Cement India to Buy Indonesian Coal Mines
2009-10-29 00:00:00
< P > < FONT face = Verdana > India Cement Ltd will buy Indonesian coal mines for $20 million. < P > < FONT face = Verdana > Company officials said that the acquisition will be profitable through an internal equity investment, the results of which will be announced in the second quarter of 2010. < P > < FONT face = Verdana > India Cement expects to import coal from the mine after six months next year, with the company planning to mine and import 40,000-50,000 tonnes of coal per month. < P > < FONT face = Verdana > In the last quarter, 60% of India Cement's coal was imported at a price of $83 per ton, and 40% was obtained from the domestic Singrani coal market. < BR > (Please indicate the source for reprinting on China Cement Net)
Correlation
2009-10-29 00:00:00
CEMPI
94.8
0 0%
CONCPI
88.80
-0.64 -0.72%
CLKPI
97.46
0.00 0.00%
SPPI
44.52
-0.26 -0.58%
MORPI
73.32
0.00 0.00%
On June 17, Conch Cement answered questions from investors on the interactive platform, saying that the market price of cement mainly depends on the relationship between supply and demand in the market, and there are differences in the relationship between supply and demand in the market among regions. The market price trend in the second half of the year depends on the recovery of the relationship between supply and demand in the market.
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