| Date: |
05-06-2010 |
| Subject: |
Coal India benchmarks premium coal to foreign rates |
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State-owned Coal India Ltd, the world's largest miner, is looking to increasingly benchmark its premium grade coal to international prices, a senior company official said.
"A decision has already been taken that premium coal should be priced on import parity basis. That is, import price minus 15 percent," A K Sarkar, director of marketing, told Reuters.
He said some coal sold by its unit, Eastern Coalfields, was being based on the new formula since last October.
Source :- economictimes.indiatimes.com/news
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