Amid high tax burdens, Drummond wants to return to 29 million tons of coal exported in 2026
José Miguel Linares, president of Drummond, states that beyond the political cycle, the coal mining company's bet is long-term. Photo: Drummond
TL;DR
- Drummond plans to export 29 million tons of coal this year, returning to levels seen two years prior.
- High fiscal burdens, with an 81% 'government take' in 2025, are reducing Colombian coal's international competitiveness.
- Asia remains the primary market for coal demand, with Europe showing increased demand due to rising energy prices.
- Colombian coal maintains a competitive edge due to its high calorific value and quality.
- The company is implementing intelligent monitoring systems and utilizing solar energy (Cañahuate I park) to improve efficiency and reduce costs.
- Drummond invested $146.077 billion in social programs in 2025 and contributed $2.1 trillion in royalties, taxes, and other contributions.
- Geopolitical conflicts and increased operational costs (diesel, lubricants, sea freight) are adding to the challenges.
- The company's long-term commitment to Colombia involves operational efficiency, strengthening international markets, and modern energy management.