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Strike threatens to paralyze Colombia coal exports

Tuesday, July 24, 2012

Laborers at Fenoco, Colombia's main coal railway, went on strike on Monday over pay and working conditions, the company and a senior union official said.

The laborers are threatening to paralyze more than half of shipments from the world's fourth-largest coal exporter.

The stoppage comes five days after workers at a coal mine owned by Glencore's Prodeco unit walked out, although the two strikes would have to be prolonged to lift prices as Atlantic and Pacific markets are oversupplied.

Source: Reuters