Colombia's coal exports set to plunge

Colombia's coal exports are set to plunge from this week as a ban on ship loading by U.S.-based miner Drummond takes effect.

Steam coal shipments are expected to drop by about a third until March after Colombia's government enforced a law that took effect on January 1 only allowing coal exporters to load ships using enclosed conveyor belts.

The law bans the use of barges and cranes, but efforts to find an interim solution have been unsuccessful.



Source: Reuters