25 October 2010

COLOMBIA: Santos Says Brasil And China Considering Massive Coal Infrastructure Investments.

REUTERS/
     President Juan Manuel Santos reports that China and Brazil are considering investments in coal infrastructure there to insure better access to resources.
     "The Brasilians have told me they want to make not only a railway but also a port in Carare because they're very interested in our metallurgical coal ... the Chinese are also interested in our metallurgical coal," Santos said in a statement.
     A Carare railway project would link central producers of metallurgical coal with coastal ports.
    Colombia is currently the world's No. 5 coal exporter.
   There has been a five-fold increase in foreign investment in the nation, especially in oil and mining, since 2002.