Workers at Fenoco, which transports thermal coal from Drummond, Prodeco and Colombian Natural Resources to coal ports in northern Colombia, struck July 23 over pay and work conditions. Alongside the Fenoco strike, there is also ongoing industrial action at the Prodeco-owned La Jagua 7 million mtpy thermal coal mine, which began July 19. Prodeco produced 14.6 million mt of coal in 2011, but plans to increase annual output to 21 million mtpy by the end of 2013. Spot prices in Europe—Colombia’s largest customer—are currently at a three-month high of $91/mt.
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