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Latin America Report
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Lacouture
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The Coal of El Cerrejón
In September 1980 the Colombian government made an agreement with an Exxon subsidiary for the development of the coal of the northern section of the El Cerrejón region, thus entering into one of the largest joint ventures with a transnational enterprise in the history of Latin America. In May 1981 the government awarded coal-development rights in central El Cerrejón to a Spanish-Colombian consortium. This book is an analysis of the decisions that led to the two contracts and of the bargaining of an oil-importing developing country with transnational enterprises (TNEs) over a previously unexploited resource during the energy crisis. Combining the literature on dependencia and that on bargai...
Palmas
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