Turmoil Around Colombian Coal Strikes Pushes European Coal Down

Bloomberg reported that European coal dropped to the lowest level this week as pressure mounts on the Colombian government to restart talks to end a strike at their largest mine.

As quoted in the market report:

Coal from Colombia covers more than 20 percent of European import demand, Andrew Cosgrove, a Princeton, New Jersey-based analyst at Bloomberg Industries, said in a Feb. 14 note. Workers at the Cerrejon mine started a strike on Feb. 7 over wages and benefits.

To view the whole Bloomberg report, click here.