Cerrejon to reduce output amid low prices, possible court ruling

Cerrejon, one of Colombia's largest coal mines, will reduce its operations by up to 18% because of a fall in international prices and amid an ongoing court case, the company's chief executive said on Monday.

Colombia, the world's fourth-largest exporter of coal, faces a potential spending crunch next year as royalties from the fuel decline amid a supply glut and slowing economic growth in China.