Drummond Given Go Ahead to Clear El Descanso Site
Drummond and Colombia’s Environment
Ministry have agreed to terms to allow
mining to begin at the El Descanso Norte
site, which holds reserves of 1.8 billion
metric tons (mt), according to Argus Coal
Daily. Preparation work will begin soon,
with production starting next year.
Drummond will invest $1.5 billion in the
startup, along with the expansion of the
Atlantic Fenoco railway and in upgrading
Puerto Drummond. With the expansion,
the company plans to export up to 50 million
mt by 2010, compared with planned
exports of just 24.8 million mt this year.
As featured in Womp 08 Vol 7 - www.womp-int.com