Colombian President Gustavo Petro threatened to unilaterally change Glencore (Glen.L) on Tuesday, opening a new tab concession agreement if the mining giant continues to export coal to Israel, but said the company has already stopped vessels in compliance with executive orders.
“I intend to unilaterally change the concession agreement,” Peter said at a community energy event in Latin America and the Caribbean (CELAC).
The president also warned that if Glencore refuses to comply with the law to suspend cargo, he would ask communities near the mine to set the lockdown.
In response, the company said it was already compliant with the order.
“Selejon acted in accordance with the law issued by President Peter. In fact, our last coal shipment was two weeks before the law came into effect,” the company told Reuters.
Peter suspended exports of fuel sources to Israel over the attack on the Gaza Strip.
Israel’s Foreign Ministry did not immediately respond to a request for comment.
Located in Columbia’s Northeastern Guazila, Operation Glencore’s Selejon is one of the world’s largest open-pit coal export mines. It includes a 150km (93 miles) railway line and a Caribbean port.
Cerrejon’s production reached 19 million tonnes in 2024. In March, the company announced that it would cut annual thermal coal production from 5 million to 10 million tonnes due to low mineral prices.
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