Colombia coal exports plummet after ban on Israel sales

Colombia’s coal exports plummeted nearly 46% in July 2024 compared to the previous year, largely due to a global price crisis and President Gustavo Petro’s ban on sales to Israel amid the Gaza conflict. The coal sector has faced ongoing contraction, with increased Indonesian production lowering prices, prompting Petro to push for sustainability through higher taxes and support for alternative industries, raising concerns among miners about job security.

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