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Venezuela biggest coal producer lifts force majeure
Reuters
CARACAS
Petroleumworld.com 09 26 07
Venezuela's biggest coal producer, Carbones del Guasare, has lifted a force majeure on exports after workers ended a transport strike and supplies resumed, the company's president said on Tuesday.The company in the western, energy-rich state of Zulia is controlled by the state company Carbozulia and has as minority owners Peabody Energy (BTU.N: Quote, Profile, Research) and Anglo American (AAL.L: Quote, Profile, Research). It operates the Diablo mine.
"The dispute itself has been resolved, the force majeure lifted and we are operating normally," company president Helcias Benaim said in a telephone interview.
Carbones del Guasare declared force majeure when transport workers ferrying coal began a stoppage on Thursday to demand higher pay. The strike lasted two days but the company did not lift its force majeure until Monday, Benaim said.
Carbones del Guasare says it produces 6.8 million tonnes a year for electricity and steel plants across the world.
Reuters 26 09 07
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