Colombian Government Expects New Coal Port to be Ready in a Few Months

Reuters reported that the Colombian government has said that a new 22-million-tonne-capacity coal port supported by  Glencore International PLC’s Prodeco unit will be operable in a few month’s time.

As quoted in the market report:

Two of Colombia’s top three coal exporters, Prodeco and Drummond International, are building new Caribbean ports to expand capacity as they ramp up production and because of a change in rules requiring upgrades to how coal is put on ships.

To view the whole Reuters report, click here.