Construction is set to commence later this year and be completed by 2013, with production progressively ramping up to 40 million mtpy by 2015.
The approved project will require expansion of the mine and coal handling facilities, and the construction of an additional loading berth at the port.
One of the largest coal deposits in the world, Cerrejón has a resource base of approximately 5 billion mt, of which 2.1 billion mt are currently at a measured and indicated export quality status.
Cerrejón is an integrated mining and transport complex in La Guajira, a department in the northernmost section of Colombia. It includes a thermal coal open-pit mine, a 150-km railroad and a maritime port able to receive ships of up to 180,000 dwt.