Papayal Mine
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Papayal Mine is a proposed coal mine near the populated place of Papayal in the Barrancas region which is part of the La Guajira department of Colombia.
Contents
Location
The satellite photo below shows the approximate location of the Papayal mine, located near the populated place of Papayal, Barrancas, Departamento de La Guajira, Colombia.
Background
Initially, the coal mine was proposed by MPX Colombia, a subsidiary of MPX Energia SA which in turn was a subsidiary of the diversified EBX Group.[1][2] MPX Colombia stated that the Environmental Impact Study (EIA) and the Engineering and Operating Plan were being prepared "and are expected to be filed by" quarter one of 2011.[2] However, financial downturns of former owner and Brazilian billionaire Eike Batista[3] prevented that from happening. The initial business plan called for 3 open-cast mines, Papayal, Cañaverales, and San Benito as well as an underground mine in San Juan. A third-party surveyor identified 144 million tons of reserves and resources with potential for open-cast mining in the proposed areas.[1] After the Sept. 2016 purchase of the CCX coal mine project from the Brazilian EBX group, Yildirim Holding rebranded the project under the company name "The Best Coal Company" (BCC).[4]
According to Yildirim's 2016 annual report, BBC drilled a total of 114,000 meters between Papayal, Cañaverales and San Juan in 2016 for "mineral research, exploration, and geotechnical studies."[4] Analysts said in 2018 that they expect Yildirim to bring the mine "online' in 2021.[5]
Project Details
- Owner: The Best Coal Company[4]
- Parent company: Yildirim Holding A.S.[4]
- Location: Papayal, Barrancas, Departamento de La Guajira, Colombia
- GPS coordinates: 10.99646, -72.7765
- Mine status: proposed
- Start year: 2021 (estimated)[5]
- Mineable reserves: 15.6 million tons[6]
- Coal type:
- Mine size:
- Mine type: Surface[7]
- Production: 2.5 million tons per annum (estimated) [7]
- Additional proposed production:
- Equipment:
- Number of employees:
Articles and resources
References
- ↑ 1.0 1.1 MPX ENERGIA S.A. MPX Releases MPX Colombia's Business Plan With 1.74 Billion in Potential Coal Resources and a 20 Mty Integrated Mining System globenewswire.com, March 6, 2010
- ↑ 2.0 2.1 MPX "MPX Portfolio", MPX website, accessed February 2011.
- ↑ Samantha Pearson Eike Batista sells Colombia mining assets Financial Times, Oct. 30, 2013
- ↑ 4.0 4.1 4.2 4.3 Yildirim Group of Companies 2017 Goals and Expectations 2016 Annual Report, accessed Nov. 4, 2019
- ↑ 5.0 5.1 Wood Mackenzie Papayal coal mine Asset Report summary, August 30, 2018
- ↑ Sabrina Lorenzi and Patricio Abusleme Brazilian CCX negotiates sale of coal mines in Colombia for 75 mln dlrs Reuters, Sept 16, 2013
- ↑ 7.0 7.1 Enrique Saez Translation: The sale of CCX assets in Colombia does not prosper, Original: No prospera la venta de activos de CCX en Colombia minería pan-americana, Oct 6, 2014
