Strike threatens to paralyze Colombia coal exports

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