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Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER


Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes each of Indonesian and South African coal, Indian traders said.

The two companies issued a joint tender for coal for Q1 2010 delivery. Offers were submitted on a CIF basis.

Indian cement makers have during the past few months sought to buy coal at $80.00 per tonne or less on a delivered basis.

In recent months, South African coal has been several dollars per tonne cheaper CIF than Indonesian.
Source: Reuters



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