Colombia coal strike enters 12th day after talks fail

A workers' strike that has halted production at Colombia's top coal exporter Cerrejón entered its 12th day Monday after weekend talks broke down when the union rejected a proposal by the company to have the dispute quickly sent to an arbitration panel.

The walkout at Cerrejón, which is equally owned by mining giants Xstrata, Anglo American and BHP Billiton, is costing the company millions of dollars a day as its northern mine that normally produces 100,000 tons of coal a day sits idle.

The company's 5,000 workers, meanwhile, are without a paycheck.


Source: Dow Jones