Drummond Expected to Restart Coal Exports at End of March

Reuters reported that the Colombian government expects Drummond Company Inc. to start exporting coal once again around March 24. Exports were halted earlier this year on environmental grounds.

As quoted in the market news:

‘On the 24th of this month, Drummond’s port should enter into service. There are ships on their way already and which will be at the port by this date,’ Mines and Energy Minister Amylkar Acosta told reporters.

Resumption of Drummond’s exports looks likely to be the end for now of more than a year of logistics and labor strife that has blighted the Andean nation’s coal production and caused it to fall 4 percent short of its production target in 2013 when output totaled 85.5 million tonnes.

Click here to read the full Reuters report.