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Colombia exported 5.
9 million tons of coal in March, up 6.
5% from March 2019 but down 17%
from February, according to data provided on Tuesday by the website of DANE, a government statistics agency that tracks foreign trade.
Despite the year-on-year increase in coal volume, it reflects a sharp drop in coal prices, with total export receipts of $322.
59 million in March, down 30.
6%
compared to the same period last year.
According to DANE, March earned 30%
less than in February.
In the first three months of 2020, Colombia exported a cumulative 27.
1 million tons of coal, an increase of 55.
4%
compared to the same period in 2019.
Exports were unusually high as exporters boosted sales in January and February on fears that a strike at Colombia's second-largest coal mine, Serejón, would reduce mining activity
.
Although members of the Sintracarbon union did announce a stoppage in March, they voted to postpone the strike until the end of June due to the impact of
the coronavirus infection.
In response to a government decree protecting workers from the virus, the owners of the Serehun mine subsequently drastically reduced mining, but began gradually resuming production
this week, a statement said Monday.
Cerrejon's co-owners Glencore, BHP Billiton and Anglo American have announced they are considering selling their opencast coal mine in northern Guazira province after they say the future demand outlook for Colombian coal is bleak
.
Although Colombia has become one of the world's top six coal exporters in recent years, its traditional power plant customers in the United States and Europe are switching to more renewable fuels
.
Drummond, Colombia's largest coal mining enterprise in terms of export volume, began expanding its mining operations
last month after the pandemic was initially brought under control.
In the first three months of 2020, Colombia's coal export revenues totaled $1.
61 billion, up 5.
2% from the first quarter of 2019, thanks in large part to unusually high shipments earlier this year
.
Colombia exported 5.
9 million tons of coal in March, up 6.
5% from March 2019 but down 17%
from February, according to data provided on Tuesday by the website of DANE, a government statistics agency that tracks foreign trade.
Despite the year-on-year increase in coal volume, it reflects a sharp drop in coal prices, with total export receipts of $322.
59 million in March, down 30.
6%
compared to the same period last year.
According to DANE, March earned 30%
less than in February.
In the first three months of 2020, Colombia exported a cumulative 27.
1 million tons of coal, an increase of 55.
4%
compared to the same period in 2019.
Exports were unusually high as exporters boosted sales in January and February on fears that a strike at Colombia's second-largest coal mine, Serejón, would reduce mining activity
.
Although members of the Sintracarbon union did announce a stoppage in March, they voted to postpone the strike until the end of June due to the impact of
the coronavirus infection.
In response to a government decree protecting workers from the virus, the owners of the Serehun mine subsequently drastically reduced mining, but began gradually resuming production
this week, a statement said Monday.
Cerrejon's co-owners Glencore, BHP Billiton and Anglo American have announced they are considering selling their opencast coal mine in northern Guazira province after they say the future demand outlook for Colombian coal is bleak
.
Although Colombia has become one of the world's top six coal exporters in recent years, its traditional power plant customers in the United States and Europe are switching to more renewable fuels
.
Drummond, Colombia's largest coal mining enterprise in terms of export volume, began expanding its mining operations
last month after the pandemic was initially brought under control.
In the first three months of 2020, Colombia's coal export revenues totaled $1.
61 billion, up 5.
2% from the first quarter of 2019, thanks in large part to unusually high shipments earlier this year
.
