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Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT


Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, sources familiar with the deal said.

Vitol has been seeking coal mining and logistical assets in key exporting countries for the past several years.

Colombian coal producer Coalcorp Mining Inc early in January said it sold its La Francia mine to a Goldman Sachs Group subsidiary in a deal worth $200 million.

Coalcorp exports via Carbosan in Santa Marta. If the Goldman deal is concluded, Goldman will have to negotiate use of the Santa Marta port with Vitol, the sources said.
Source: Reuters



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