Our legal structure Drummond Ltd. operates in Colombia and is owned by Drummond International LLC., a company based in Alabama, USA, owned by Drummond Company Inc. and its affiliates by 80%, and ITOCHU Coal Americas Inc. by 20%. Our operation is based on the exploration, production, transportation, and exportation of thermal coal. The destinations our Colombia operation exports thermal coal to include: The United States, Europe, Asia, and Central and South America. As a preamble to our operational structure, we would like to introduce our company’s dimensions: • Workers: 5,065 direct employees and 4,008 contractors. • Total Sales: Our operational revenues in 2012 were $ 4.76 trillion pesos. • Net Worth: The figures officially reported to the superintendencies reflect a net worth of $ 4.96 trillion pesos, to December 2012. Drummond’s governance structure is lead by our CEO1 Garry Drummond from Alabama, who bears the overall responsibility for company strategy and governance. During 2012, Drummond Ltd. was chaired by Augusto Jiménez. José Miguel Linares is our president since 2013 (see Figure 3).
SENIOR VP OF OPERATIONS
OUr MISSION, vALUES AND prINCIpLES We have a rock-solid commitment to Colombia, every day and in every project. We operate within the legal framework and in line with best practices in the mining industry. At Drummond, we are conscious of the impact our actions entail over our employees, our communities and the environment; therefore, we strive to maximize reserves recovery at a competitive cost and to keep up the dynamism of local economies by implementing development strategies in accordance with market trends and technology. The commitment to our employees is a reflection of our values, as we provide them –and their families through them– with tools to improve their quality of life. We give them a foundation for personal development. We have a competency model which is crucial for the performance of individual workers and the company. We grant safe working conditions by offering the best of training, equipment, safety and supervision. At Drummond, we think of our employees as a priority and we consider ourselves fortunate to count on loyal and hardworking people, committed to the company. (This information is shown in detail in chapter “Drummond as an Agent of Change”). Our work around Drummond’s sustainability focuses on controlling and mitigating different impacts produced by mining, transportation and shipping of coal. Our contribution to economic
Figure 3 / Our Management Structure
1
Chief Executive Officer.
VP OF FINANCE AND ADMINISTRATION
SPECIAL SERVICES
LEGAL VP
PRESIDENT
CORPORATE AFFAIRS MANAGER
VP OF GEOLOGY, OIL AND GAS
COMMUNITY RELATIONS MANAGER VP OF HUMAN RESOURCES
Source: Drummond’s Management.
www.drummondltd.com
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