CDS comdek limited.

have faith cds is gonna come good

  1. 9,382 Posts.
    this is interesting.....

    coal is one sector you don't want to be out of this year....

    NeW DELHI, March 3 (Reuters) - India's Dalmia Cement (DLMI.BO: Quote, Profile, Research) has signed a 12-18 month long supply contract with BHP Billiton (BHP.AX: Quote, Profile, Research) for 10 cargoes of South African coal, Indian traders said.

    The price for the coal is floating, linked to the physical API4 index published jointly by Argus Media and The McCloskey Group.

    Deliveries will begin in April, traders said.

    Cargill is providing freight for the deal, they said.

    Dalmia is one of the Indian cement makers which prefers South African coal quality over Indonesian imports.

    Indian cement makers have avoided long-term supply contracts for South African coal during the past two years, when imports and prices have surged.

    Traders said they expected other Indian cement makers that use South African coal to also sign long-term deals in preference to spot purchasing.
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