Coal Project in Colombia
In 2011, ITOCHU acquired a 20% equity stake in Drummond International LLC (headquarters: Alabama, United States) through ITOCHU Coal Americas Inc. Drummond owns coal mines and infrastructure in Colombia for producing, transporting and selling coal.
Drummond commenced coal production in Colombia in 1995 and owns transport infrastructure and its own port facilities. Colombian thermal coal has high calorific value, but low sulfur and ash. We produce this high-quality coal at low cost, securing stable sales all over the world, including Europe, the Americas, and Asia, where demand is expanding.
Together with ITOCHU since 2011, Drummond has purchased additional mining equipment, modernized the rail system, and expanded its port. Boasting an annual production and sales volume of 32 million tons , 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 supporting industry development. At the same time, we promote a range of social contribution activities, aiming to prosper together with the local community over the long term.
ITOCHU will continue to maximize the profits of its Colombian coal mine business and proactively promote this coal on global markets, mainly in Japan, to which ITOCHU has been granted exclusive marketing rights.