| Date: |
24-03-2010 |
| Subject: |
India to import Colombian coal for first time |
|
Bloomberg reported that Adani Enterprises Limited has agreed to buy thermal coal from Colombia for the first time as surging electricity demand prompted diversification of purchases.
As per report, the first cargo of fuel will be imported in a capsize, a vessel that has a carrying capacity of at least 110,000 DWT. The company is negotiating a long term contract.
Mr Leon Teicher CEO of Cerrejon said that Cerrejon, the world's largest open pit mine producing coal for export, may make its first sales to India this year. The project started shipping fuel through the Panama Canal and on other routes to China after prices became much better than those in Europe.
An Adani official said that Colombian coal may land in Mundra and Dahej ports on India's west coast because they can handle capsizes.
Source : www.bloomberg.net
|