Glencore will increase coal production in Colombia

Swiss commodities trader Glencore plans to double its coal production at the plant Prodeco in Colombia to 20.7 million tons by 2015. It is reported by Reuters. The Company estimates capital expenditures of 2.6 billion dollars "Prodeco experiencing a period of significant expansion, as the mining of coal planned to increase from 10 million tonnes per annum in 2010 to 19.9 million tons in 2013 to 20,7 million tons per year by 2015, "- said in a statement earlier reported that Glencore would close the book on applications IPO ahead of schedule. It is assumed that the bid book will be closed on 17 May, that is, the day before the initial deadline. Last week, Glencore announced price range of IPO in the 480-580 pence per share, rate themselves on average at $ 60 billion Glencore International (formerly known as - "Marc Rich & Co AG") is one of the world's largest suppliers of commodities and rare-earth materials, as well as one of the largest private companies. The group owns steel plants, petroleum and agricultural assets on five continents. Ministry of Industry