La Francia Mine

From Global Energy Monitor

[español]

This article is part of the Global Coal Mine Tracker, a project of Global Energy Monitor.
Sub-articles:
Related-articles:

The La Francia Mine is a thermal coal mine owned and operated by Colombian Natural Resources (CNR) in El Paso, Cesar, Colombia. The mine previously produced more than 4 million tonnes per annum, but as of August 2020, has suspended operations indefinitely.[1][2]

Location

The satellite photo below shows the location of the mine in El Paso, Cesar, Colombia.

Loading map...

Background

The La Francia mine is owned by CNR (Colombian Natural Resources), a subsidiary of Murray Energy.[2] Murray Energy purchased the mine in 2015 from Goldman Sachs[3], who in turn had acquired it from Coalcorp in 2010.[4][5] In selling its Colombian coal mining assets, Goldman Sachs cited "operational issues," which various news sources reported to include labor disputes, protests, legal challenges and more restrictive environmental regulations that had forced repeated shutdowns at the mine in recent years.[5][6][7] Goldman reportedly sold the mine for less than $10 million despite having paid $151 million for it five years prior.[3]

In 2019 the mine produced 4.1 million tons of thermal coal, or roughly 2% of Colombia's national production for the year. [2] However, in July 2020 CNR suspended operations at both the La Francia mine and its El Hatillo mine due to low coal prices, declining demand, narrow margins and disruptions caused by the global coronavirus pandemic.[1][2] As of August 2020, the owners reportedly hoped to resume operations in January 2021.[2]

Project Details

  • Sponsor: CNR (Colombian Natural Resources)
  • Parent Company: Murray Energy
  • Location: El Paso, Cesar, Colombia
  • GPS Coordinates: 9.652258, -73.534805 (exact)
  • Status: Mothballed (2020)[1][2]
  • Production Capacity: 4.1 million tonnes per annum[2]
  • Total Resource:
  • Mineable Reserves:
  • Coal type:
  • Mine Size:
  • Mine Type: Surface (open pit)[8]
  • Start Year:
  • Source of Financing:

Articles and resources

Related GEM.wiki articles

References

  1. 1.0 1.1 1.2 "Dos minas de carbón suspenden operaciones de explotación en el Cesar". Confidencial Colombia. 2020-08-06.
  2. 2.0 2.1 2.2 2.3 2.4 2.5 2.6 "Colombian coal firm CNR halts production". Argus Media. 2020-08-07.
  3. 3.0 3.1 "Goldman Sachs Sells Colombian Coal Mines to Murray Energy". Wall Street Journal. August 13, 2015.
  4. "La Francia, mina de carbón que lleva 7 meses paralizada". Portafolio. August 26, 2013.
  5. 5.0 5.1 "Goldman sells Colombia coal unit, ending physical commodity forays". CNBC. 2015-08-14.
  6. "Goldman Sachs in Talks to Sell Its Coal Mines". Wall Street Journal. May 3, 2015.
  7. "Después de ocho meses, La Francia volvió a CNR". El Pilón. 2013-09-23.
  8. "Voladura mineria cielo abierto mina francia colombia". YouTube. November 2, 2019.

External resources

External articles