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Monday, 09 September 19
COLOMBIA COAL OUTPUT DOWN YEAR-ON-YEAR IN 2ND QUARTER - REUTERS
Coal and ExcavatorColombia, the world’s fifth-largest exporter of coal, produced 18.9 million tonnes of the fuel in the second quarter, down 4.5% from the same period in 2018, the government said, Reuters reported.
 
Reuters further reported that, the coal production in the South American country was 19.8 million tonnes between April and June last year.
 
Leading coal companies have forecast that production and exports are likely to remain stable in 2019. The Andean country produced 84.3 million tonnes over the course of 2018.
 
Coal is the second-largest generator of foreign exchange in Colombia, behind oil, and its top mining export. The country is attempting to diversify its mining output with more formal investment in gold, copper and emerald projects.
 
According to Reuters report, the coal production has been pressured by low prices caused by a decease in European demand, climate conditions that affected projects near the northern Caribbean coast and judicial restrictions that have limited work at projects like the Cerrejon mine, Silvana Habib, the president of the national mining agency, said in a joint statement with the energy ministry.
 
The biggest players in Colombia’s coal industry are Drummond Co Inc, Glencore Plc and Murray Energy Corp’s Colombia Natural Resources. There is also Cerrejon, owned by BHP Group Ltd, Anglo American Plc and Glencore.


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Recent News

Monday, 04 November 19
COAL INDIA'S OCTOBER PRODUCTION MAY FALL 20% - PTI
Coal India’s production in October is likely to be 19-20 per cent lower at about 40 million tonne, as compared to 49.77 million tonne produce ...


Monday, 04 November 19
PANAMAX: WEAKER SENTIMENTS CONTINUED FROM LAST WEEK, WITH RATES FURTHER SOFTENING IN BOTH BASINS - BALTIC BRIEFING
Capesize The Capesize market meandered slightly upwards this week before giving back much of its gains mid-week. Opening the week at $24,945, t ...


Thursday, 31 October 19
U.S. COAL-FIRED POWER PLANTS SCHEDULED TO SHUT - REUTERS
U.S. power companies expect to retire or convert from coal to gas over 13,800 megawatts (MW) of coal-fired plants in 2019 after shutting over 13,30 ...


Thursday, 31 October 19
SE ASIA MAY BECOME NET FOSSIL FUEL IMPORTER IN COMING YEARS - IEA
Southeast Asia is set to become a key driver of world energy trends over the next 20 years as its energy demand grows at twice the global average, ...


Monday, 28 October 19
ULTRAMAX: ASIA RATES REMAINED UNDER PRESSURE WITH THE NORTH LACKING FRESH ENQUIRY - BALTIC BRIEFING
Capesize The end of the week brought about a small increase in sentiment heading into a long weekend for some regions. After sustaining a drop ...


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