Colombia coal miner Drummond saw exports rise 6% in 2021

  • 1/13/2022
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BOGOTA, Jan 13 (Reuters) - Colombian coal miner Drummond (DRMND.UL) saw exports of the fossil fuel rise 6% in 2021 on the previous year, when the company faced difficulties amid the coronavirus pandemic, it said in a statement on Thursday. The mining company saw coal exports rise to 31. 5 million tonnes in 2021, up from 29.7 million tonnes in the previous year, the company said. Colombia is a major global exporter of coal, which represents an important source of income for the Andean country. In 2020, coal production fell 40% to 49.5 million tonnes amid the spread of the pandemic and a 91-day strike at a major mine in the north of the country. Colombia"s government has not yet reported 2021 production figures but previously forecast coal output for last year would finish 10% higher than in 2020. In 2021 Drummond"s operations generated $368.2 million in royalties for Colombia, as well as $238 million in taxes, fees and contributions, the company said.

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