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Anglo American’s Colombian COVID-19 challenges cut coal exports

Colombia 66 Coronavirus 432 Energy - Coal 54 Energy - Conventional 385 European Union 661 Materials - Metals/Mining 636 Quote Watch 265 Turkey 52

Anglo American has reported a downturn in its mining operations in Q2 due to weakened demand and operational issues in its mines related to COVID-19. The firm has cut its thermal coal output forecast for 2020 by 4.5% “due to the impact of COVID-19 related restrictions”, with a 62% drop in output at its Cerrejon mine in Colombia. Panjiva’s data shows the Colombian coal exports linked to the firm were zero in April after a 110% year over year surge in Q1. Exports to Turkey increased the fastest in Q1 with a 136% surge while shipments to Europe increased by 20.5%. Total Colombian coal expor...

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