Drummond Ltd.
We do mining well done!
Table of Contents
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Report Profile
Our Sustainability Report is prepared in accordance with the 2021 GRI Standards, the Sector Standard for Coal: GRI 12 and the metrics of the SASB Standard - Coal Operations, as a commitment to communicating how we manage relevant ESG issues.
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Our operations
We are Drummond Ltd. We began our mining operations in Colombia in 1987 and are currently a leading private company in the exploration, production, transportation and export of coal in the country.
Our operation takes place in the municipalities of Agustín Codazzi, Becerril, Chiriguaná, El Paso and La Jagua de Ibirico, in the department of Cesar, and in the municipality of Ciénaga, in the department of Magdalena.
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Main performance figures
Despite challenging circumstances, with low prices on the international coal market and rising operating costs in Colombia, we achieved outstanding results thanks to the coordinated efforts of all our employees and the implementation of a corporate strategy focused on efficiency.
We continue to operate with high standards in the mining, transportation and shipment of coal, which has allowed us to maintain a lean cost structure, provide high-quality steam coal, and resolutely pursue our social, environmental and governance goals.
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Value cycle
Our value cycle begins with feasibility studies, in which we evaluate the technical, economic, environmental and social viability of our projects. Each phase is supported by responsible management that incorporates environmental, cultural and safety measures, in order to protect biodiversity, minimize impacts and ensure efficient operations. By doing so, we guarantee environmental protection, employee well-being and progress for the communities in our area of influence.
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Corporate strategy
Our corporate and sustainable development strategy is based on the integration of ESG criteria in the production of high-quality steam coal. We evaluate each stage of the operation in three key dimensions: economic, social and environmental. With safe processes, competitive products and high-quality coal, we generate value for our stakeholders while protecting life, the environment and the well-being of the nearby communities.
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Our employees and service providers
Our human talent remains the backbone of what we do and a reflection of our commitment to the regions where we operate. We foster an organizational culture based on safety, mutual care, inclusion and lifelong learning, which encourages us to grow together and achieve common goals.
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Governance structure
Our commitment to sustainability contributes to the well-being of stakeholders and the protection of the environment. In 2024, the Strategic Committee held 40 sessions, strengthening ESG management and monitoring processes with a focus on sustainability and social responsibility. Our senior management team ensures that decisions are aligned with our commitments and generate positive impacts.
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Compliance work
At Drummond Ltd. we strengthen our management with policies, codes and manuals that reflect our commitment to ethics, transparency and sustainability. These guidelines, applicable at all levels of the organization, guide our decisions and actions under principles of corporate responsibility. With inclusive processes and regular reviews, we reinforce integrity, build trust with stakeholders, and promote sustainable development that extends beyond our operations.
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Management of human rights
At Drummond Ltd., we reaffirm our commitment to respecting and promoting human rights, guided by domestic and international standards. We implement policies and due diligence measures that allow us to prevent, manage and mitigate risks across our operations and value chains. Through dialogue, training and conflict resolution, we strengthen a culture of respect that protects our stakeholders and ensures a positive and sustainable impact.