Prodeco: Expansion plans on track, company continues to move forward

摘要

Prodeco's production costs have risen this year, but the increase is expected to be short-lived, sources tell Coal Americas."Prodeco is paying higher royalties and it is investing US$1.15 billion in expansion projects through 2015," a source said. "Once production increases and the new port is in place, Prodeco will see its revenues rise significantly, and production costs will go down."In 2011, Prodeco is expected to invest about US$600 million, with the majority of the funds being spent to construct Puerto Nuevo.