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Monday, 16 September 19
COLOMBIAN COAL PRODUCTION TO FALL 5% THIS YEAR, MINING GROUP SAYS - REUTERS
ReutersColombia’s coal production will decline to around 80 million tonnes in 2019, nearly 5% below last year’s, because of low prices and drought that has impeded output in some mines, the Colombian Mining Association said.
 
The Andean country, the world’s fourth-largest exporter of the fuel, produced just above 84 million tonnes in 2018.
 
The government and the country’s principal coal miners had previously said they anticipated output would remain steady.
 
“This year we are seeing that through December Colombia will have an output close to 80 million tonnes, 4 million tonnes less,” said association head Juan Camilo Narino. “The reality is of lower production and fewer exports.”
 
Colombia produced 18.9 million tonnes in the second quarter, the government said last week, down 4.5% from the same period a year earlier.
 
Production has been pressured by low prices, climate conditions that affected projects near the northern Caribbean coast and judicial restrictions that have limited work at some projects, the government has said.
 
Coal is the second-largest generator of foreign exchange revenue in Colombia, behind oil, and its top mining export.
Source: Reuters


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Recent News

Monday, 22 July 19
SUPRAMAX: THE ASIAN ARENA SAW INCREASED ACTIVITY AND STRONGER NUMBERS BEING CONCLUDED; INDONESIAN ROUNDS REMAINED FIRM - BALTIC BRIEFING
Capesize Another week of gains as the Atlantic basin continues to be pressurised on tonnage and Brazilian cargoes keep up a steady flow. The Ca ...


Thursday, 18 July 19
WORLD TRADE IN HARD COAL ROSE BY 4.7% IN 2018 - GERMANY COAL IMPORTERS ASSOCIATION
World Trade in Hard Coal Rose by 4.7% in 2018 Hard Coal Can Prevent Stress in the Electric Power System in Germany   • Sharp decl ...


Wednesday, 17 July 19
MARKET INSIGHT - INTERMODAL
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Tuesday, 16 July 19
KING COAL RULES IN JAPAN AS POWER UTILITIES IN THRALL TO LOW-COST FUEL - REUTERS
Japanese utilities will rely on the return of coal-fired power plants from maintenance to meet peak electricity demand this summer, highlighting th ...


Tuesday, 16 July 19
SUPRAMAX: THE ASIAN ARENA WAS SPLIT, WITH A BUILD-UP OF TONNAGE AND LACK OF ENQUIRY IN THE NORTH - BALTIC BRIEFING
Capesize It was a Brazilian affair with a strong splash of bunkers characterising the Capesize market over the past week. Largely traded in Eur ...


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