Geo Energy

Coal / Geo Energy: Coal prices may have touched bottom and be poised to rise as disruptions from Colombia to Indonesia threaten supplies, Barclays said in a report. Benchmark contracts are on the verge of breaking out of a range as workers at Cerrejon, a Colombian coal mine owned by BHP Billiton Plc, Xstrata Plc and Anglo America Plc, prepare to strike as early as next week. Further price downside could be limited, given the low prevailing levels and the potentially bullish drivers outlined. Thermal coal for 2014 delivery to Amsterdam, Rotterdam or Antwerp, the European benchmark, rose 1% to $100/mt, according to Bloomberg. A strike may remove 600,000/mt a wk from the market.