Producers in Norte de Santander worried about faltering market

摘要

Coal exports from Colombia's Norte de Santander department have dropped significantly this year, a casualty of soft demand and lower prices on the international market. "When thermal coal prices fell below US$90 (per tonne) on the international market, coal from Norte de Santander could no longer compete," a source said. "Many producers have shut down their mines and those that are still operating are producing at half capacity. It doesn't make sense for them to keep going when they are losing money."