CMC Coal’s revenues plummeted by €1 billion in 2019

Poor results blamed on price collapse and shrinking demand in Europe

Daniel Murray

Political Correspondent @danieltmurray
29th March, 2020
CMC Coal’s revenues plummeted by €1 billion in 2019
Employees at Cerrejon Coal Mine, La Guajira, Colombia. Picture: Bloomberg

Revenues at CMC Coal Marketing fell by €1 billion in 2019, as European coal markets shrank and prices collapsed last year.

CMC Coal Marketing is the Irish-registered distributor for coal mined out of the Cerrejón mine, one of Colombia’s largest coal mines. Half of its total coal sales are made in Europe, with the other half being distributed around the world.

Revenues at the company almost halved, falling from $2.7 billion (€2.4...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

ESB bids for Scottish offshore wind project

Energy Lorcan Allen 4 days ago

Ireland can lead push for greener data centres, Ryan says

Energy Daniel Murray 4 days ago

Bord na Móna returns to profit for first time in four years

Energy Lorcan Allen 1 week ago

The nuclear option: Amid an energy supply deficit could small new-generation reactors work in Ireland?

Energy Daniel Murray 1 week ago