Colombia Coal Growth Hopes Dashed on Data Glitch, Miners Say
- Mining association says industry won’t hit 90 million target
- Future investments will depend on tax reform: Santiago Angel
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Colombia will produce about 85 million metric tons of coal this year, missing a government target of 90 million tons because data collected earlier this year was inflated, according to the Colombian Mining Association.
A jump in second-quarter output from small and medium-sized miners in central Colombia was probably a result of improper data recording, rather than a real increase, according to association president Santiago Angel. Coal for European delivery in October rose 1.9 percent on Monday.