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Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR


Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on Wednesday.

The ministry has approved a time extension for imports of coal from India with sulphur content of more than one percent until the end of June 2010, he said.

The coal will come from India's northeastern state of Meghalaya and cost between $45 and $50 per tonne, compared to $120 per tonne for that bought from Indonesia.

Bangladesh has reserves of 2.6 billion tonnes of coal in six northern fields, but finds itself unable to extract it in the absence of a state coal policy. ($1=69 taka)

Source: Reuters



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