Drummond coal loading suspension
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Report summary
On 8 January 2014, Drummond Coal, the second larger coal producer in Colombia, halted its coal loading operations. The government suspended the company’s environmental licence and ordered it to shut down its port loading operation as Drummond had not complied with the new environmental regulation – effective 1 January. The new law requires the use of enclosed belt conveyors with dust suppression systems to load the coal directly into the vessels and thereby avoiding coal dust emissions.
Table of contents
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Executive Summary
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Coal loading suspension goes into effect
- 2014 Colombian coal supply forecast
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Many Colombian industry participants will suffer reduced payments
- Reduction in revenue, operating profit, and royalties and taxes (US$ million)
- European winter demand – not especially strong
- Price rises capped by transition out of winter peak demand season
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Coal loading suspension goes into effect
Tables and charts
This report includes 6 images and tables including:
- European monthly import demand build
- ARA price forecast
- Recent European physical coal trades on globalCOAL
- Drummond coal loading suspension: Table 1
- Drummond coal loading suspension: Table 2
- Cost curve of Drummond and Goldman Sachs’ Colombian operations
What's included
This report contains:
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