Holcim Philippines intends to solicit term contract offers involving up to 750,000tpa of Indonesian coal, industry sources said.
One source said the volume of coal that Holcim Philippines will procure will depend on the quality of material offered by Indonesian coal shippers, adding that less will be required if the cargoes are of relatively good quality.
Holcim Philippines will shortly start entertaining offers and has not set an actual deadline for receiving bids.
The source said Holcim Philippines currently takes delivery of spot Indonesian coal, but wants term contract security, hence its decision to solicit term supply contracts.
Currently, Indonesian producers Baramulti and trading firm PT Asia Pacific Mining Resources supply spot cargoes to Holcim Philippines.