Goldman Sachs halts production at La Francia mine

摘要

Workers at Goldman Sachs' La Francia mine are the latest to feel the effects of a slumping thermal coal market in Colombia. The mine, which is located in the Cesar Basin near the municipality of La Loma, has been shut down temporarily due to slow sales, sources told Energy Publishing. "We are hearing that one of the biggest buyers of coal from the La Francia mine has significantly lowered its purchases," a source said. "We aren't certain why, but we're hearing that export sales are disappointing and coal stockpiles at the mine are very large. Sales just haven't been good. Goldman Sachs sent the workers on vacation. It isn't clear when they might be called back to work."