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Feb 8, 2013

Colombian cenbank minutes suggest more rate cuts to come

BOGOTA, Feb 8 (Reuters) – Minutes from the most recent
meeting of Colombia’s central bankers suggest that more interest
rate cuts are on the table as moderating growth in Latin
America’s fourth-largest economy may fuel the need for further
stimulus.

The South American country’s economy likely grew between 2
percent and 3.5 percent in the fourth quarter and the bank pared
back its forecast for full-year expansion to between 3.3 percent
to 3.9 percent from an earlier estimate of around 4 percent,
according to minutes from the last policy meeting on Jan. 28.

Feb 7, 2013

Colombia coal workers to go on strike at Cerrejon-union

BOGOTA, Feb 7 (Reuters) – Workers at Colombia’s largest coal
exporting company Cerrejon will go on strike on Thursday, a
union leader said, after the two sides failed to agree during
last minute talks on wages and benefits.

“At 3 p.m. (2000 GMT), zero hour begins,” Orlando Cuello of
the Sintracarbon union said by telephone.

Feb 7, 2013

Drummond vows to improve coal loading at its Colombian port

BOGOTA, Feb 7 (Reuters) – Colombia’s second-largest coal
exporter, Drummond Ltd, vowed on Thursday to take
“corrective” measures at its Caribbean port after a coal-loaded
barge nearly sank in bad weather last month.

Colombia’s environmental licensing body suspended loading at
Drummond’s port on Wednesday after an incident that local media
said had spilt coal into the nearby waters in mid-January.

Feb 7, 2013

Colombian coal company and workers in final bid to avoid strike

BOGOTA, Feb 7 (Reuters) – Colombia’s largest coal exporting
company Cerrejon and its workers are meeting on Thursday to try
to avoid a strike over wages that would pile pressure onto an
already troubled sector.

Officials at the company and the union said the two sides
are sitting down to discuss compensation and benefits in a
last-ditch effort to avoid a walkout. One union leader said it
is prepared to strike unless Cerrejon makes a generous new
offer.

Feb 6, 2013

Colombia coal workers mull Cerrejon strike before Friday cutoff

BOGOTA, Feb 6 (Reuters) – Workers at Colombia’s largest coal
exporter, Cerrejon, have a little more than a day to start a
strike before the window to walk out closes, union officials
said on Wednesday.

Laborers at Cerrejon – a joint venture between BHP Billiton
, Anglo American and Xstrata – voted on
Jan. 29 to strike. By law, however, they cannot walk out on the
first or last of a 10-day window, which ends on Friday.

Feb 1, 2013

Colombian forces kill FARC commander close to chief negotiator

BOGOTA, Feb 1 (Reuters) – Colombian government forces have
killed a FARC brigade commander close to the Marxist group’s
chief peace negotiator, the defense minister said on Friday, as
combat heats up after the expiration of a unilateral guerrilla
ceasefire.

Defense Minister Juan Carlos Pinzon said that Jacobo Arango,
a FARC commander in a northwestern area straddling Cordoba and
Antioquia provinces, a known drug route, was among six rebels
killed in an assault on Thursday.

Feb 1, 2013

Colombia rebels free oil workers, 11 killed in combat

BOGOTA (Reuters) – Colombia’s FARC rebels on Thursday freed three kidnapped oil contractors, but six guerrillas and five government soldiers were killed across the country as peace talks continued abroad.

The kidnappings and other violence came days after the Revolutionary Armed Forces of Colombia, or FARC, made clear during peace negotiations in Cuba that it would continue to capture armed forces, possibly hampering the talks.

Jan 31, 2013

Colombia rebels free seized oil workers, kill four soldiers

BOGOTA (Reuters) – Colombia’s FARC rebels on Thursday freed three oil contractors kidnapped a day earlier, military sources said, though the guerrillas killed four soldiers in the south as they step up pressure during peace talks.

The kidnappings and other violent incidents came days after the Revolutionary Armed Forces of Colombia, or FARC, made clear during peace negotiations in Cuba that it would continue to capture armed forces, possibly hampering the talks.

Jan 31, 2013

Colombia rebels seize oil workers, kill four soldiers

BOGOTA (Reuters) – Colombia’s FARC rebels kidnapped three oil contractors and killed four soldiers in the nation’s south, military sources said on Thursday, in a sign the group is stepping up pressure during peace talks.

The kidnappings and other violent incidents on Wednesday came days after the Revolutionary Armed Forces of Colombia, or FARC, made clear during peace negotiations in Cuba that it would continue to capture armed forces, possibly muddying the talks.

Jan 30, 2013

FARC rebels vow to keep capturing Colombian security forces

BOGOTA (Reuters) – Colombia’s FARC guerrillas have vowed to continue capturing security forces while the government on Wednesday asked rebels to make it clear they are not wasting time at peace talks in Cuba and genuinely want to end the five-decade conflict.

President Juan Manuel Santos’ government and Marxist guerrillas have been locked in peace negotiations in Cuba since November to try to reach a negotiated settlement to a war that has defied all past attempts for resolution.

    • About Jack

      "Jack covers commodities, economics and politics in Colombia. He joined Reuters in 2006 and has since worked throughout east Africa including Kenya, Eritrea, Sudan, Somalia and Uganda. He has also done stints in Iraq."
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