European Thermal Coal Prices Drop as Colombian Talks to Start
From Coal Guru
Bloomberg reported that European coal for next year fell to a record as workers at Colombia’s Cerrejon mine are set to start talks aimed at ending a strike that has reduced supply from South America’s biggest producer of the fuel.
Thermal coal for delivery in 2014 to Amsterdam, Rotterdam or Antwerp dropped as much as 50 cents, or 0.5 percent, to USD 97.90 a tonne, the lowest level since the contract started trading in January 2010
Coal for delivery in March fell for a fourth day, dropping 0.7 percent to USD 88.90 a tonnbe.
Mr Igor Diaz head of the Sintracarbon union said “Talks between striking workers and management at the mine will start at 2 PM local time.”
