Colombia Will Back Its Coal Industry For Decades To Come

The world’s fifth-largest coal exporter, Colombia, is confident that continued coal demand in Asia will warrant Colombian government support to the industry for at least two more decades, even after Glencore said it would relinquish its mining contracts in the country. “Coal demand from China and India is going to continue. It’s impossible for them to switch their power matrix overnight and stop depending on thermal coal,” Colombia’s Mines and Energy Minister Diego Mesa told Bloomberg in an interview this week. “We…