Colombia Reports Lower Coal Output for 2015

Reuters reported that Colombia’s 2015 coal production came to 85.5 million tonnes, down 3.5 percent from the previous year, as a result of train transport restrictions and closures along the country’s border with Venezuela.
As quoted in the market news:

“We are sure that, despite the difficulties, the figures show a solid mining industry,” said national mining agency president Silvana Habib Daza in a statement on Monday.
The sector struggled last year with court-ordered transport restrictions, including a ban on nocturnal train shipping on the Fenoco railroad, which serves US-based Drummond Co, Glencore PLC’s Prodeco unit and Murray Energy’s Colombia Natural Resources.
A tribunal lifted the ban in November.
Closures along the border with neighbouring Venezuela forced small producers to use more expensive transport to Colombian ports, rather than using Venezuelan ports closer to their mines.

Click here to read the full Reuters report.