Identifier
Created
Classification
Origin
06BOGOTA5067
2006-06-06 22:33:00
UNCLASSIFIED
Embassy Bogota
Cable title:
LOSSES MOUNT AS COLOMBIA'S COAL STRIKE CONTINUES
how-toVZCZCXYZ0000 PP RUEHWEB DE RUEHBO #5067 1572233 ZNR UUUUU ZZH P 062233Z JUN 06 FM AMEMBASSY BOGOTA TO RUEHC/SECSTATE WASHDC PRIORITY 5701 INFO RUCPDOC/DEPT OF COMMERCE WASHDC
UNCLAS BOGOTA 005067
SIPDIS
SIPDIS
E.O. 12958: N/A
TAGS: ECON EMIN EPET CO
SUBJECT: LOSSES MOUNT AS COLOMBIA'S COAL STRIKE CONTINUES
REF: A. BOGOTA 4971
¶B. BOGOTA 4686
¶C. BOGOTA 4537
Colombia's limited coal strike continues through its 19th
day, with no word on when a resolution will be reached.
According to Drummond's president in Colombia the strike has
cost the U.S. company over USD 76 million in lost revenue
(coal plus some transportation revenue) or about USD 4
million per day. Post estimates approximately 790,000 tons
of U.S.-destined coal has been affected by the strike. The
strike has also cost the GOC over USD 4 million in lost tax
and royalty payments. Separate negotiations continue in
Barranquilla between the miners' union and Drummond and
Glencore. The GOC is facilitating the negotiations. The
parties have not reported progress, however.
WOOD