INTERNATIONAL COAL NEWS

Colombia exports crash in October: officials

COAL exports from Colombia in October slipped by nearly a quarter, potentially a result of the la...

Donna Schmidt

This article is 12 years old. Images might not display.

The National Administrative Department of Statistics of Colombia, known as DANE, said that October exports were 6.35 million metric tonnes, a drop of nearly 25% year on year.

The total also came in 22.7% lower than September, the year’s high, of 8.22Mt.

DANE also said that export sales volumes, free-on-board, were $US555.8 million – down nearly 33% over the comparable period in 2012. It is the lowest value the country has seen in four months.

Year-to-date through the end of October, Colombian exports fell about 7% year-on-year to about 61Mt, and prices were down almost 20% to $5.3 million FOB.

Worker strikes, rebel sabotage and other issues have riddled the country’s coal sector throughout the year, including two walkoffs by the Andean nation’s biggest producers.

In November, Mines and Energy minister Amylkar Acosta announced 2013 coal production would miss the 94Mt goal is had set. It projected approximately 85Mt, a drop from the 89Mt it produced last year.

Colombia’s down year will also have a particularly significant impact on the private sector and the royalty-dependent Colombian government.

Colombian coal shipments account for 12% of the country's total exports, according to national data. In addition to being South America’s largest coal producer, the country is also the fourth-largest coal exporter in the world.

TOPICS:

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Automation and Digitalisation Insights 2025

Discover how mining companies and investors are adopting, deploying and evaluating new technologies.

editions

Mining IQ Exploration Insights 2025

Gain exclusive insights into the world of exploration in a comprehensive review of the top trending technologies, intercepts, discoveries and more.

editions

Future Fleets Insights 2025

Mining IQ Future Fleets Insights 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions