Latin America is not well known for its coal production, in particular
export coal. Colombia is the only significant producer, followed by minor
production from Venezuela, Brazil, Chile and
Argentina. Venezuela is a relatively
recent newcomer to the coal production scene in Latin America. It aims to
produce coal for the export market. The potential for Venezuela appears good,
with good quality coal and good infrastructure.
Anglo Coal, Glencore and BHP Billiotn have formed a consortium that has acquired several major coal facilities in Colombia.
Carbozulia is Venezuela’s main coal producer and has recently acquired
foreign investment in Shell / Ruhrkole / Inter American Cola NV in developing
coal reserves in northwestern Venezuela.
