Colombia Says Drummond Uninterested in Coal Export Alternatives

Reuters reported that coal miner Drummond Company Inc., which earlier this month was ordered to suspend coal loading by a Colombian environmental authority, is not showing much interest in proposals that would allow it to continue exporting coal.

As quoted in the market news:

Asked what was the biggest difficulty to arranging an alternative means by which Drummond could load, Garcia said: ‘To find the will on (Drummond’s) part to resolve this, to show a preference for one of the alternatives.

‘Yesterday we sat down, it was us the national government proposing alternatives. They closed themselves off a bit, (saying) let us open, impose the fines that you want but let us reopen, but this is not a very viable alternative,’ she said.

A Drummond representative said the company would not comment.

Click here to read the full Reuters report.