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BHP Colombia Mine CEO Seeks Cost Savings Amid Coal Price Slump

The Colombian coal-mining venture jointly owned by BHP Billiton Plc, Anglo American Plc and Glencore Plc expects all of its operations to be profitable by year-end after cost-cutting and productivity measures.

Cerrejon will continue renegotiating contracts with outsourced contractors and make sure machinery is being used as efficiently as possible amid a price slump, according to Chief Executive Officer Roberto Junguito. He said Cerrejon is losing money on “a little less than 11 percent” of its current production.