Colombia: Drummond disputes accusations over paramilitary support
Date: 28 May 2009
Coal mining company Drummond has said that it has no connection to the violence that has been endemic to Colombia for many years, and that it disputes a lawsuit brought to a US federal court suggesting it had made payments to paramilitary groups.
According to the suit, the company had paid millions of dollars to the group to provide protection for its coal mine and railroad. Union members were amongst those targeted by the United Self-Defense Forces of Colombia, the paramilitary group alleged to have received the money.
Drummond issued a statement denying the allegations. It said: "The policy of the company is, and always has been, not to provide support to any outlaw groups in Colombia".
Drummond has faced a similar lawsuit before - which it won.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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