Pakistan to buy 4Mt coal in 2010

Pakistan to buy 4Mt coal in 2010
Published: 15 March 2010

Pakistan’s cement industry will import just over 4Mt of steam coal in 2010 from South Africa and Indonesia, up from around 3.7-3.8Mt last year, Pakistani and Indian coal trading sources said.

Credit difficulties made coal imports extremely difficult in 2008 because most suppliers were unable to accept letters of credit issued by Pakistan banks, but business has returned to normal, the sources said.

"Pakistan’s cement sector is strong - there is very good export demand from Abu Dhabi, Sri Lanka, Iraq, Madagascar and other countries and also inland," said an official at Seatrade, one of Pakistan’s biggest coal traders.