Sections
| Title | Starting Page | Number of Pages |
|---|
| Table of Contents | 3 | 5 |
| List of Tables | 6 | 1 |
| List of Figures | 7 | 1 |
| Introduction | 8 | 1 |
| GBI Research Report Guidance | 8 | 1 |
| South and Central America, Coal Mining Industry | 9 | 1 |
| South and Central America Coal Mining Industry Drivers and Restraints | 10 | 1 |
| South and Central America Coal Mining Industry Drivers | 10 | 1 |
| Locational Advantage Encourages Production and Export | 10 | 1 |
| Potential Demand from Asian Markets | 10 | 1 |
| Relatively High Grade Coal Reserves | 10 | 1 |
| South and Central America Coal Mining Industry Restraints | 10 | 1 |
| Environmental Regulations in the US and Europe Likely to Cause Coal-Fired Power Plant Shut-Downs | 10 | 1 |
| South and Central America Coal Mining Industry Production, Reserves, Consumption and Trade | 11 | 9 |
| South and Central America Coal Mining Industry Total Production | 11 | 2 |
| South and Central America Coal Mining Industry South and Central America Production vs. Global Production | 13 | 1 |
| South and Central America Coal Mining Industry Total Production by Country | 13 | 1 |
| South and Central America Coal Mining Industry Total Reserves | 14 | 1 |
| South and Central America Coal Mining Industry South and Central America Reserves vs. Global Reserves | 15 | 1 |
| South and Central America Coal Mining Industry Total Reserves by Country | 15 | 1 |
| South and Central America Coal Mining Industry Total Consumption | 16 | 2 |
| South and Central America Coal Mining Industry South and Central America Consumption vs. Global Consumption | 18 | 1 |
| South and Central America Coal Mining Industry Total Consumption by Country | 19 | 1 |
| Colombia Coal Mining Industry | 20 | 15 |
| Colombia Coal Mining Industry Drivers and Restraints | 20 | 1 |
| Colombia Coal Mining Industry Drivers | 20 | 1 |
| Asian Markets, High Potential | 20 | 1 |
| Proximity to North America and Europe | 20 | 1 |
| Colombia Coal Mining Industry Restraints | 20 | 1 |
| Falling Exports to US and Europe | 20 | 1 |
| Poor Infrastructure | 20 | 1 |
| Colombia Coal Mining Industry Production, Reserves, Consumption and Trade | 21 | 1 |
| Colombia Coal Mining Industry Total Production | 21 | 2 |
| Colombia Coal Mining Industry Colombia Production vs. South and Central America Production | 23 | 1 |
| Colombia Coal Mining Industry Total Reserves | 24 | 1 |
| Colombia Coal Mining Industry Colombia Reserves vs. South and Central America Reserves | 25 | 1 |
| Colombia Coal Mining Industry Total Consumption | 26 | 2 |
| Colombia Coal Mining Industry Colombia Consumption vs. South and Central America Consumption | 28 | 1 |
| Colombia Coal Mining Industry Exports and Imports Scenario | 29 | 2 |
| Colombia Coal Mining Industry Export to Destination Countries | 31 | 1 |
| Colombia Coal Mining Industry - Fiscal Regime | 32 | 1 |
| Colombia, Governing and Licensing Authority | 32 | 1 |
| Colombia, Governing Law | 32 | 1 |
| Colombia, Rights and Obligations | 32 | 1 |
| Concession Agreement | 32 | 1 |
| Exploration | 32 | 1 |
| Construction | 32 | 1 |
| Exploitation | 32 | 1 |
| Obligations | 33 | 1 |
| Environmental License | 33 | 1 |
| Colombia, Termination and Cancellation of Rights | 33 | 1 |
| Termination | 33 | 1 |
| Cancellation | 33 | 1 |
| Colombia, Key Fiscal Terms | 33 | 1 |
| Surface Fee | 33 | 1 |
| Exploration | 33 | 1 |
| Construction | 33 | 1 |
| Royalty | 34 | 1 |
| Depreciation | 34 | 1 |
| Losses Carried Forward | 34 | 1 |
| Corporate Income Tax | 34 | 1 |
| Capital Gains Tax | 34 | 1 |
| Value Added Tax (VAT) | 34 | 1 |
| Withholding Tax | 34 | 1 |
| Mexico Coal Mining Industry | 35 | 14 |
| Mexico Coal Mining Industry Drivers and Restraints | 35 | 1 |
| Mexico Coal Mining Industry Drivers | 35 | 1 |
| Expansion of Coal-Fired Power Plants | 35 | 1 |
| Regulations and Governmental Assistance Promises Growth | 35 | 1 |
| Mexico Coal Mining Industry Restraints | 35 | 1 |
| Relatively Low Grade Coal Reserves | 35 | 1 |
| Concerns over Miners Safety | 35 | 1 |
| Mexico Coal Mining Industry Production, Reserves, Consumption and Trade | 36 | 1 |
| Mexico Coal Mining Industry Total Production | 36 | 2 |
| Mexico Coal Mining Industry Mexico Production vs. South and Central America Production | 38 | 1 |
| Mexico Coal Mining Industry Total Reserves | 39 | 1 |
| Mexico Coal Mining Industry Mexico Reserves vs. South and Central America Reserves | 40 | 1 |
| Mexico Coal Mining Industry Total Consumption | 41 | 2 |
| Mexico Coal Mining Industry Mexico Consumption vs. South and Central America Consumption | 43 | 1 |
| Mexico Coal Mining Industry Exports and Imports Scenario | 44 | 2 |
| Mexico Coal Mining Industry Import from Countries of Origin | 46 | 1 |
| Mexico, Coal Mining Industry Fiscal Regime | 47 | 1 |
| Mexico, Governing Bodies | 47 | 1 |
| Secretary of Economy (Secretaria de Economia) | 47 | 1 |
| Direccion General de Minas | 47 | 1 |
| The Mexican Mining Chamber (Camara Minera de Mexico-Camimex) | 47 | 1 |
| Mexico, Governing Law | 47 | 1 |
| Mexico, Key Fiscal Terms | 47 | 1 |
| Mining Royalty | 47 | 1 |
| Corporate Income Tax | 47 | 1 |
| Capital Gain Tax | 47 | 1 |
| Entrepreneurial Flat Tax IETU | 47 | 1 |
| Tax Incentive | 48 | 1 |
| Withholding Tax | 48 | 1 |
| Dividends | 48 | 1 |
| Interest | 48 | 1 |
| Royalties | 48 | 1 |
| Other Taxes | 48 | 1 |
| Real Estate Transfer Tax (RETT) | 48 | 1 |
| Real Estate Holding Tax (REHT) | 48 | 1 |
| Depreciation Rates | 48 | 1 |
| Loss Carry Forward | 48 | 1 |
| Value Added Tax | 48 | 1 |
| Brazil Coal Mining Industry | 49 | 18 |
| Brazil Coal Mining Industry Drivers and Restraints | 49 | 1 |
| Brazil Coal Mining Industry Drivers | 49 | 1 |
| Geological Potential | 49 | 1 |
| Increased Demand from End Users | 49 | 1 |
| Brazil Coal Mining Industry Restraints | 49 | 1 |
| Charcoal as a Potential Fuel to Replace Coal in Steel Manufacturing | 49 | 1 |
| Environmental Concern | 50 | 1 |
| Relatively Low Grade Coal Reserves | 50 | 1 |
| Brazil Coal Mining Industry Production, Reserves, Consumption and Trade | 51 | 1 |
| Brazil Coal Mining Industry Total Production | 51 | 2 |
| Brazil Coal Mining Industry Brazil Production vs. South and Central America Production | 53 | 1 |
| Brazil Coal Mining Industry Total Reserves | 54 | 1 |
| Brazil Coal Mining Industry Brazil Reserves vs. South and Central America Reserves | 55 | 1 |
| Brazil Coal Mining Industry Total Consumption | 56 | 2 |
| Brazil Coal Mining Industry Brazil Consumption vs. South and Central America Consumption | 58 | 1 |
| Brazil Coal Mining Industry Exports and Imports Scenario | 59 | 2 |
| Brazil Coal Mining Industry Import from Countries of Origin | 61 | 1 |
| Brazil Coal Mining Industry Fiscal Regime | 62 | 1 |
| Brazil, Governing Bodies | 62 | 1 |
| Ministry of Mines and Energy (MME) | 62 | 1 |
| National Energy Policy Council (CNPE) | 62 | 1 |
| National Department of Mineral Production (DNPM) | 62 | 1 |
| Brazil Geological Survey (CPRM) | 62 | 1 |
| Brazil, Governing Law | 62 | 1 |
| The Mining Code | 62 | 1 |
| Brazil, Mining Permits | 63 | 1 |
| Exploration Authorisation System | 63 | 1 |
| Environmental Impact Assessment (EIA) study for Mining Activities | 63 | 1 |
| Environmental Licensing for Mining Activities | 64 | 1 |
| Brazil, Mining Royalty | 64 | 1 |
| Brazil, Key Fiscal Terms | 64 | 1 |
| Corporate Income Tax | 64 | 1 |
| Withholding Tax | 64 | 1 |
| Annual Tax per Hectare | 65 | 1 |
| Depreciation Rates | 65 | 1 |
| Value Added Tax | 66 | 1 |
| Venezuela Coal Mining Industry | 67 | 15 |
| Venezuela Coal Mining Industry Drivers and Restraints | 67 | 1 |
| Venezuela Coal Mining Industry Drivers | 67 | 1 |
| High Grade Coal | 67 | 1 |
| Proximity to Ports and Foreign Investment | 67 | 1 |
| Venezuela Coal Mining Industry Restraints | 67 | 1 |
| Limited Demand from End Users | 67 | 1 |
| Venezuela Coal Mining Industry Production, Reserves, Consumption and Trade | 68 | 1 |
| Venezuela Coal Mining Industry Total Production | 68 | 2 |
| Venezuela Coal Mining Industry Venezuela Production vs. South and Central America Production | 70 | 1 |
| Venezuela Coal Mining Industry Total Reserves | 71 | 1 |
| Venezuela Coal Mining Industry Venezuela Reserves vs. South and Central America Reserves | 72 | 1 |
| Venezuela Coal Mining Industry Total Consumption | 73 | 2 |
| Venezuela Coal Mining Industry Venezuela Consumption vs. South and Central America Consumption | 75 | 1 |
| Venezuela Coal Mining Industry Exports and Imports Scenario | 76 | 2 |
| Venezuela Coal Mining Industry Export to Destination Countries | 78 | 1 |
| Venezuela Coal Mining Industry Fiscal Regime | 79 | 1 |
| Venezuela, Governing Bodies | 79 | 1 |
| MInisterio del Poder Popular para la Energia y Petroleo | 79 | 1 |
| Ministerio del Poder Popular para las Industrias Basicas | 79 | 1 |
| Venezuela, Governing Laws | 79 | 1 |
| Venezuela, Licensing Type | 79 | 1 |
| Operating License | 79 | 1 |
| Venezuela, Mining Rights | 80 | 1 |
| Rights | 80 | 1 |
| Mining Rights | 80 | 1 |
| Rights for Easements and Expropriations | 80 | 1 |
| Venezuela, Key Fiscal Terms | 80 | 1 |
| Royalty | 80 | 1 |
| Corporate Tax | 80 | 1 |
| Capital Gains Tax | 80 | 1 |
| Losses Carry Forward | 80 | 1 |
| Withholding Tax Rates | 80 | 1 |
| Other Taxes and Stamp Duty | 81 | 1 |
| Value Added Tax | 81 | 1 |
| Tax Incentives | 81 | 1 |
| Depreciation | 81 | 1 |
| South and Central America Coal Mining Industry Top Active and Planned Projects | 82 | 3 |
| South and Central America Coal Mining Industry Top Active Projects | 82 | 2 |
| South and Central America Coal Mining Industry Planned Projects | 84 | 1 |
| South and Central America Coal Mining Top Coal Producing Companies | 85 | 15 |
| Carbonifera Metropolitana S/A (Carbonifera Metropolitana) | 85 | 1 |
| Carbonifera Metropolitana S/A (Carbonifera Metropolitana), Overview | 85 | 1 |
| Carbonifera Metropolitana S/A (Carbonifera Metropolitana), Business Description | 85 | 1 |
| Carbonifera Metropolitana S/A (Carbonifera Metropolitana), Coal Projects | 85 | 1 |
| Cerrejon Coal Company (Cerrejon) | 86 | 1 |
| Cerrejon Coal Company (Cerrejon), Overview | 86 | 1 |
| Cerrejon Coal Company (Cerrejon), Business Description | 86 | 1 |
| Cerrejon Coal Company (Cerrejon), Coal Projects | 86 | 1 |
| Drummond Company, Inc. (Drummond) | 87 | 1 |
| Drummond Company, Inc. (Drummond), Overview | 87 | 1 |
| Drummond Company, Inc. (Drummond), Business Description | 87 | 1 |
| Drummond Company, Inc. (Drummond), Coal Projects | 88 | 1 |
| Glencore International PLC (Glencore) | 88 | 1 |
| Glencore International PLC (Glencore), Overview | 88 | 1 |
| Glencore International PLC (Glencore), Business Description | 88 | 1 |
| Glencore International PLC (Glencore), Coal Projects | 89 | 1 |
| Vale S.A. (Vale) | 90 | 1 |
| Vale S.A. (Vale), Overview | 90 | 1 |
| Vale S.A. (Vale), Business Description | 90 | 1 |
| Vale S.A. (Vale), Coal Projects | 91 | 1 |
| Carbozulia | 92 | 1 |
| Carbozulia, Overview | 92 | 1 |
| Carbozulia, Coal Projects | 92 | 1 |
| Grupo Acerero del Norte, S.A. de C.V. (GAN) | 93 | 1 |
| Grupo Acerero del Norte, S.A. de C.V. (GAN), Overview | 93 | 1 |
| Grupo Acerero del Norte, S.A. de C.V. (GAN), Coal Projects | 93 | 1 |
| Altos Hornos de Mexico, S.A. de C.V. (AHMSA), | 94 | 1 |
| Altos Hornos de Mexico, S.A. de C.V. (AHMSA), Overview | 94 | 1 |
| Altos Hornos de Mexico, S.A. de C.V. (AHMSA), Business Description | 94 | 1 |
| Altos Hornos de Mexico, S.A. de C.V. (AHMSA), Coal Projects | 95 | 1 |
| Companhia Riograndense de Mineracao (CRM) | 95 | 1 |
| Companhia Riograndense de Mineracao (CRM), Overview | 95 | 1 |
| Companhia Riograndense de Mineracao (CRM), Business Description | 95 | 1 |
| Companhia Riograndense de Mineracao (CRM), Coal Projects | 96 | 1 |
| Carbonifera Criciuma S.A. (Carbonifera) | 96 | 1 |
| Carbonifera Criciuma S.A. (Carbonifera), Overview | 96 | 1 |
| Carbonifera Criciuma S.A. (Carbonifera), Business Description | 96 | 1 |
| Carbonifera Criciuma S.A. (Carbonifera), Coal Projects | 97 | 1 |
| Industria Carbonifera Rio Deserto Ltda (Rio Deserto) | 97 | 1 |
| Industria Carbonifera Rio Deserto Ltda (Rio Deserto), Overview | 97 | 1 |
| Industria Carbonifera Rio Deserto Ltda (Rio Deserto), Business Description | 97 | 1 |
| Industria Carbonifera Rio Deserto Ltda (Rio Deserto), Coal Projects | 98 | 1 |
| Carbones de la Guajira, S.A. (CBG) | 98 | 1 |
| Carbones de la Guajira, S.A. (CBG), Overview | 98 | 1 |
| Carbones de la Guajira, S.A. (CBG), Business Description | 98 | 1 |
| Carbones de la Guajira, S.A. (CBG), Coal Projects | 99 | 1 |
| Complejo Siderugico del Lago CA (Cosila) | 99 | 1 |
| Complejo Siderurgico del Lago CA (Cosila), Overview | 99 | 1 |
| Complejo Siderurgico del Lago CA (Cosila), Coal Projects | 99 | 1 |
| Appendix | 100 | 3 |
| About GBI Research | 100 | 1 |
| Abbreviations | 100 | 1 |
| Methodology | 101 | 1 |
| Coverage | 101 | 1 |
| Secondary Research | 101 | 1 |
| Primary Research | 101 | 1 |
| Expert Panel Validation | 101 | 1 |
| Contact Us | 102 | 1 |
| Disclaimer | 102 | 1 |
