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Drummond Company, Inc.

Company Detail

Description

US-based Drummond is principally engaged in the mining, processing and sale of coal and coal derivatives. The company began production in Colombia in 1995 and exports all of its output as thermal coal. The firm has proven and probable reserves of approximately 1.9Bt, and current production is approximately 25Mt/y. The company's Colombian operation includes the Mina Pribbenow and El Descanso open-pit coal mines located in the Cesar Coal Basin near La Loma; Puerto Drummond, a deep-water ocean port on the Caribbean Sea near Santa Marta; and coal transportation and handling facilities. In June 2011, the company entered into a partnership with Japanese conglomerate Itochu to create a new company, Drummond International, that will own and operate the assets. Drummond was founded in 1935 and is based in Birmingham, Alabama

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