MARKETS

Drummond ops reopen after fatality, protest

US-HEADQUARTERED Drummond Coal has reportedly restarted production at its Colombian operations af...

Donna Schmidt
Drummond ops reopen after fatality, protest

On Wednesday, Sintramienergetica union president Raul Sosa told Bloomberg the El Descanso and Pribbenow mines in northern Colombia were closed after protesters arrived, though no local media outlets confirmed the cause of the fatality that led to the demonstration or at which mine the death had occurred.

“The protest was lifted last night (Tuesday) and shifts began," Sintramienergetica senior member Stevenson Avila told Reuters.

The company did not release a public statement on Wednesday on the fatality or the resulting rally.

Alabama-based Drummond, Colombia’s second-largest producer, is projecting a 14% jump in production year-on-year in 2011 to 25 million tonnes.

It is also currently investing in El Descanso to expand its output from 3Mt per annum to 25Mtpa.

In a report late on Tuesday, Reuters said Drummond’s exports would likely not see an impact because of the short duration of the protests and since the producer stockpiled its output.

Drummond teamed with Japanese firm Itochu in a $1.5 billion deal in June that gave the latter a 20% stake in a new entity, Drummond International.

Drummond will retain an 80% interest in the joint venture.

Colombia is the world’s fourth-largest exporter and its primary producers include Drummond, Glencore and the Cerrejon JV.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production