Coal, emeralds and construction materials saw increased production during the third quarter

Coal, emeralds and construction materials saw increased production during the third quarter

Ministry of Mines and Energy. ANM. Bogota D.C. November 27th, 2018. Official mineral production figures in Colombia corresponding to the third quarter of the year have shown important signs of sector stabilization. This is made evident by a report from the National Mining Agency, which indicates that most minerals saw increased production compared to the second quarter of this year, particularly coal, emeralds and construction materials. 

2018 has been a year of good coal prices. Regarding production, during the first quarter it reached 19.6 million tons, while the second quarter saw 19.8 million tons and, at this time, nearing the end of the third quarter, coal production in Colombia has reached 20.3 million tons, which is a 2.5% recovery when compared to the immediately preceding period.   

"Coal represents 16% of total valid mining titles in Colombia and 80% of the royalties for the mining sector, resources that lead to more public works and benefits regionwide. This industry contributes almost 130,000 direct formal jobs and it is the second export product in Colombia, after oil, representing 17% of the national total. Coal remains an important source of contributions to the economy and for public finances," said the Minister of Mines and Energy, Maria Fernanda Suarez.

Emeralds also shone and during the third quarter their production increased by 49%, going from 169,000 carats during the second quarter to 252,000. These are good results for an industry that has bet on sector formalization and international promotion, as key pieces for its growth and sustainability.

The other good news was provided by construction materials, a sector that despite facing important challenges with respect to informality has been able to solidify itself and boost the growth of a legal market. During the third quarter, they reached 846,000 cubic meters.    

Gold, after the steps taken and controls established by the National Government for its production and commercialization, has kept stabilizing and went from 9.4 tons during the second quarter of 2018 to 9 tons during this third report. The Government remains committed to gold production with a legal origin and for this purpose it has intensified the supervision and auditing processes throughout the commercialization chain.

"Within the National Government, we have designed a Reactivation Plan for the mining sector with very clear objectives. First, we will work with the environmental authority in order to carry out important procedures for the industry and thus increase mineral production as well as helping strategic national projects regarding mining affairs. Second, we will continue to bring information and dialogue to the territories. Third, we will move forward in order to implement the new Colombian Mining Registry as well as the modernization of different processes and information systems for the Agency. Acting under the premise of producing while preserving and preserving while producing, we are committed to a legally constituted project, which is key for regional development," said the President of the National Mining Agency, Silvana Habib Daza, who has also announced the implementation by the ANM of a new and modern control system for production that will enable a more efficient supervision, using cutting edge technology, which shall guarantee Colombians that there will be greater transparency during the extraction of mineral resources.

Finally, nickel saw a production of 23.6 million pounds, 5% less than in the second quarter. It is expected that before the end of the year there will be a recovery, restoring the behavior previously seen this during year and thus surpassing the production figure for 2017. 

Tuesday, November 27, 2018, Cundinamarca, Bogotá D.C., Source: MinMinas - ANM
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