Coal Project in Colombia
In 2011, ITOCHU acquired a 20% equity stake in Drummond International LLC (headquarters: Alabama, United States) which owns coal mines and infrastructures in Colombia for production, transportation and sales of coal through ITOCHU Coal Americas Inc.
Drummond commenced coal production in Colombia in 1995. The company owns transportation infrastructures and its own port facilities. Colombian thermal coal has high calorific value, low sulfur and low ash content. We produce this high-quality coal at low cost, securing stable supply to all over the world including Europe, the Americas, and Asia where demand is expanding.
Even after ITOCHU had joined since 2011, Drummond has strengthened mining equipment, modernized rail systems, and expanded its port. Boasting an annual production and sales volume of 32 million tonnes, Drummond is the largest coal supplier in Colombia.
In addition to promoting exports through the coal mining business, we contribute to Colombia's economic development on several fronts, such as job creation and industry development support. At the same time, we promote a range of social contribution activities, aiming to prosper together with the local communities over the long term.
ITOCHU will continue to maximize profits of its Colombian coal mining business and proactively promote this coal on global markets, mainly in Japan where ITOCHU has been granted exclusive marketing rights.