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Colombia Bans Coal Loading by 2nd-Biggest Producer Drummond

Drummond Co.’s shipments of coal from Colombia, Europe’s No. 2 supplier, to international buyers including Electricite de France SA are suspended until the producer finishes mandatory port enhancements to avoid spills.

European coal prices rose as much as 3.6 percent, the most since Oct. 24, as Colombia’s second-biggest producer was ordered to stop loading ships at its Caribbean port until a conveyor-belt system replaces the current arrangement of barges and cranes. Drummond estimates its direct loading system will be in place by March.