The U.S. Geological Survey (USGS), in cooperation with many of the world’s coal producing countries, has undertaken a project called the World Coal Quality Inventory (WoCQI). As part of the WoCQI, 16 Venezuelan samples from Venezuela were collected and analyzed
Venezuela Coal Reserves and Mining
Venezuela hosts potential resources of approximately ten billion metric tons of coal, making the country second to Colombia in South America in terms of coal resources. Coal deposits of Paleogene-Neogene age constitute approximately one-half of all coals in South America and over 55 per cent of Paleogene-Neogene South American coal deposits occur in Venezuela. Coal deposits are widely distributed in the foothills of the Coastal Ranges and Andean Cordillera and in the Maracaibo Basin of northern Venezuela. Due to the abundance of oil and natural gas in Venezuela, coal has been relatively undeveloped as a resource despite the presence of reserves of almost 500 million metric tons. However, in the last decade, Venezuelan coal production for export has increased almost 400 percent to nine million tons per year, principally due to the development of the Guasare basin deposits at the Paso Diablo and Minas Norte mines.