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CNR to restart Colombia coal exports

Thursday, October 2, 2014

Colombian Natural Resources, CNR, owned by investment bank Goldman Sachs, will re-start coal exports and re-establish mining operations after the government helped broker a deal for its use of Drummond's Caribbean Sea port, according to government and industry sources.

CNR suspended exports from its port in Colombia at the end of last year because its loading procedures did not meet environmental standards that came into force at the start of 2014.

Drummond will allow CNR to use its port near Cienaga, on Colombia's northern Caribbean Sea.

Source: Reuters