Standard Post with Image

Colombia's Coal production up 34 Percent

Colombia produced 24.5Mt of coal in the first quarter of 2014, a 34 Percent  year-on-year increase, according to local press reports. The growth came despite the operations of the country's second biggest coal miner, Drummond, being suspended for almost three months, Colombia's mines and energy ministry said.

The Alabama-based mining company failed to meet new environmental standards tied to the completion of a US$350mn direct loading facility at its Ciénaga port on the Caribbean Sea. The government banned the use of large coal barges, a measure that came into effect on January 1, before Drummond had the loading facility ready.

The country saw 13.8t of gold (445,551oz) produced in 1Q14. Full-year gold production in 2013 totaled 55.7t. Quarterly silver production totaled 3.35t while platinum output reached 248t.

Source-On Request