Colombia's coal exports set to plunge
Tuesday, January 14, 2014
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.