Drummond Declares Partial Force Majeure in Colombia

Reuters reported that as a result of a strike, Drummond Company Inc., a US coal miner, has declared partial force majeure at its Colombian mines and loading operations.

As quoted in the market news:

‘Drummond declared force majeure only for cargoes that were in the vicinity of the loading port, which will impact a limited number of buyers in the near term,’ a trader for one of the buyers said, quoting correspondence sent by the second-largest coal producer in Colombia.

Another buyer confirmed that Drummond, which exports around 500,000 tonnes of coal a week, had sent notification to customers, who are mainly in Europe and the Middle East.

Click here to read the full Reuters report.