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Cool Runnings, commodity traders and global capital – a review of 'The World for Sale'

Cool Runnings, commodity traders and global capital – a review of 'The World for Sale'
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Colombia rejects Glencore unit's return of two coal mining concessions

2 Min Read BOGOTA, April 7 (Reuters) - Colombia’s national mining agency (ANM) said on Wednesday it has initially rejected a request by coal miner Prodeco, a wholly-owned unit of miner and commodity trader Glencore, to return two of its Colombian concessions. Anglo-Swiss company Glencore said in February Prodeco would hand back its operations at the Calenturitas and La Jagua mines to Colombia, after its request to keep the operations on care and maintenance was denied by the ANM. The two mines were placed on care and maintenance last March amid the coronavirus pandemic. Obligations which must be met before returning two of the contracts for concessions included within La Jagua - including for environmental management - remain outstanding, the ANM said in a statement, making the request to return them “legally inviable.”

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