The Inter-American Development Bank, IDB, approved a $15 million credit loan for Colombia's National Logistics Policy. With this, the government seeks to improve the supply logistics of specialised services - mainly for agricultural logistic chains.
Authorities plan to award five copper exploration blocks by the end of June in Cordoba and La Guajira provinces, where much of Colombia’s coal is mined. U.S. and Canadian juniors, as well as firms already operating locally, are leading the interest, Mines and Energy Minister Diego Mesa said.
While Colombian coal production may not get back to previous levels of more than 80 million tons a year, it could return to 65 million to 70 million this year, said the minister of Energy Diego Mesa. Drummond Co. is expected to increase Colombia output by about 5% or 6%, and the Cerrejon mine has resumed operations after a 91-day strike last year.