MPX to open Colombian subsidiary

The Brazilian company MPX Energia has announced that its
Colombian subsidiary is to start production at four mines and
set up a port facility for the distribution of coal. It has
reserves of 1.74 billion tonnes of coal, with production due to
start in 2012 and reach 15mt (million tonnes) annually by 2021.
The port, which will be located 150 kilometres distant, will
cover an area of 521 hectares. It is due to commence
operations in late 2013, which means that initial consignments
will have to use the existing ports of Santa Marta and Cienaga
to supply plants in Brazil in Chile.
In terms of logistics, initially road transport will allow 7mt
of coal to be transported by 2015. Thereafter the new rail
connection will allow the port to reach its maximum capacity