CMC Coal’s revenues hit 18-year low after strike at Colombian mine
Revenues at the Irish distributor for coal from Colombia’s Cerrejón mine have fallen below $1 billion for the first time since the company filed end-of-year accounts
Revenues at CMC Coal, the Irish-registered distributor for coal from Colombia’s controversial Cerrejón mine, have fallen to the lowest level in the company’s 18 years of operation.
The drop-off comes after workers at the Cerrejón mine – the subject of a series of human rights complaints – staged a three-month strike in protest against working conditions and staff cuts.
CMC recorded revenues of under $700 million (€596 million)...
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