Report - Goldman Sachs - not working (at the coal mine)

Blow Tube For Coal Burning Containers

Goldman Sachs got a disconcerting update a year after buying its second coal mine in Colombia: 'Certain operational issues have arisen, commodities executives reported'.

MarketWatch reports that was putting it mildly. Local women and children had formed a human blockade to protest labour issues, shutting down production. Coal prices had dropped 20% in three years, and another 6% decline could permanently impair the value of Goldman’s investment, the executives told directors in late 2013.

After that, the bad news kept coming. Coal prices tumbled by more than 40%. An environmental law shut down production for most of last year.

To access the complete MarketWatch article hit the link below:

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