Drummond to resume coal exports from Colombia on March 24
(Minews) - Colombia's government will let US-based Drummond Co, the country’s second largest coal producer to resume exports on March 24 as the company is set to finish a $350 million upgrade to its Cienaga port, on the Caribbean Sea, to meet new environmental legislation.
The government shut the port in January after the new law, which bans the use of cranes and barges to load boats, took effect. As a consequence, Colombia’s coal exports to drop by about a third and Drummond had to declare force majeure, since it was unable to use any other port to ship the fuel.
Mines and Energy Minister Amylkar Acosta told local news outlet Caracol.com (in Spanish) that there already are ships on their way to the port, which will able to handle an extra 3 million tonnes of coal, thanks to the switch to direct loading.
Publish date : Thursday 13 March 2014 21:06
Story Code: 5337
