South America is known for its proven recoverable reserves. At end-2017, Brazil’s proven reserves were 6596 million t; reserves from Colombia (the world’s fifth largest exporter of coal) totalled 4881 million t; and Venezuela’s total reserves reached 731 million t. Also last year, Colombia’s coal production totalled 61.4 million toe, while Brazil produced 3 million toe and Venezuela’s production totalled 0.7 million toe.1