07|08|2019

PRESS RELEASE

Pursuant to the revision of its mining operation, it has been necessary for the Prodeco Group to identify options to improve its business processes within the coal market current environment.

Further to such analysis, one of the identified options to protect the business is to remove higher cost equipment from the Calenturitas mine production fleet. In this manner, by streamlining the business processes, the efficiency of its business overhead structure can be increased to align it with the support required by the company’s operations.

Unfortunately, to implement such actions it has been required the reduction of job positions within the organisation. We empathize with those employees affected by this situation to whom we are supporting throughout this process. 

As a consequence of the revision of its operational and business structures, the Prodeco Group will be able to continue operating responsibly in line with its values, commitments and legal obligations to ensure the current and future sustainability of its operation in Colombia.

 

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