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Annual Report 2010 - Verein der Kohlenimporteure eV

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Exports<br />

Colombia managed to increase its exports, according<br />

<br />

<br />

tonne goal, because of poor weather. Colombia was<br />

nevertheless able to hold on to its status as the fourth<br />

largest seaborne coal exporting nation. The increase in<br />

exports from Prodeco/Carbones De la Jagua of almost<br />

35% or 3.1 million tonnes is notable. These mines were<br />

purchased in <strong>2010</strong> by Glencore having exercised its<br />

option to buy back the mines from Xstrata. Glencore<br />

plans to increase annual production from the Prodeco<br />

mine from its current 10 million tonnes/a to over 20<br />

million tonnes/a in 2015.<br />

Colombian coal goes primarily to the Atlantic market.<br />

Of the total exports of steam coal, about 13 Mt went<br />

to the Pacific region and about 56 Mt to the Atlantic<br />

region. Exports to Europe stagnated at 38.1 Mt while<br />

exports to Germany were up by 46% or 2.4 Mt to a total<br />

<br />

terms. More than 8 Mt of hard coal were exported for<br />

the first time to China, Taiwan and South Korea in <strong>2010</strong>.<br />

In contrast, exports to the USA declined by 2.8 Mt.<br />

The lion’s share of exports, at 31.5 Mt, comes from the<br />

Cerrejon opencast mine in the province of La Guajira,<br />

followed by Drummond with 22.5 Mt from its opencast<br />

mine in the neighbouring Cesar district.<br />

Steam Coal Exports – Structure of Colombia<br />

2008<br />

Mt<br />

2009<br />

Mt<br />

<strong>2010</strong><br />

Mt<br />

America 34.3 24.5 22.3<br />

North America (USA + Canada) 24.2 16.0 13.1<br />

South and Central America 10.1 8.5 9.2<br />

Asia --- --- 8.8<br />

Europe 34.4 38.9 38.1<br />

Mediterranean Region 11.2 10.5 11.3<br />

North West Europe 23.2 28.4 26.8<br />

Total<br />

LB-T24<br />

68.7 63.4 69.2<br />

Smaller quantities of coking coal and coke are not<br />

included in these export figures.<br />

Key Figures Colombia<br />

2008<br />

Mt<br />

2009<br />

Mt<br />

<strong>2010</strong><br />

Mt<br />

Hard Coal Production 73.0 70.0 75.1 1)<br />

Hard Coal Exports<br />

Steam Coal<br />

Coking Coal<br />

69.3<br />

68.7<br />

0.6<br />

66.3<br />

63.4<br />

2.9<br />

72.7<br />

69.2<br />

3.5<br />

Imports to Germany 5.8 5.2 7.6<br />

Export Rate in % 95 95 97<br />

1) <br />

LB-T25<br />

Infrastructure<br />

The already extensive infrastructure for the transport<br />

and export of coal is currently being expanded and<br />

reviewed. Most coal is transported by train to the<br />

<br />

<br />

whose tracks the coal from the Cesar mining region is<br />

transported, has changed. A series of producers, among<br />

them Coalcorp, Caribe (Vale) and Prodeco acquired<br />

shares in the railway, ending Drummond’s sole access<br />

to its capacity.<br />

At the smaller sea ports, capacities were increased<br />

slightly, although they were not fully used. A consortium<br />

of mine operators un<strong>der</strong> the lea<strong>der</strong>ship of Prodeco<br />

participated in the construction of Puerto Nuevo, a new<br />

coal terminal with a transhipping capacity of 30 Mtpa<br />

including direct boat loading.<br />

In the long term, the expansion of the Panama Canal,<br />

now un<strong>der</strong>way and planned for completion by 2014,<br />

is of major significance for Colombian exporters. This<br />

expansion is perceived as the key to increasing exports<br />

to the Pacific region. It will make it possible for smaller<br />

Capesize vessels to go through the canal instead of<br />

sailing around the Cape of Good Hope, as in the past.<br />

75

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